River Canyon Fund Management LLC (Los Angeles)


River Canyon Fund Management LLC is a large advisory firm based in Los Angeles. It manages $761 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of California.

River Canyon Fund Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and sma. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

River Canyon Fund Management: assets under management

The assets under management (AUM) of River Canyon Fund Management LLC is $761 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 11711% since the beginning of its operation, and $657 million of the total AUM is attributable to clients outside of the United States.

The firm manages $761 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $190.25 million each.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay River Canyon Fund Management LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients River Canyon Fund Management serves?

The firm provides services to investment companies, pooled investment vehicles, and banking or thrift institutions. The largest group of clients of River Canyon Fund Management is banking or thrift institutions with 1 clients and $584 million of assets under management. Among the 9 most similar advisory firms, River Canyon Fund Management has the highest percentage of banking or thrift institutions out of all clients.

The amount of regulatory assets under management is $761 million for 4 clients. 50% of the firm’s clients are foreign persons or businesses.

River Canyon Fund Management doesn't advise any private funds.

Careers at River Canyon Fund Management LLC

The company employs 160 people that are either part- or full-time employees. 28 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
John Paul Plaga Chief financial officer 1 Oct 2013 Other 4406087
Canyon Capital Advisors Llc Sole member 1 Oct 2013 75% - 100% 107922
Mitchell Ralph Julis Managing partner 1 Oct 2013 Other 1223735
Joshua Stephan Friedman Managing partner 1 Oct 2013 Other 1315528
Douglas Anthony Anderson Chief compliance officer 1 Oct 2013 Other 5079532
Jonathan Matthew Kaplan General counsel 1 Oct 2013 Other 5506077

Indirect Owners

The SEC currently registers 13 indirect owners.

Name Entity Date acquired Ownership Employer ID
Joshua Stephan Friedman Trustee 1 May 1998 Other 1315528
Beth Cari Friedman Trustee 1 May 1998 Other 4381745
Joshua S. Friedman Revocable Gp Trust Gp of the joshua s. friedman family trust 1 Aug 2004 Other 36-7476157
Beth C. Friedman Revocable Gp Trust Gp of the joshua s. friedman family trust 1 Aug 2004 Other 36-7476158
Joshua S. Friedman Lifetime Trust Lp of the joshua s. friedman family trust 1 Aug 2004 25% - 50% 36-7469547
Beth C. Friedman Lifetime Trust Lp of the joshua s. friedman family trust 1 Aug 2004 25% - 50% 36-7469540
Mitchell Ralph Julis Gp & lp of the julis family lp 1 Apr 2005 25% - 50% 1223735
Linda Joleen Julis Gp of the julis family lp 1 Apr 2005 Other 4381744
Joshua Stephan Friedman Trustee 1 Apr 2005 Other 1315528
Family Gst Trust Under Julis Family 2005 Irrevocable Trust Lp of the julis family lp 1 Aug 2005 25% - 50% 36-7445445
The Joshua S. Friedman Family Limited Partnership Member 1 Jan 2009 25% - 50% 95-4687862
The Julis Family Limited Partnership Member 1 Jan 2009 25% - 50% 95-4687863
Canyon Partners Llc Member 1 Oct 2013 75% - 100% 95-4665514

Based in Los Angeles

The principal office where River Canyon Fund Management LLC performs its advisory services is located at 2000 Avenue Of The Stars, Los Angeles, CA 90067, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-272-1000 or by fax 310-272-1001. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday.