Eton Park faces first redemption period

Wed Nov 1, 2006



Eton Park Capital Management has just finished fielding the first round of redemption requests for its $5.5 billion multistrategy fund. The deadline for redemption notification was in late October, and the firm is understood to have received a number of inquiries from investors about the firm's lackluster performance and recent news that a couple of key executives are departing the firm.

Investors who decide to stay in Eton Park will see their capital automatically locked in for another three years....

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