Eton Park Capital Management
Eton Park Capital Management is an alternative investment firm that seeks to provide investors with superior, risk-adjusted returns over the long-term. Its multidisciplinary approach is deeply rooted in fundamental research and spans geographies and strategies, including equities, credit, and derivatives. It invests on behalf of charitable organizations, endowments, pension funds, family offices, and others.
- Eton Park started with about $3.5 billion in capital and at the time was among the biggest hedge fund launches.
- One of its best years came in 2013 when it returned 22%.
- One of the worst years for the fund was in 2008 when it lost 10%.
- Its assets under management have fallen by half since 2011.
- The decision by Founder Eric Mindich to close the firm comes after a tough year in 2016 when Eton Park’s returns were down about 9.4%.
“A combination of industry headwinds, a difficult market environment and, importantly, our own disappointing 2016 results have challenged our ability to continue to maintain the scale and scope we believe necessary to pursue our investment program.”