Mar
26

Youngest Goldman Partner Now Middle-Aged Ex-Hedge Fund Manager

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By World Economic Forum [CC BY-SA 2.0], via Wikimedia Commons

By World Economic Forum [CC BY-SA 2.0], via Wikimedia Commons

The last few years have been hard on the hedge fund industry—the last eight, to be exact, when you-know-who was in charge, bringing sadness and misery and desperately unwanted introspectionfrom Stamford to Manhattan and everywhere in between. Last year especially, when more than 1,000 closed their doors, unable to survive long enough to enjoy the hedge-fund renaissance sparked by the rise of President Trump and the decline of all rules governing anything, instantly curing all of the many things that ailedthe industry.

Still, some are still too far gone to savor the revival. Take Eric Mindich. The youngest partner in Goldman Sachs history, he’s been producing annualized returns just south of 10% over the last 13 years at Eton Park Capital Management. But in spite of his status as the most favored of the Elect—and in spite of having all of his old buddies running the country—Eton Park couldn’t be saved from its difficult 2016 and people’s growing distaste for hedge funds. Oh, and the fact that Mindich is an Obama guy

Youngest Goldman Partner Now Middle-Aged Ex-Hedge Fund Manager

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