Thursday, 30 June 2016
Last updated 7 hours 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.