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.
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.
Famous quotes containing the words park, capital and/or management:
“Borrow a child and get on welfare.
Borrow a child and stay in the house all day with the child,
or go to the public park with the child, and take the child
to the welfare office and cry and say your man left you and
be humble and wear your dress and your smile, and don’t talk
back ...”
—Susan Griffin (b. 1943)
“There was a sound of revelry by night,
And Belgium’s capital had gathered then
Her beauty and her chivalry, and bright
The lamps shone o’er fair women and brave men;
A thousand hearts beat happily; and when
Music arose with its voluptuous swell,
Soft eyes looked love to eyes which spake again,
And all went merry as a marriage-bell;
But hush! hark! a deep sound strikes like a rising knell!”
—George Gordon Noel Byron (1788–1824)
“The care of a house, the conduct of a home, the management of children, the instruction and government of servants, are as deserving of scientific treatment and scientific professors and lectureships as are the care of farms, the management of manure and crops, and the raising and care of stock.”
—Catherine E. Beecher (1800–1878)