Eton Park Gains 3.7% in February on Currency, Equity Moves

Mar 6 2015 | 10:22am ET

Multi-strategy hedge fund Eton Park returned 3.7% in February.

Founded in 2004 by former Goldman Sachs partner Eric Mindich, the fund profited from short positions against the yen and euro, a bet on Priceline Group and new positions in Asian companies, according to an investor in the fund and media reports. One position, Japan's Meiji Holdings, has risen 22% so far this year.

The fund is now up 4.8% year to date, well ahead of the average hedge fund return of 1.8% as tracked by Hedge Fund Research. It posted a gain of 6.4% in 2014 after rising 22% in 2013.

Mindich is reportedly looking for new opportunities in Japan and continues to look at the energy sector for potential bargains. He exited the Priceline position in February.

New York-based Eton Park has around $9 billion in assets under management and counts large institutional investors and pension funds as clients.

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