Tuesday, 30 September 2014
Last updated 9 hours ago
Nov 19 2007 | 3:19pm ET
Like many hedge funds, Eton Park Capital Management is branching out into credit investing. But it isn’t starting from scratch.
The $10 billion New York-based hedge fund manager is absorbing R6 Capital Management, a $300 million New York distressed debt and lending hedge fund shop. R6 has sold its portfolio to Eton Park and will close, while founder Ralph Rosenberg and his team will join Eton Park. Rosenberg and Eton Park founder Eric Mindich worked together at Goldman Sachs.
R6’s fund is reportedly up 5% this year, as it capitalized on the credit crunch by betting against the fixed-income markets.
Eton Park does not focus on debt investing, and R6 had found it difficult to raise capital for its hedge fund. The deal will allow Rosenberg to use Eton Park’s infrastructure to boost the amount of money he runs in his strategy.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...