Wednesday, 30 July 2014
Last updated 18 min ago
Dec 12 2012 | 11:02am ET
While most hedge funds sputter towards the end of a disappointing year, York Capital Management is staying strong as 2012 dwindles.
The New York-based firm's $5.1 billion flagship multi-strategy hedge fund added 1.1% last month and is now up double-digits, 10.29% on the year. Other funds at the $13 billion firm are doing even better, ValueWalk reports.
York's $4.3 billion Credit Opportunities Fund is up 16.3% this year after a 1.1% jump last month. And its $1.5 billion Total Return Fund is up 11.7% following a 0.9% return in November.
The $1.9 billion York European Opportunities Fund is up 9.3% this year after rising 0.4% in November.
Not all of York's funds, however, are enjoying this year to that extent. Its smallest fund, Asian Opportunities, is up only 2.36% this year after a 1.5% drop in November. That fund manages about $380 million.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…