Markets Magazine

Canyon Parlays Harvard-Drexel Roots Into Problematic Dealmaking

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The head winds grew so intense during the 508-mile race through California’s Mojave Desert and Death Valley that Joshua Friedman told his teammates he thought he would be blown off his bike. Instead of tumbling down, the hedge-fund manager powered through his 86-mile leg of the Furnace Creek 508, showing little fatigue after he dismounted his bike.

“He said he was having a great time,” says David Garaffa, a personal trainer and one of Friedman’s teammates in 2007. “It was a morale booster for everybody else because we had two other guys who still had a leg to go.”