Looking back at York’s pre-sale promotion and New Orleans’ post-Katrina pension troubles

AR also revisits the reopening of Marathon’s distressed fund and two Tudor PMs whose launch didn’t last.

One year ago

»» York Capital Management, Jamie Dinan’s then-$11.1 billion firm, promoted Adam Semler to chief operating officer, a new position. Semler previously held the title chief financial officer.

Just a few months later, in September 2010, York sold off a minority stake of its business to Credit Suisse, a deal that meant considerable payouts to Dinan and York’s other 10 partners but raised concerns among some of the firm’s investors.

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