Hes got no known hobbies, but hes a terrific guy. Hedge-Fund Investor: Hes turning Sears into the next Berkshire Hathaway. Eric Mindich net worth 2023, age, height, wife, girlfriend, kids, biography, wiki. THP collaborates with leading experts to produce evidence-based policy proposals that foster prosperity through broad-based, sustainable economic growth. In 2007, he raised half a billion dollars for a private equity fund that will invest in developing countries like Brazil and Mexico. Huge philanthropist to boot, donating more than $200 million in 2005. Mindich didn't stick around long to enjoy the spoils, though. Apply to join the directory. Mindich's claim to fame is being the youngest person, at age 27, to make partner at Goldman Sachs (GS) in 1994. He later suffered considerable losses in 2016, prompting him to close his business in 2017. Eric M. Mindich is the Founder of Everblue Management. One of many top hedge-fund managers to come out of Goldman Sachs, Perry is pals with Eddie Lampert. Disclosure: I do not own shares in any of the companies listed in this article, and do not expect to buy any in the next 72 hours. Mindich was the toast of Wall Street when he raised $3 billion to launch his new hedge fund company. Do Not Sell or Share My Personal Information. (Investors had to agree to tie up a minimum of $5 million for four-and-a-half years, or face a hefty6 percentearly withdrawal penalty.) He joined Goldman Sachs in 1988 in the equities arbitrage department. For alternative investments, it put its money into derivatives, residential and commercial mortgage-backed securities as well as other securities with asset-backing and collateralized debt instruments, mainly in emerging markets. In 2002, he became a member of the firms management committee and, a year later, moved to the executive office as the senior strategy officer. Terms of Service apply. Stepped back from active management to focus on biomolecular research, but still takes home the biggest paycheck, an estimated $500 million in 2005. A caveat, to begin: as hedge fund operators, Mindich and Eton Park are not required to file regulatory reports on their performance. Eric has had a number of successful business initiatives, and he is gaining prominence. Gurus may be added or dropped from the GuruFocus site at any time. In addition, he was a member of the Phoenix SK Club at the same university. (adsbygoogle=window.adsbygoogle||[]).push({}); Winifred E. Lefferts estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below. Bruce Kovner. Most successful of Julian Robertsons Tiger Cubs. One of his best picks of late has been Google. He just hired Larry Summers off the beach after Harvard. Young Buck: One of the largest hedge funds in the world at the moment, isnt it?, Clifford AsnessAQR Capital ManagementSize: $9.5 billionStyle: Quantitative investorLocation: Greenwich, Conn. Those listed include: According to Bloomberg, the firm uses fundamental analysis to create its portfolios within those strategic categories. If there were a high philosopher of hedge funds, Ray Dalio would want to be that man. Old Hand: Clearly the dean of short sellers. "Company Overview of Eton Park Capital Management, L.P.", "Hedge fund Eton Park gains in February as currency bets help", "Mindich Opening $3.5 Billion Hedge Fund", "Eton Park Capital Management - Investor Profile", Taxation of private equity and hedge funds, Alternative investment management companies, https://en.wikipedia.org/w/index.php?title=Eton_Park_Capital_Management&oldid=1046865655, Financial services companies established in 2004, Financial services companies disestablished in 2017, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 27 September 2021, at 20:13. The Project released new discussion papers and hosted panel discussions on housing and credit markets. I think they bought 25 percent or so., Ray DalioBridgewater AssociatesSize: $30.2 billionStyle: Quantitative investorLocation: Westport, Conn. An average annual return that brought in less than double-digit returns over 13 years is not the kind of result pension and mutual fund managers can live with for long. Called Enron early, and made Fortunes Bethany McLean a star by telling her. Thirteen years later, he is shutting down Eton Park Capital Management, which at the end of 2016 had only $7 billion in assets. . He is, however, married to Stacey Mindich, a former Town and Country senior editor. Is building what could be the great contemporary-art collection of our time. Eton Park Capital, managed by Eric Mindich, has disclosed a new passive stake in Armstrong World Industries Inc. (NYSE:AWI). Eton Park, a global multi-strategy investment firm, at its 2004 founding was then the largest startup fund in history and had peak assets of over $14 billion. Side job as venture capitalist with investments in Friendster, Facebook, and LinkedIn. Shaw & Co. He even managed to get Goldman Sachs to provide part of that capital. Money goes out of your paycheck every two weeks and into Elon Musk's net worth. (Bloomberg), Theres an argument for elite colleges and universities to move to a lottery system for admissions. He is known for his partnership with Goldman Sachs at the early age of 27, thus becoming the youngest partner in the firms history, which was a major feat. Furthermore, presently he and his wife Stacey are on a foundation, Mindich Family Foundation, which, in 2018, the tax fillings report shows that the foundation awarded grants worth $1.6 million. The Far Right Is Roiled by an Underage-Sex Scandal. The Mindich Family Foundation does not provide a clear avenue of contact,but below is an address: Want to get inside funders' heads? But a lot of people are puzzled by a somewhat soft performance last year. Hedge-Fund Investor: Theyve brought in AMG as an investor. Prior to forming Eton Park in 2004, Eric spent 15 years at Goldman Sachs in two main roles: leading the Equities Arbitrage business and managing the Equities Division. Enjoy a 7-Day Free Trial Thru Apr 25, 2023! related posts. Julian Robertson. Banks are laying off compliance professionals. [1] Eton Park had offices in New York City, London, and Hong Kong. He's also a trustee of Mount Sinai, where he sits alongside his former mentor Bob Rubin as well as Leon Black, Henry Kravis, and Carl Icahn, among others. The Potential 2023 WGA Strike for Dummies. Eric has made very successful ventures in business so far, and he continues to gain recognition. She is Senior Vice President of the Adler Group, a multi-generational family business, and President of the Jewish Communal Fund. The firm is privately owned and controlled by Mindich. According to a Bloomberg profile, Eton Park invests in public equity, fixed income and alternative markets. About UsContact UsConsultants DirectoryFAQ & HelpTerms of UsePrivacy Policy, Individual Subscriptions Multi-User Subscriptions , The Raymond M. Alf Museum of Paleontology. Hey Circle! Five are hedge-fund managers themselves. Ran the junk-bond desk at Goldman. Although the precise amount is unknown. This was an exceptional achievement at the time. Eric has made a lot of money through his endeavors in business and the corporate sector. [3], On March 23, 2017, Mindich announced the fund would shut down after incurring a 10% loss in 2016.[6]. Known as much for his writing as his investing. While undoubtedly possessed of a bright mind, Mindich was also paid to apprentice in the financial industry at one of the highest-flying firms. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Mindich Family Foundation grantees have included American Cancer Society, Whitehead Mindfulness Initiative, and Memorial Sloan Kettering Cancer Center. Read More: Ximena Crdoba, Sapphire Nicole Howell, Natalie Knepp, Caroline Gregory. Libertarian who founded the Stanford Review. Eric Mindich was born on the 29th of August, 1967. They pulled an all-nighter to give lip service to global warming. Reputation & Background None of them show up in what follows, however, as theyve got nothing left to prove. He built Long Island golf course the Links at Shirley. This email will be used to sign into all New York sites. Furthermore, he and his wife Stacey are currently on the board of the Mindich Family Foundation, which awarded donations totaling $1.6 million in 2018, according to the tax filings report. Let's check, How Rich is, Ward Melville estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below. Language links are at the top of the page across from the title. This password will be used to sign into all. He changed history. (HFMWeek), Big banks and Silicon Valley have been waging a war for talent for a while, but now theyre engaged in an escalating battle over your personal financial data. We wish him the best. Mindich is on the board of the Lincoln Center Theater, the Whitney Museum, and Horace Mann. We might therefore assume that Eric has a sizable net worth. Mindich graduated summa cum laude from Harvard in 1988 and set off on the fast track at Goldman Sachs before the ink was dry on his diploma. Password must be at least 8 characters and contain: As part of your account, youll receive occasional updates and offers from New York, which you can opt out of anytime. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Co-founded PayPal. At 27, he became the youngest partner in the history of the firm. Marie WilkenPhone: (202) 540-7738mwilken@brookings.edu. Eton Park Capital Management was an investment firm. From 2004 to 2017, he was Chief Executive Officer and Founder of Eton Park Capital Management. Hedge-Fund Investor: He left Lazard high and dry. He also happens to be an awesome energy trader., Eric Mindich Eton Park CapitalSize: $6.2 billion Style: TraderLocation: ManhattanYoungest partner in the history of Goldman. 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