As York Capital Management grows, one of its big challenges
is to attract and retain senior talent to manage new
The solution that has worked best so far has been to give
top portfolio managers, and the most talented senior analysts,
their own funds to run. Any new fund or strategy, says firm
founder Jamie Dinan, should enhance York's investment
opportunities - not simply its asset base.
The first time Dinan handed over the reigns of a fund was in
1999, when he gave York Select, his second vehicle, to
right-hand man and senior analyst Dan Schwartz. "I had the view
that Dan could run...