Eton Park Up 22.3%

Jan 21 2014 | 1:23pm 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.


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