Looking back at York’s pre-sale promotion and New Orleans’ post-Katrina pension troubles

May 17, 2011   Suzy Kenly Waite

AR also revisits the reopening of Marathon’s distressed fund and two Tudor PMs whose launch didn’t last.

One year ago

»» York Capital Management, Jamie Dinan’s then-$11.1 billion firm, promoted Adam Semler to chief operating officer, a new position. Semler previously held the title chief financial officer.

Just a few months later, in September 2010, York sold off a minority stake of its business to Credit Suisse, a deal that meant considerable payouts to Dinan and York’s other 10 partners but raised concerns among some of the firm’s investors. York Capital managed $15.5 billion...

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