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


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

  Eric Mindich of Eton Park Capital Management
   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