Saturday, 4 July 2015
Last updated 19 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…