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: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

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

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...

 

From the current issue of