Hedge Fund Eton Park Shuts Down after Thirteen Years
Thirteen years ago, Eric Mindich set a record when he raised $3 billion for this hedge fund Eton Park. The fund is now being shut down after a tough 2016 when it lost 9% and assets shrunk by $2 billion to current $7 billion. The firm expected to return 40% of all investors capital by end of next month.
“Erich Mindich was once considered one of Wall Street’s top investors and was named Goldman Sachs’ youngest ever partner in 1994 at age 27.”
Erich Mindich was once considered one of Wall Street’s top investors and was named Goldman Sachs’ youngest ever partner in 1994 at age 27. He had no trouble raising money when he set out to launch his own fund asking investors to commit at least $5 million each to secure a spot in Eton Park.
About Eton Park
Founded in 2004 by Eric Mindich, Eton Park is a global alternative investment firm which seeks to provide investors with superior, risk-adjusted returns over the long-term. Eton Park invests on behalf of charitable organizations, endowments, pension funds, family offices and others worldwide. Our multi-disciplinary approach is deeply rooted in fundamental research and spans geographies and strategies. These strategies include equities, credit and derivatives. Eton Park has offices in New York, London and Hong Kong.
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