Wednesday, 29 July 2015
Last updated 4 hours ago
Feb 10 2012 | 2:46am ET
York Capital Management bounced back from a difficult 2011 in January, with most of its hedge funds enjoying above-average returns to start the new year.
The New York-based firm told investors that its flagship York Multi-Strategy Fund returned between 3.7% and 3.9% on the month, Dow Jones Newswires reports. The fund lost in excess of 7% last year.
Other funds did even better: Its event-driven vehicles rose between 5.2% and 9.2%, while its European Opportunities Fund rose 4.1%. York's Credit Opportunities Fund returned between 3.7% and 3.9% in January. Only the firm's Asian Opportunities Fund took a hit, losing 0.4%.
The average hedge fund returned between 1.5% and 2.5% last year, according to industry indices.
York has more than $15 billion in assets under management, one-third of it in the Multi-Strategy 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…