York Capital Management is a global institutional investment management firm with approximately $18.5 billion in assets under management as of June 2019. The firm was founded in 1991 by

Jamie Dinan James Gerard Dinan (born 1959) is an American investor, hedge fund manager, philanthropist. He founded York Capital Management in 1991. Early life and education James Gerard Dinan was born to a Roman Catholic family in 1959 in Baltimore, Maryl ...

. York Capital is headquartered in

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...

, with additional offices in

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

and

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...

. As of December 2012, York Capital was ranked as the 20th largest

hedge fund A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as s ...

in the world."Hedge Fund Journal"
/ref> In 2010, Credit Suisse acquired a 30% stake in York Capital for $425 million."Wall Street Journal"
/ref>"New York Times Deal Journal"
/ref>

Investment strategies

York Capital uses a fundamental analysis, bottom-up approach to make its investments. The firm focuses on three

event-driven investing Event-driven investing or Event-driven trading is a hedge fund investment strategy that seeks to exploit pricing inefficiencies that may occur before or after a corporate event, such as an earnings call, bankruptcy, merger, acquisition, or spin ...

strategies:

merger and acquisition Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspec ...

transactions,

distressed securities Distressed securities are securities over companies or government entities that are experiencing financial or operational distress, default, or are under bankruptcy. As far as debt securities, this is called distressed debt. Purchasing or holding s ...

and

restructuring Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons ...

opportunities and

special situation A special situation in finance is an atypical event which has the high potential to alter the future course of a business, materially impacting the company's value. The connotation of the event may be both positive (for example, merger or acquisitio ...

equity investing.

York Capital Funds

Global Multi-Strategy Funds * York Multi-Strategy * York Select * York Total Return Distressed Opportunities Funds * York Credit * York Credit Income Regional Multi-Strategy Funds * York European Opportunities * York Asian Opportunities

History

York Capital was founded in 1991 by

and named after the street he was then living on, York Avenue.Bloomberg: "York Capital's Dinan Finds Value in Tel Aviv Funds, Tyco Duplex" By Richard Teitelbaum
September 7, 2006

started his career at the merger arbitrage firm Kellner DiLeo & Company. In 1987, the market crashed and he lost his entire $600,000 in savings. In 1991, he was able to raise $3.6 million from his former DLJ colleagues and started York Capital. In 1993, his fund earned credibility with a 33.8 percent return and by 2000, the fund had over $610 million in assets.

References

* * * * {{DEFAULTSORT:York Capital Management Hedge funds Hedge fund firms in New York City Alternative investment management companies Institutional investors