York Capital Management

The multistrategy firm posted a 27 percent drop in assets in 2016.
At least four hedge fund firms have bought private stock in the social media company, whose planned offering could value it at $25 billion.
York, one of the best-established firms in the industry, has seen its assets fall by billions as its biggest funds post losses.
A number of funds raise money for distressed-debt opportunities. Meanwhile, Avenue founder Lasry gets an arena for his Bucks.
Firm joins a handful of others in preparing for a period of renewed distress — and opportunities. It’s not happening tomorrow, though.
The New York–based multistrategy fund hopes to raise up to $750 million for the second vintage of its drawdown fund that invests in European assets.