New Asia Hedge Spun Off from York

December 2, 2020 James Heinsman Hedge Fund News

A new Asia-focused hedge fund with $2.7 billion AUM will be the result of York Capital Management’s move to divest of its hedge fund business.

The new fund will be called MY Alpha, to be run by the regional Chief Investment Officer Masahiko Yamaguchi. Yamaguchi is based in Hong Kong.

MY Alpha will come to life in 2021 and will be one of the largest hedge fund spinoffs in Asia by a global money management firm.

The outgoing year was not a great one for new hedge fund growth. If the last month of the year is similar to the previous 11 months, then 2020 is on track to be the year with the fewest new funds in the past 20 years. Investor dissatisfaction and the pandemic contributed to the slow year for hedges.

York has been investing in Asia for 13 years with strategies such as event-driven, fundamental equity, credit, and risk arbitrage.

Masahiko Yamaguchi,

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