How Serious Do Canyon Capital Employees Take Their Responsiblity To Maximize Returns For Investors?

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[Founder Joshua] Friedman says the meltdown had an impact on the firm even during its off-site meeting in September 2008, an annual event in which Canyon brings in financial experts to speak to its traders and analysts. In the middle of a beach volleyball team-building exercise in Santa Barbara, employees suddenly brought the game to a halt to strategize about a momentary upturn in the market. [Bloomberg via BI]

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