York Capital is going private equity because the hedge fund thing is not working out.
Jamie Dinan admits that he needs Aurand about as much as the Milwaukee Bucks need another playmaker.
2017 not looking much sunnier than 2016 for Jamie Dinan and co.
“The best course of action is to take risk off,” said Highbridge Capital’s Glenn Dubin at SkyBridge Capital’s hedge fund confab in Las Vegas. Dubin thinks there is a lot of risk in the market now, and Highbridge is reducing its balance sheet dramatically, moving to a defensive position.