Hedge Funds

Eton Park starts with $3.5 Billion

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Eric Mindich's Eton Park Capital has amassed some $3.5 billion out of the gate, making it one of the most significant hedge fund launches of late.

The multistrategy fund, run by the former Goldman Sachs partner, is made up of a variety of sub-styles including distressed debt, stat arb and capital structure arbitrage.

What also makes the startup highly notable is the lengthy three-year lock-up investors are being asked to accept. In fact, a second share class will have an even lengthier lock-up period, an unprecedented four and a half years.

Mindich, now 36, was 27 when he became