The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 20 min ago
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.