York Posts Gains In Jan.

Feb 10 2012 | 3:46am 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.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

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

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of