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...


Subscribers have unlimited access to all online content inc rankings. Start your subscription today - click on the button below.

Subscribe now

Free trial

Taking a free trial will give you access to online content one week (excludes research & rankings). Start your trial today.

Free Trial

Bank of America/Merrill Lynch provides the innovative research and market insights that will help you succeed, including commentary on the key themes for the year ahead as well as trends driving growth in important industries and sectors. You will gain access to global research and the other information you need to make informed investment decisions.

Click here for more details.

Latest Poll

Do activist hedge fund investors ultimately add value to the companies they target?

 - 58%
 - 42%

View previous results