Eton Park Capital Management
Encyclopedia
Eton Park Capital Management is a hedge fund, founded in November 2004 by former Goldman Sachs
partner Eric Mindich
. While at Goldman, he was a senior member of the investment bank's Principal Strategies group.
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.
Since its inception, Eric Mindich has managed global operations for Eton Park Capital Management. Alain Demarolle is the managing director for Europe.
At the time of Eton Park Capital Management's launch it was one of the largest, $3 billion, fund launches ever.
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. 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.
In December 2007, 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, which are all Indian corporations.
In April 2009, Eton Park helped BNP Paribas
take a majority stake in Fortis
.
As of 9/30/2010, the fund reportedly managed $11.5 billion in US equities.
The company owns a number of internet domains (etonpark.com, etonparkcapitalmanagement.com, and others) but has no public website.
Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
partner Eric Mindich
Eric Mindich
Eric Mindich is an American hedge fund manager and the founder hedge fund Eton Park Capital Management. Mindich began working at Goldman Sachs after high school, and spent summers at the firm while earning a degree in economics at Harvard College. Mindich graduated from Harvard, where he was a...
. While at Goldman, he was a senior member of the investment bank's Principal Strategies group.
The multi-strategy hedge fund
Hedge fund
A hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...
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.
Since its inception, Eric Mindich has managed global operations for Eton Park Capital Management. Alain Demarolle is the managing director for Europe.
At the time of Eton Park Capital Management's launch it was one of the largest, $3 billion, fund launches ever.
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. 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.
In December 2007, 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, which are all Indian corporations.
In April 2009, Eton Park helped BNP Paribas
BNP Paribas
BNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...
take a majority stake in Fortis
Fortis (finance)
Fortis N.V./S.A. was a company active in insurance, banking and investment management. In 2007 it was the 20th largest business in the world by revenue but after encountering severe problems in the financial crisis of 2008, most of the company was sold in parts, with only insurance activities...
.
As of 9/30/2010, the fund reportedly managed $11.5 billion in US equities.
The company owns a number of internet domains (etonpark.com, etonparkcapitalmanagement.com, and others) but has no public website.