Eton Park Capital Management
Company type | Private |
---|---|
Industry | Investment Management |
Founded | New York, NY, USA (2004) |
Headquarters | 399 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
- ^ a b c "Advisory Council Eric Mindich". The Hamilton Project. Retrieved March 26, 2015.
- ^ "Company Overview of Eton Park Capital Management, L.P." Bloomberg Business. March 28, 2015.
- ^ a b Svea Herbst-Bayliss (March 5, 2015). "Hedge fund Eton Park gains in February as currency bets help". Reuters.
- ^ Roderick Boyd (November 2, 2004). "Mindich Opening $3.5 Billion Hedge Fund". The New York Sun.
- ^ "Eton Park Capital Management - Investor Profile". HedgeTracker.cpm. March 29, 2015. Archived from the original on March 19, 2015. Retrieved November 22, 2010.
- ^ Matthew Goldstein (March 23, 2017). "Eton Park Hedge Fund to Shut Down". The New York Times.