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York Capital's CLO Business Finds a Home with Kennedy Lewis Investment Management


York Capital’s CLO Business Finds a Home with Kennedy Lewis Investment Management
Posted on 05/04/2021
Founded by Jamie Dinan (age 61) in 1991, York Capital Management partnered with Kennedy Lewis Investment Management LLC, an opportunistic credit manager, to form a new company called Generate Advisors, LLC. Under the partnership agreement, York’s approximately US$ 4 billion Collateral Loan Obligation (CLO) business and team, led by Rizwan Akhter, will transition to Generate Advisors and continue to manage York’s current CLO portfolio as well as any future CLOs issued by Generate Advisors. Kennedy Lewis will be investing in Generate Advisors and has committed at least US$ 200 million of capital to be invested in the equity of Generate Advisors’ future CLOs. Akhter will manage Generate Advisors. He and Bill Vrattos, York’s Chief Investment Officer, will be joined by representatives from Kennedy Lewis to form the CLO Investment Committee. ....

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Largest firefighting plane may be sold for COVID-19 response


Largest firefighting plane may be sold for COVID-19 response
As Western states prepare for this year’s wildfire season, the world’s largest firefighting plane has been grounded
By PATTY NIEBERG, Associated Press/Report for America
Published: May 3, 2021, 6:02am
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FILE - In this May 5, 2016, file photo, a Boeing 747-400 Global SuperTanker drops half a load of its 19,400-gallon capacity during a ceremony at Colorado Springs, Colo. The world s largest firefighting plane has been shut down just as Western states prepare for a wildfire season that fire officials fear could be worse than the average year. Tara Lee, a spokeswoman for Washington Gov. Jay Inslee, said via email Friday, April 23, 2021, that the state s Department of Natural Resources was alerted to the shutdown of the worlds largest firefighting plane called the Global SuperTanker.(Christian Murdock/The Gazette via AP, File) ....

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