A $14 billion hedge fund is venturing where others fear to tread

Canyon Capital Advisors, a $14 billion Los Angeles-based investment firm set up Joshua Friedman and Mitchell Julis, sees a fresh money-making opportunity betting on corporate takeovers.
In a January letter to investors, the hedge fund firm said there has been a "significant increase in supply" of potential deals "as companies having difficulty growing organically have instead sought to buy growth."
At the same time, fewer investors are able to invest in these kinds of deals, which