Eric Mindich
Eric Mindich | |
---|---|
Eric Mindich at the World Economic Forum annual meeting in Davos, 2010 | |
Born | 1967 (age 49–50) |
Nationality | American |
Education | Harvard University (B.A.) |
Occupation | Chief Executive Officer and Founder, Eton Park Capital Management |
Eric Mindich (born 1967) is an American hedge fund manager and the Chief Executive Officer and Founder of hedge fund Eton Park Capital Management. Mindich graduated from Harvard, where he was a member of the Phoenix S.K. Club, in 1988 with a B.A. in economics.[1]
Career
Goldman Sachs
Mindich began working at Goldman Sachs after high school, and spent summers at the firm while earning a degree in economics at Harvard College.[2] He joined Goldman Sachs in 1988 and spent 15 years at the firm in two main roles: leading the firm’s equities risk arbitrage business and managing the firm’s equities division.[1] In 1994, at age 27, he became the youngest partner in the history of the firm.[1][3] He led the equities arbitrage department from 1992 until 2000.[1] In 2000, he became co-chief operating officer of the equities division and in 2002 became co-head of the equities division and a member of the Goldman Sachs Management Committee.[1] In 2003, Mindich joined the Executive Office as senior strategy officer and chair of the Firmwide Strategy Committee.[1][4]
Eton Park
In late 2004, Mindich left Goldman to launch his own hedge fund, named Eton Park Capital Management, a global, multi-disciplinary investment firm and one of the largest fund launches in history at $3.5 billion.[5][6] Assets of the firm peaked in 2011 at $14 billion.[7][8] On March 23, 2017, Mindich announced Eton Park Capital Management would be shutting down after losing 9.4 percent in 2016.[9]
Since inception Eton Park averaged annual returns of 9.4 percent.[10]
Philanthropy
Mindich serves as President of the Lincoln Center Theater Board of Directors, and as a trustee of The Mount Sinai Medical Center, Inc., The Horace Mann School, and The Andrew W. Mellon Foundation.[11]
References
- 1 2 3 4 5 6 "Advisory Council Eric Mindich". The Hamilton Project. Retrieved March 26, 2015.
- ↑ Heidi N. Moore (December 8, 2009). "Meet Jan Sramek, the 22-Year-Old Goldman Sachs Trader in Charge of Millions". New York (magazine).
- ↑ Courtney Comstock (November 19, 2010). "No One Took Eric Mindich's Crown - He's Still The Youngest Person Ever To Be Named Goldman Partner". Business Insider.
- ↑ "Eton Park Capital Management". Hedge Fund Letters. Archived from the original on September 20, 2014. Retrieved December 5, 2014.
- ↑ Svea Herbst-Bayliss (March 5, 2015). "Hedge fund Eton Park gains in February as currency bets help". Reuters.
- ↑ Roderick Boyd (November 2, 2004). "Mindich Opening $3.5 Billion Hedge Fund". The New York Sun.
- ↑ "Company Overview of Eton Park Capital Management, L.P.". Bloomberg Business. March 28, 2015.
- ↑ "Once golden, Robert Rubin's hedge fund proteges lose some luster". Retrieved 2017-03-28.
- ↑ "Eric Mindich’s Eton Park Hedge Fund to Close Down". Wall Street Journal. March 23, 2017.
- ↑ "Hedge Fund Eton Park Is Shutting Down After a Decade". Bloomberg.com. 2017-03-23. Retrieved 2017-03-23.
- ↑ "About Trustees". Andrew W. Mellon Foundation. Retrieved March 28, 2015.