Hedge Funds

Undeterred by May loss, York continues marketing push

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Jamie Dinan’s York Capital Management is closing in on its former size.

Despite a drop of 4.9% for its flagship fund in May, Jamie Dinan’s York Capital Management is continuing a marketing blitz that has helped increase firm-wide assets to $13.8 billion, up from $11.1 billion on January 1, and within striking distance of its $15.3 billion mid-2008 peak.

The firm’s flagship $4.3 billion multistrategy and diversified event-driven fund, York Capital Management, was up 5.20% through April, but after May’s drop, its year-to-date return is 3 basis points.

All seven of York’s hedge funds are open, and this summer the firm is engaged in an active marketing push. Brooke Parish,