James Dinan

James Dinan
Born James Gerard Dinan
1959 (age 56–57)
Nationality United States
Other names Jamie Dinan
Education B.S. University of Pennsylvania
M.B.A. Harvard University
Occupation Milwaukee Bucks owner
Known for founder of York Capital Management
Net worth IncreaseUS$2.0 billion USD (May 2016)[1]
Spouse(s) Elizabeth R. Miller
Children three
Parent(s) Robert Dinan
Jeannette Dinan

James "Jamie" Dinan (born 1959) is an American hedge fund manager and founder of York Capital Management.

Biography

James Gerard Dinan was born to a Roman Catholic family in 1959 in Baltimore, Maryland, one of five children of Robert and Jeannette Dinan.[2] His father was a textile engineer and his mother a homemaker.[2] In 1969, the family moved to Worcester, Massachusetts.[2] Dinan graduated from the private Bancroft School[2] and then went on to earn a B.S. from the Wharton School of the University of Pennsylvania with a degree in economics. While at the University of Pennsylvania, Dinan joined Alpha Chi Rho, a northeastern fraternity.[2]

Career

In 1981, he took a job with stock research firm, Donaldson, Lufkin & Jenrette (DLJ)[2] and later earned a M.B.A. from Harvard University.[1] In 1985, he took a job at the merger arbitrage firm Kellner DiLeo & Company.[2] In 1987, the market crashed and he lost his entire $600,000 in savings.[2] In 1991, he was able to raise $3.6 million from his former DLJ colleagues and started his own hedge fund named York Capital (named after the street he was then living on, York Avenue).[2] In 1993, his fund earned credibility with a 33.8 percent return and by 2000, the fund had over $610 million in assets.[2] In 2010, he sold 33% of York to Credit Suisse for $425 million.[1] In 2011, he made a $1 million donation to the Museum of the City of New York.[3] In July 2014, Dinan gained partial ownership of the NBA's Milwaukee Bucks.[4]

Personal life

Dinan is married to Elizabeth R. Miller,[5][6] and they have three children together.[1] Dinan lives in Manhattan and also owns homes in Westchester County, New York; Nantucket, Massachusetts; and on the Caribbean island of Saint Barthélemy.[2]

References

  1. 1 2 3 4 Forbes The World's billionaires: James Dinan September 2013
  2. 1 2 3 4 5 6 7 8 9 10 11 Bloomberg: "York Capital's Dinan Finds Value in Tel Aviv Funds, Tyco Duplex" By Richard Teitelbaum September 7, 2006
  3. ↑ Wall Street Journal: "Hedge Fund Founder Helps Document City's History" By Shelly Banjo February 8, 2011
  4. ↑ "Milwaukee Bucks add third hedge fund owner". CNBC. Retrieved 17 October 2015.
  5. ↑ New York Times: "Making a Name on Horseback" by KERRY HANNON OCTober 22, 2014
  6. ↑ Department of Cultural Affairs - New York City: "MAYOR MICHAEL R. BLOOMBERG AND COMMISSIONERS KATE D. LEVIN AND DAVID J. BURNEY JOIN THE MUSEUM OF THE CITY OF NEW YORK TO OPEN NEW CURATORIAL CENTER AND JAMES G. DINAN AND ELIZABETH R. MILLER GALLERY August 13, 2008
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