York rising


Jamie Dinan has taken York Capital Management to $16 billion – all without sacrificing returns. Poised for the distressed cycle expected shortly, the event-driven firm may even have an opportunity to improve its game.

Jamie Dinan isn't afraid to think big - and has the results to show for it

By Carolyn Sargent

Ah, youth. In 1987, Jamie Dinan was a 28-year-old Harvard MBA trading at Kellner DiLeo & Co., a $300 million hedge fund in New York, and feeling on top of the world. "In my mind, I was a superstar making a lot of money," he recalls with a grin.

The mid-'80s were heady days in the market. Speculating in mergers and acquisitions, Dinan was long equities and levered. To have more personal