York Capital Funds Rise In August

Sep 12 2012 | 12:10pm ET

All of York Capital Management's hedge funds posted gains last month, led by its Select fund.

That $890 million vehicle pulled itself out of the red in August, rising 6.8% on the month and 1.75% on the year, ValueWalk reports. York's other funds didn't do quite as well last month—but they didn't have to.

The $15 billion New York-based firm's UCITS Event-Driven Fund added 2.72% last month and its $5 billion flagship Multi Strategy Fund 2.6%. The latter fund is now up 6.2% on the year.

York's event-driven Total Return Fund rose 2.2% on the month; the $1.5 billion fund is up 7% on the year. Its $4 billion Credit Opportunities Fund added 1.7% in August and 10.6% on the year, York's best performance of 2012, while its European Fund, with $1.9 billion in assets, rose 0.9% last month to reach 6.8% on the year.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

The Life Settlement: Yield For The Investor And Cash For The Consumer

Mar 31 2015 | 6:48am ET

Investors are languishing in a yield-starved, low-interest rate environment, looking...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note