Eton Park joins U.S. bulls


Eric Mindich's firm pulls back from Europe as North American structured credit and stock picks win big.

   Eric Mindich (Photo: Bloomberg)
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