Eton Park Capital Management
| Type | Private |
|---|---|
| Industry | Hedge fund |
| Founded | New York, NY, USA (November 2004) |
| Headquarters | New York, NY, United States |
| Key people | Eric Mindich, Founder Eric Feldstein, CFO |
Eton Park Capital Management is a hedge fund, founded in November 2004 by former Goldman Sachs partner Eric Mindich.[1][2] While at Goldman, he was a senior member of the investment bank's Principal Strategies group.[3]
The multi-strategy hedge fund invests in both the public and private markets. Up to 30% of the fund can be invested in private market transactions, and investors in the fund generally have committed their capital for between three and five years—considerably longer than the quarterly redemption notices that are characteristic of many hedge funds.[1][4]
Since its inception, Eric Mindich has managed global operations for Eton Park Capital Management.
At the time of Eton Park Capital Management's launch it was one of the largest, $3 billion, fund launches ever.[1][5]
In November 2007, the $300 million R6 Capital Management fund and Eton Park announced that R6 would wind down its business and transfer its assets to Eton Park.[6] Ralph F. Rosenberg, head of R6, joined Eton Park to focus on credit, distressed investing and real estate. On January 1, 2008, the R6 Capital Management team joined Eton Park.[7]
In December 2007,[dated info] its fund size was over $10 billion. Some of its investments include GMR Infrastructure, Jai Corp, and a 5% stake in Reliance Capital Asset Management, a unit of Reliance Capital,[8][9] which are all Indian corporations.
In April 2009, Eton Park helped BNP Paribas take a majority stake in Fortis.[10]
As of 9/30/2010, the fund reportedly managed $11.5 billion in US equities.[3]
The company owns a number of internet domains (etonpark.com,[11] etonparkcapitalmanagement.com,[12] and others) but has no public website.
[edit] References
- ^ a b c Stephen Todd Walker (7 January 2011). Wave Theory For Alternative Investments: Riding The Wave with Hedge Funds, Commodities, and Venture Capital. McGraw-Hill Professional. pp. 372–. ISBN 978-0-07-174286-3. http://books.google.com/books?id=QqZs5y3mrj4C&pg=PA372. Retrieved 8 August 2011.
- ^ The 50 Largest US Hedge Fund Managers. Hedge Fund Journal. Accessed Apr, 2010.
- ^ a b "HedgeTracker Investor Profile for Eton Park Capital"
- ^ Erin Arvedlund (8 September 2009). Too good to be true: the rise and fall of Bernie Madoff. Penguin. pp. 129–. ISBN 978-1-59184-287-3. http://books.google.com/books?id=xhbStL10aywC&pg=PT129. Retrieved 8 August 2011.
- ^ Sebastian Mallaby (10 June 2010). More money than God: hedge funds and the making of a new elite. Penguin. pp. 342–. ISBN 978-1-59420-255-1. http://books.google.com/books?id=JklJ0ZoJtmAC&pg=PT342. Retrieved 8 August 2011.
- ^ "R6's Rosenberg Jumps to Eton Park"
- ^ "R6 Capital Management"
- ^ "Eton Park buys stake in Reliance Capital firm"
- ^ "Eton Buys 5% of Reliance"
- ^ "Termonia (Fortis Holding) for BNP"
- ^ Networksolutions whois record for etonpark.com
- ^ Networksolutions whois record for etonparkcapitalmanagement.com
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