Disir
Platinum Member
- Sep 30, 2011
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The firm sent out the letter after notifying employees earlier Thursday of the decision to close.
Eton Park is the first big hedge fund to close this year. Last year, there were a number of notable hedge fund closings, including Perry Capital, which Richard C. Perry shut after years of poor performance.
Over all, 2016 was one of the worst years for hedge fund closures since the financial crisis, with hundreds of smaller funds shutting down because of poor performance, investor redemptions and increasing complaints about high fees.
In his letter, Mr. Mindich attributed the decision to close to “a combination of industry headwinds, a difficult market environment and, importantly, our own disappointing 2016 results.”
https://www.nytimes.com/2017/03/23/business/dealbook/eton-park-hedge-fund-closes.html
Imagine that.
Eton Park is the first big hedge fund to close this year. Last year, there were a number of notable hedge fund closings, including Perry Capital, which Richard C. Perry shut after years of poor performance.
Over all, 2016 was one of the worst years for hedge fund closures since the financial crisis, with hundreds of smaller funds shutting down because of poor performance, investor redemptions and increasing complaints about high fees.
In his letter, Mr. Mindich attributed the decision to close to “a combination of industry headwinds, a difficult market environment and, importantly, our own disappointing 2016 results.”
https://www.nytimes.com/2017/03/23/business/dealbook/eton-park-hedge-fund-closes.html
Imagine that.
