Saturday, 22 October 2016
Last updated 23 hours 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.