Eton Park Capital Management

Eric Mindich announced the firm’s closure in March 2017, citing a challenging environment for multi-strategy hedge funds and his desire to manage a family office instead. External capital was returned to investors in an orderly, full redemption process later that year. At the time of the announcement, Eton Park managed roughly $7 billion, down from a peak of around $13 billion (per a letter to investors, March 2017).

The firm operated as a global, multi-strategy platform covering long/short equity, distressed credit, merger arbitrage, and private investments. Its structure allowed it to move between liquid public-market positions and longer-dated private commitments. Geographically, Eton Park invested across North America, Europe, and Asia, with significant activity in US and Western European special situations.

The firm’s 2004 launch drew capital from an institutional anchor group that included Goldman Sachs’s asset management arm, Harvard Management Company, and the Blackstone Group. This blue-chip syndicate provided a capital base that allowed Mindich to build infrastructure and hire a large team immediately, rather than scaling incrementally.