York Capital Wins Market Plaudits for Daring IDB Gambit

U.S. hedge fund lines up allies among bondholders as it takes on one of Nochi Dankner's debt-laden companies in a bid for control.

York Capital Management's plan to secure control of Nochi Dankner's IDB Development Corporation is winning plaudits from institutional investors as a new and different solution for Israel's debt-laden companies.