Saturday, 29 November 2014
Last updated 21 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...