Far flung bets bleed Eton Park's 'special investments'

By Rob Copeland

Thu Oct 17, 2013



Side pocket at $10 billion firm down 8.89% this year, hurt by emerging markets.


 
   Eric Mindich
(Photo: Bloomberg)

Eton Park Capital Management stopped making illiquid "special investments" last year, but it wasn't soon enough for investors stuck in the firm's side pocket.

Eric Mindich's firm has posted an 8.89% loss in those investments this year, according to a third quarter letter to investors sent this week and obtained by Absolute Return. Eton Park blamed "quarter-end marks for two of our emerging markets" investments, without providing further detail.

Those investments are likely to be at least a year old; the firm said...

ISSN: 2151-1845 / CDC10004H

Register

By registering you will receive

  • A monthly newsletter on your specified areas of interest
  • A fortnightly update on the sector

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates


Popular Searches on HFI