Eton Park Capital Management LLC
TypePrivate
IndustryInvestment Management
FoundedNew York, NY, USA (2004)
Defunct2017 (2017)
Headquarters399 Park Avenue
New York City
Key people
Eric Mindich, Founder and CEO
Total assets$9 billion (2015)

Eton Park Capital Management was an investment firm.[1] The firm aimed to provide risk-adjusted returns for investors over multi-year periods.[2] The firm invested in a range of markets and products, including public equity, fixed income and derivatives markets. Eric Mindich was the firm's Chief Executive Officer.[1] Eton Park had offices in New York City, London, and Hong Kong.[1] From 2012 to 2014, Eton Park's annualized return averaged over 13% while the S&P500 averaged nearly 18%.[3]

History

Eton Park was founded in 2004 by Eric Mindich, who previously had been a partner at Goldman Sachs.[4] While at Goldman, Mindich was a senior member of its Principal Strategies group.[5] Eton Park's launch was one of the largest in history at $3.5 billion.[3]

On March 23, 2017, Mindich announced the fund would shut down after incurring a 10% loss in 2016.[6]

References

  1. 1 2 3 "Advisory Council Eric Mindich". The Hamilton Project. Retrieved March 26, 2015.
  2. ↑ "Company Overview of Eton Park Capital Management, L.P." Bloomberg Business. March 28, 2015.
  3. 1 2 Svea Herbst-Bayliss (March 5, 2015). "Hedge fund Eton Park gains in February as currency bets help". Reuters.
  4. ↑ Roderick Boyd (November 2, 2004). "Mindich Opening $3.5 Billion Hedge Fund". The New York Sun.
  5. ↑ "Eton Park Capital Management - Investor Profile". HedgeTracker.cpm. March 29, 2015. Archived from the original on March 19, 2015. Retrieved November 22, 2010.
  6. ↑ Matthew Goldstein (March 23, 2017). "Eton Park Hedge Fund to Shut Down". The New York Times.
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