Fink's Son's Hedge Fund Sinks

Jun 4 2012 | 2:10pm ET

It would seem that money management prowess does not necessarily run in the Fink family.

BlackRock chief Laurence Fink's son, Joshua Fink, launched Enso Capital Management in 2008. And while the once-$700 million fund has had its successes—it returned 25% in the first nine months of 2010—they have been overwhelmed by subsequent failures.

Enso's Global Fund lost 60.5% last year, the New York Post reports. And Fink fils has been unable to staunch the bleeding this year, losing a further 7% through April.

New York-based Enso, which boasts Fink's father and another BlackRock board member on its own board, has seen its assets dwindle to just $44 million. Laurence Fink and James Grosfeld, the other BlackRock director, accounted for some 15% of the fund's assets at its inception.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of