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Topic: Eric Mindich


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In the News (Fri 25 Dec 09)

  
 Ex-Goldman star Mindich launches $3bn hedge fund | Financial News   (Site not responding. Last check: 2007-11-04)
Eric Mindich, a former star Goldman Sachs trader, has succeeded in launching a hedge fund of more than $3bn (€2.3bn), one of the largest start-up funds on record.
Mindich, a Harvard graduate, is a former director of the endowment's governing board.
Mindich plans to invest as much as 70% of Eton Park's money in traditional equity strategies involving both purchases and "shorting" - or the sale of borrowed stock in a bet the stock price will decline.
www.chanahn.org /portal/node/263/print   (325 words)

  
 Stock Market Message Board Wall Street Hates Most
Mindich, a former Wall Street boy wonder, is the latest sign that the appetite for hedge funds on the part of large institutions -- like university endowments, pension plans and charities, as well as wealthy investors -- continues to grow.
Mindich's investors had to invest at least $5 million to get into the fund, and will pay an annual management fee of 2% to be part of Eton Park, higher than the usual requirements, in addition to handing over 20% of any investment profits.
Mindich is the growing view that stocks and bonds aren't cheap and therefore are unlikely to turn in big gains in coming years, forcing large investors to search for types of investments that can still generate double-digit gains.
www.capitalstool.com /forums/index.php?showtopic=6557   (1702 words)

  
 Eric Mindich - Wikipedia, the free encyclopedia
Two years ago, Mindich became one of Goldman's top executives.
Mindich's investors also had to invest at least $5 million to get into the fund and pay fees of "2 and 20," or an annual management fee of 2% plus 20% of all profits.
Mindich has assured his investors that he will range wide to produce big returns, including Latin American, Eastern European and South African markets.
en.wikipedia.org /wiki/Eric_Mindich   (421 words)

  
 DealBreaker.com
Mindich got elected partner in 1994 when he was only 26, and yes, jaws dropped around the Firm at
Eric Mindich holds the "youngest Goldman partner ever" record.
Mindich got elected partner in 1994 when he was only 26, and yes, jaws dropped around the Firm at the time, I remember the announcement well.
www.dealbreaker.com /2006/05/post_11.html   (385 words)

  
 Forbes.com: Goldman says youngest partner ever to retire - at 36   (Site not responding. Last check: 2007-11-04)
NEW YORK (Reuters) - Eric Mindich, the senior strategy officer at Goldman Sachs Group who became the firm's youngest ever partner in 1994, will retire at the end of this year, according to an internal memo.
Mindich is credited with helping shape the firm's equities business during the late 1990s market boom.
In January 2003, Mindich became the firm's senior strategy officer and chairman of the firm's global strategy committee.
www.forbes.com /newswire/2003/09/15/rtr1081952.html   (315 words)

  
 The Eton Park Secret - Dec 2005 Holdings Report | Hedgeinsider   (Site not responding. Last check: 2007-11-04)
Eric Mindich made a lot of headlines in late 2004 when he raised $3.5 billion to start a new fund.
Mindich was a protégé of Bob Rubin at Goldman Sachs, and he went on to become the fabled bank’s youngest partner ever at age 27 because of his trading prowess.
Mindich’s group made hundreds of millions of dollars each year at Goldman, till Mindich left for upper management.
www.hedgeinsider.com /?q=node/32&PHPSESSID=fccfa283721299e8bd11027ba9fb5a15   (338 words)

  
 The Harvard Crimson :: News :: Community BRIEFS   (Site not responding. Last check: 2007-11-04)
Eric M. Mindich '88, a risk arbitrage specialist in the investment firm's equity division in New York, graduated summa cum laude with a degree in economics.
During his undergraduate years, Mindich was a resident of Lowell House, where he was a member of the house committee.
Even though most of that income will be reinvested in the firm until Mindich's retirement, he will likely still make a salary of hundreds of thousands of dollars plus interest on his stake in the company.
www.thecrimson.com /printerfriendly.aspx?ref=224983   (234 words)

  
 Eric Mindich, el broker revelación de los 90, vuelve a la élite   (Site not responding. Last check: 2007-11-04)
Eric Mindich, el broker revelación de la década de los 90, tras convertirse en el partner más joven de la historia de Goldman Sachs, ha vuelto a las primeras páginas de los grandes periódicos económicos internacionales.
Mindich va a lanzar antes de octubre un hedge fund, que será denominado "Eton Park", que espera alcanzar unas inversiones superiores a 3.000 millones de dólares.
Mindich ha fichado para su proyecto a Stuart Hendel, ex director de operaciones de Morgan Stanley, Erland Karlsson, de Goldman Sachs, e Isaac Corre, de Scoggin Capital.
www.americaeconomica.com /numeros4/272/noticias/blminduchlu.htm   (172 words)

  
 Nation of suckers 
Inside sat Eric Mindich, a 37-year-old former Goldman Sachs hotshot with no hedge-fund experience.  According to two people who were there, Mr.
Mindich didn’t divulge details about his trading strategy and acknowledged he hadn’t managed money for several years.
Mindich launched his fund, Eton Park Capital Management, with more than $3 billion in assets committed by investors.
homepage.mac.com /machiavel/iblog/B1072909446/C458319153/E222259993/index.html   (205 words)

  
 Bloomberg.com: News & Commentary   (Site not responding. Last check: 2007-11-04)
The Wall Street Journal ran a front-page profile last week of Eric Mindich, a graduate of Goldman Sachs's vaunted risk- arbitrage desk and founder of Eton Park Capital Management, a new hedge fund that holds the distinction of opening its doors with a record $3 billion.
While Mindich has all the right pedigrees and sounds like a superstar if there ever was one, something about the article, about investors' blind faith, reminded me of a time not too long ago when another group of proven money-makers brought the financial system to the brink.
Mindich didn't divulge details about his trading strategy,'' the Journal says, which in no way deterred investors from signing up.
www.bloomberg.com /apps/news?pid=email_us&refer=columnist_baum&sid=a_tzupZUvRUw   (754 words)

  
 Hedge Fund Lounge - Former Morgan Stanley Director hired as COO of new fund
Eric Mindich, formerly a partner at Goldman Sachs, has recruited Hendel.
Hendel is to serve as the chief operating officer of Mindich’s new global investment management firm.
According to published reports, the new asset management firm will be launching a multistrategy hedge fund at an unspecified period sometime during 2004.
www.hedgefundlounge.com /content/view/111/9   (236 words)

  
 Harvard Gazette: Psychology of economics
The Eric M. Mindich Conference on Experimental Social Science demonstrated how methods from psychology and economics can combine to achieve common research goals.
The much-touted concept of "interdisciplinary collaboration" was more than a concept last week at the Eric M. Mindich Conference on Experimental Social Science.
Titled "Action Research in Psychology and Economics," the conference - held at the Harvard Law School on Friday and Saturday (March 4 and 5) - was the first major event to be sponsored by Harvard's new Institute for Quantitative Social Science.
www.news.harvard.edu /gazette/2005/03.10/09-econ.html   (1016 words)

  
 Top Goldman Exec to Retire
Philip Murphy, co-head of Goldman's investment management unit who worked at the firm for 21 years, will retire at the end of the firm's fiscal year Nov. 30, according to an internal memo obtained by Reuters and confirmed by Goldman.
Notice of Murphy's departure comes one week after a similar memo announced that Eric Mindich would retire.
Mindich, the chief strategy officer, became Goldman's youngest-ever partner at the age of 27, and is retiring at 36.
www.nysscpa.org /home/2003/0903/4week/article12.htm   (148 words)

  
 Eric Mindich, the highly touted former Goldman Sachs partner, had started his own hedge fund firm in the midst of much ...   (Site not responding. Last check: 2007-11-04)
Eric Mindich, the highly touted former Goldman Sachs partner, had started his own hedge fund firm in the midst of much fanfare.
Eric Mindich, the highly touted former Goldman Sachs partner, had started his own hedge fund firm in the midst of much fanfare.(One Year Ago In Alternative Investment News)
Eric Mindich, the highly touted former Goldman Sachs partner,...
www.accessmylibrary.com.cob-web.org:8888 /coms2/summary_0286-9551591_ITM   (146 words)

  
 Market Buzz about Eton Park Hedge Fund | Toomre Capital Markets LLC
The market is abuzz, though, about why such a senior executive might leave the hedge fund started by former Goldman Sachs whiz kid Eric Mindich.
Mindich has lost four of his staffers, including Scott Prince, his head of trading and derivatives; his chief risk officer, Chris Perez; and his chief European derivatives trader, Nagi Bedwani."
Mindich to Eton Park investors indicated that Marcy Engel, Eton Park’s general counsel and chief complaince officer, would take over Mr.
www.toomre.com /EtonParkCOO   (909 words)

  
 Doogie Does Retirement How do you top being Goldman Sachs's youngest partner ever? Pack it in at age 36. - November 10, ...
Mindich is said to be one of the sharpest knives in the drawer down at Goldman, and you'd better believe he worked his butt off for those 15 years.
Mindich continued to move up Goldman's ranks, becoming co-head of the equities division in 2002 and joining the firm's management committee.
Mindich says he has the desire to run his own show and wants to spend more time with his family.
money.cnn.com /magazines/fortune/fortune_archive/2003/11/10/352858/index.htm   (1023 words)

  
 Wall Street's New Raiders
Late last year, for example, Eric Mindich got $3 billion for his new hedge fund, a record start-up launch.
The former Goldman Sachs star was able to impose investor lockup provisions and early withdrawal penalties that were previously unheard of in the hedge fund world.
About one-third of the Mindich fund's strategy is supposed to be straight-up private equity, further blurring the line between trader and owner.
www.thestreet.com /_tscrss/markets/hedgefunds/10235843_3.html   (384 words)

  
 ::: Hedgeco Breaking News - New Eton Park Hedge fund opens with $3.5 billion :::
The new fund, Eton Park Capital Management LP, was put together by former Goldman Sachs partner Eric Mindich, who at age 27 was made Goldman’s youngest partner.
In 1994, Mindich became the co-head of Goldman’s equities division.
Mindich quit Goldman Sachs recently, taking with him a number of his colleagues for the purpose of establishing a new hedge fund management firm.
www.hedgeco.net /news/11/2004/new-eton-park-hedge-fund-opens-with-3.5-billion.html   (1223 words)

  
 ::: Hedgeco Breaking News - Mindich’s Hedge Fund to allocate 30% to private equity :::
WEST PALM BEACH, FL (HEDGECO.NET) - Eric Mindich, former Goldman Sach’s manager is gearing up to launch his new hedge fund.
This equity allocation has been described as high; one manager said, "No one else has come to market and advertised 30% of capital in seriously illiquid instruments.” Generally, most equity allocations are in the range of 10-20%, most hedge fund market analysts think.
The new Mindich hedge fund is to be launched October 1 and the firm is still putting the fund together.
www.hedgeco.net /news_story.php?id=2661&flag=2   (1244 words)

  
 Main Event for Goldman's Terry Jones
Last year, Eric Mindich, a former Goldman Sachs' partner who ran the firm's risk arbitrage desk, lined up $3 billion for his Eton Park fund's launch.
Other examples of ex-Goldman success stories include David Tepper, the former head of junk bond trading at Goldman, who launched Appaloosa Partners, and Leon Cooperman, who prior to founding Omega Advisors spent 25 years at Goldman Sachs, where he was chairman and CEO of Goldman's asset management division.
And while Goldman seeded Mindich's Eton Park, it is unclear whether Jones will benefit from the same support.
www.thestreet.com /_cnet/markets/emmatrincal/10246988.html?cm_ven=CNET&cm_cat=FREE&cm_ite=NA   (360 words)

  
 SkyRank System of Hedge Fund Ratings
About a third of that $9 million is tied up in Integro Ltd., a New York insurance-brokerage firm, and the rest is waiting for better opportunities, says Jefferson Kirby, the fund's manager.
Eric Mindich, the former Goldman Sachs investment whiz who caused a stir last year by starting a $3 billion hedge fund called Eton Park Capital Management, also allocated up to 30% toward side-pocket investments.
Unless hedge-fund agreements have strict continuing limits, investors risk having disproportionately big shares of their investments tied up in private equities that can't be easily cashed out.
www.skyfundllc.com /f2.p10.html   (1174 words)

  
 SI - readmsg.aspx msgid=21923873
With the rise of the hedge-fund industry, more and more people are bolting every Wall Street institution to start their own shops, in pursuit of “2 and 20”—shorthand for customary hedge-fund fees of 2 percent of assets under management and 20 percent of any upside.
In 1994, Mindich became the youngest partner in the firm’s history, although rumors swirl that he had fallen out of favor owing to the problematic acquisition of New York Stock Exchange specialist firm Spear, Leeds and Kellogg for $6.5 billion in 2000.
In any case, Mindich is only the latest in a long list of Goldman defectors lured away by the possibility of making substantially more money on their own.
www.siliconinvestor.com /readmsg.aspx?msgid=21923873   (3707 words)

  
 Forums - Eton Park Hedge Fund Opens With $3.5 Billion, People Say
Mindich, 36, left Goldman in July to start Eton Park with former Goldman colleagues.
He was made the firm's youngest partner in 1994 when he was 27, and was co-head of the equities division when he left Goldman.
Erland Karlsson, former co-head of Goldman's principal strategies department, will be chief executive officer of Eton Park International, according to the marketing document.
www.elitetrader.com /vb/showthread.php?threadid=40606&goto=nextoldest   (1034 words)

  
 law.com - Article
Some of Wall Street's biggest stars, such as former Goldman Sachs partner Eric Mindich, have recently formed their own multibillion-dollar funds.
Although hedge funds are grabbing headlines, they may not be the golden fee opportunity the hype suggests.
Only 6 or 7 percent of the $1 trillion of hedge fund assets are in investments that cannot be easily converted into cash, estimates Eric Weber, principal and COO of Freeman & Co. LLC, a New York management consulting firm.
www.law.com /jsp/article.jsp?id=1143557269277   (2662 words)

  
 Out Takes. - Journal, Magazine, Article, Periodical
Singh spent his entire career at Goldman and was considered a rising star at the firm.
His departure follows that of Eric Mindich earlier this year, another Goldman managing director (and former co-head of equities) who also left to set up his own hedge fund, which is expected to launch in October.
Like Mindich, Singh was one of the youngest staffers ever to make partner, and he is also seeking to raise $3 billion for his fund.
goliath.ecnext.com /coms2/summary_0198-74685_ITM   (264 words)

  
 Breeden Hopes to Win the Name Game
The traditional hedge fund crowd wants to see an investment track record when it comes to giving capital to a new manager.
That explains how Eric Mindich, who ran Goldman Sachs' acclaimed risk-arbitrage desk, raised $3 billion at launch last year.
It could also explain why Jack Meyer, the former chief investment officer of Harvard University, should have no problem with his new hedge fund.
www.thestreet.com /_tscrss/markets/emmatrincal/10246147.html   (394 words)

  
 Bloomberg.com: U.S.
Hedge funds typically charge customers an annual management fee of about 2 percent and take a 20 percent cut of any profits.
Eric Mindich, 38, formerly co-head of equities at Goldman Sachs Group Inc., took in $3.5 billion in 2004 for New York-based Eton Park Capital Management LP.
Meyer, 60, who outperformed the Standard and Poor's 500 Index during the past decade while at Harvard, collected a record $6 billion for his new fund.
quote.bloomberg.com /apps/news?pid=10000103&sid=a6OO5m6r.VVw&refer=news_index   (588 words)

  
 [No title]
Still, it's not the 20% to 30% some hedge funds have promised investors with a wink and a nod.
And perhaps those returns weren't even that rosy once Mindich took his fees.
The point is that Hendel isn't the only one going back to the mother ship, he's just one of the most high profile to go back.
www.marketwatch.com /news/story/story.aspx?guid={9FFBD462-4744-486D-AAB8-38C307C6DCB4}&dist=rss   (1130 words)

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