Eton Park joins U.S. bulls
October 16, 2012
Eric Mindich's firm pulls back from Europe as North American structured credit and stock picks win big.
Eton Park Capital Management, Eric Mindich's $11 billion, 149-person multistrategy hedge fund firm, is betting that America is the best place to invest.The flagship Eton Park Fund now has 57% of its portfolio in U.S. investments, a significantly higher allocation than it has been for years, according to a third quarter performance summary letter sent to investors Monday. "The increase in our U.S. portfolio is primarily a result of our views that the U.S. markets benefit from several factors including i) greater political and economic stability, ii) a higher level of transactional activity, iii) more pure play companies that...
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