Dinan’s York Exits Hedge Funds for Private Debt, CLOs
- York Capital will give back less than $3 billion to clients
- His firm manages $8.5 billion in longer-term products
Photographer: Jacob Kepler/Bloomberg
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In the end, everything went wrong for the NBA’s Milwaukee Bucks. Jamie Dinan could only watch.
By the time the top-seeded Bucks were knocked out of the semifinals in September, dashing championship dreams once again, Dinan, one of the team’s billionaire owners, was hurtling toward a humbling loss of his own -- one that is now ending his three-decades-long career in hedge funds.