York “disappointed that anonymous sources have presented an exaggerated and inaccurate description”

York Capital Management letter to investors  on recent “rumors”

H/T DealBreaker and see their article on the topic for background

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Dear Investor:

In recent months, we have been engaged with Christophe Aurand in discussions regarding his long-term role at the Firm. Presently, Christophe, head of York Capital Management’s London office, is still with the Firm. The discussions with him have been both constructive and challenging, and are ongoing. We are disappointed that anonymous sources have presented an exaggerated and inaccurate description of those discussions to certain members of the media. Jamie Dinan and Dan Schwartz are fully committed to York Capital Management and its global businesses.

York Capital Management manages more than $16 billion. Year-to-date, and on a rolling 12-month basis, the Firm’s net performance across all of its hedge fund strategies has been strong. To that end, year-to-date through April and on rolling 12-month basis, the York Multi-Strategy Fund is up 10.2% and 18.4%, respectively; the York Select Fund is up 14.9% and 31.1%, respectively; the York Credit Opportunities Fund is up 4.3% and 13.2%, respectively; the York Global Credit Income Fund is up 4.0% and 15.8%, respectively; the York European Opportunities Fund is up 8.6% and 11.8%, respectively; the York European Focus Fund is up 10.1% and 17.4%, respectively; and the York Asian Opportunities Fund is up 6.8% and 16.0%, respectively.

Developing and nurturing talent is a priority at York Capital Management and we have a deep and talented bench of senior investment professionals at the Firm. Today, we have more than 60 investment professionals and 185 employees worldwide.

We thank you for your continued confidence in our Firm and will keep you apprised of developments as appropriate.

Sincerely,

York Capital Management