Credit Suisse Seeks Stake In Hedge Fund York

Apr 1 2010 | 10:37am ET

Credit Suisse and York Capital Management are in talks about the former taking a minority stake in the hedge fund firm, according to Hedge Fund Alert.

New York-based York manages $12 billion, including more than $3 billion in its flagship multi-strategy fund. The firm was founded in 1991 by James Dinan.

Talks between the two sides are still ongoing, and it is unclear what the terms of any deal might be. It is also possible that no deal will be struck, the newsletter reports.

Credit Suisse’s interest in the hedge fund comes despite President Barack Obama’s plan to bar bank holding companies from owning hedge funds.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

AIMA: How The U.K.'s SMCR Will Affect U.S. Firms

Jun 20 2017 | 6:29pm ET

U.S. investment managers need to think seriously about how tough new U.K. conduct...

 

From the current issue of