Yorkville Advisors's $1 billion YA Global Investments outperformed its peers in March, returning 1.01% versus the 2.2% loss reported by the Absolute Return Convertible & Equity Arbitrage Index. That loss is the index's second worst result ever, dragging down the year-to-date to -2.2%.
Yorkville's small increase is consistent with the stable return stream reported by the firm, formerly known as Cornell Capital. The fund, managed by Mark Angelo, has not had a losing month since inception in February 2001 and reports a net annualized return of 24.82%. Yorkville is up 2.13% for 2008 so far.
The fund's global portfolio includes