Mar
23
Hedge Fund Eton Park Is Shutting Down After a Decade
By-
Founder cites disappointing 2016, tough market environment
-
Decision to return funds follows fellow Goldman alum Perry
Eric Mindich at the CNBC Institutional Investor Delivering Alpha Conference in New York on July 15, 2015.
Photographer: Heidi Gutman/CNBC/NBCU Photo Bank via Getty Images
Eric Mindich, a one-time Goldman Sachs star trader who jumped into the hedge fund industry during its heyday, is throwing in the towel on his $7 billion firm.
Mindich — whose Eton Park Capital Management was among the biggest fund startups — is returning client money after 13 years, he said in a one-page letter to clients Thursday. The firm expects to return 40 percent of all investors’ capital by the end of next month…
Hedge Fund Eton Park Is Shutting Down After a Decade
