Jamie Dinan to shut down hedge fund business, focus on better-performing units

York Capital Management to get ut of its hedge-fund business says Jamie Dinan.

• he planned to shut down York’s European hedge funds
• US hedge fund to run mainly internal money
• The strategies together manage less than $3 billion
• York still expects to run roughly $9 billion in private equity, private debt and other vehicles that lock up client capital for longer periods.

Wall Street Journal add:

• York’s assets under management have come down significantly from a high of $26 billion in 2015.