Hedge Funds

A billionaire retrenches in a tough year for hedge funds

Jamie Dinan goes on an offensive as his York Capital Management fund digs out from its second straight down year

Jamie Dinan
Jamie Dinan Photo: Getty Images

Hedge fund manager Jamie Dinan is ending 2016 the way he started it: eating humble pie.

The main fund at his York Capital Management, which fell 14% last year, lost another 1% through early December. That performance has pushed Dinan to crisscross the globe in his most intense client interactions in years, people familiar with the matter say.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire