York benefits from event-driven focus


Funds managed by Jamie Dinan's $6.8 billion York Capital Management posted solid returns in August as the firm profited from corporate takeover activity and rising energy prices.

The $760 million York Global Value Partners, which focuses on event-driven equities and distressed investments, climbed 3% in August. On top of a 4.66% rise in July and 3.57% in June, that gain boosts the fund's performance to date to 11.81%. York's $3.3 billion multi-strategy program gained 1.1% in August, for a year-to-date total of 7.72%. And York Credit Opportunities, a $500 million distressed portfolio, rose 0.8% to total 7.74% for the