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One of the biggest hedge fund launches of all time is reportedly shutting down

Rachael LevyMar 23, 2017, 22:04 IST

Eton Park is reportedly shutting down.

Bloomberg News is reporting that the founder, Eric Mindich, "doesn't believe he'll be able to run a global, multi-disciplinary investment firm under current conditions," citing a person with knowledge of the matter.

Mindich's fund was considered to be one of the largest hedge fund launches when it started more than a decade ago with $3.5 billion.

The firm's flagship fund posted a 9.4% loss last year, according to a report by Institutional Investor's Steve Taub.

This is a developing story...

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