Eton Park increases liquidity, pulls back on emerging markets
By Lawrence Delevingne
Thu May 10, 2012
Eric Mindich’s firm loses founding partner Edward Misrahi and changes its lock up and side pocket terms.
Eric Mindich’s $11.8 billion hedge fund Eton Park
Capital Management is relaxing its restrictive liquidity
terms and cutting emerging market investments. Founding
partner Edward Misrahi, who led the emerging markets team, has
also left the firm.
Mindich (Photo: Bloomberg)
The firm’s flagship fund (onshore) fell 11.15% in
2011, leaving Mindich "
very disappointed." It has come back this year,
gaining 5.0% net of fees through April, but that wasn't enough
to prevent changes, especially around how quickly investors can
take out their money.
"We have been...
ISSN: 2151-1845 / CDC10004H
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