After an all around abysmal June for James Dinan’s York Capital, the hedge funds managed to turn around in July. The assets under management at York Multi Strategy rose from $5.4 billion at the end to June to $5.7 billion in July. The largest allocation of York Capital, multi-strategy funds, gained 2.7% in July, raising the year-to-date gain to nearly +8%. July proved to be a good month for hedge funds in general, all major hedge fund indices posted a decent gain. The Eurekahedge Hedge Fund Index was up 0.9% in July whereas HFRI Composite Index was up 1.3% in the…
York Capital Gains in July, J.C. Penney Debt Short Pays Off
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.