York Capital’s Dinan Backs Hedge Fund Spinouts From His Firm (1)

Jack Land and Akbar Rafiq, two money managers at York Capital Management, are spinning out their own separate hedge funds with money from their billionaire boss Jamie Dinan.

Land is preparing to start trading with about $100 million at his new firm Axebrook Capital, according to an investor document seen by Bloomberg. Rafiq, the European head of credit at York Capital, is taking his team with him and starting investment firm FDAF Ltd., according to people familiar with the matter, who asked not to be identified because the information is private. Both money managers plan ...