Saturday, 26 July 2014
Last updated 12 hours ago
Jan 21 2014 | 12:23pm ET
Eton Park Capital Management returned more than 20% last year, with the firm crediting its investments in 21st Century Fox, among others.
The New York-based hedge fund told investors last week that it rose 22.3% in 2013, better than twice the return of the average hedge fund but short of the Standard & Poor's 500 Index, which rose 30%.
Eton Park founder Eric Mindich told investors that returns had been fueled by its investments in Fox, cable company Liberty Global and retailer Dollar Tree, as well as bets on collateralized debt obligations and residential mortgage-backed securities. Mindich said he has sold off his shares of Fox, Liberty and Dollar Tree, as well as Chipotle, Priceline and Ralph Lauren, but holds several stocks—Sotheby's, Marathon Petroleum and Spirit Aerosystems among them—that he is bullish on.
"We feel very good about the strength of our investment engine across all areas of our business," Mindich wrote.
Eton Park has $10 billion in assets under management.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…