Eric Mindich Eton Park Capital Size: $6.2 billion Style: ... “It’s too soon to tell with Mindich. But his flagship hedge fund fell 9.4 percent in 2016 and eked out just a 0.5 percent gain in the first two months of this year. In the early aughts, Mindich looked to be just the kind of connection Harvard needed to exploit. Last September the multistrategy firm, including OZ Africa Management, agreed to pay $413 million to settle the charges. In March, Mindich said he was closing his fund. Faced with a growing investor revolt over lousy performance, Mindich’s $11 billion Eton Park … At the same time, Harvard is trying to sell about $2.5 billion in private equity, real estate and venture-capital funds. Stacey Mindich is a two-time Tony Award-winning Broadway producer, a recipient of the 2016 Robert Whitehead Award for Excellence in Commercial Producing and winner of the 2018 Grammy Award as a producer for Best Musical Theater Album. View Eric Mindich’s profile on LinkedIn, the world’s largest professional community.  Tom Fox/MBR Legendary oil tycoon T. Boone Pickens is closing his hedge fund, saying oil trading has lost its luster. T. Boone Pickens earned much of his wealth in energy futures after turning 75. On Wednesday, Edward Lampert’s ESL Investments suffered a near-death blow when its biggest investment, Sears Holdings Corp., warned that the survival of its disastrous-performing Sears and Kmart stores is in doubt. It’s a stunning reversal of fortune for Mindich, who raised a whopping $3.5 billion when he launched his firm in 2004 and had produced years of solid gains. By contrast, Harvard built its hedge fund strategy around star portfolio managers, many of whom had worked for the endowment in the 1990s. Narvekar, who started in December after more than a decade running Columbia University’s top-performing fund, plans to slash Harvard’s 230-person staff in half by the end of this year and shift more assets to outside fund managers. Harvard has invested in New York hedge fund Element Capital Management, according to a person familiar with the matter. “It shouldn’t matter what relationship a money manager has to the university.”. Hedge-fund wunderkind Eric Mindich has blinked. The Eric M. Mindich Research Fund for the Foundations of Human Behavior provided funding to acquire the data used in this study. The redemption illustrates Harvard’s commitment to an overhaul of its $35.7 billion endowment, the largest in higher education. Meanwhile, last year Leon Cooperman and his New York firm Omega Advisors were accused by the Securities and Exchange Commission of trading with insider information and other securities transgressions. Harvard’s initial stake helped Mindich raise $3.5 billion in 2004, the biggest hedge fund startup ever at the time. For the past 17 years, Eric Mindich has held an impressive record at Goldman Sachs.He’s the youngest person ever to be named Partner. What’s Going On with the Ex-Goldman Guys? In his first six months, Narvekar has sought to unload a number of investments, from private equity to real estate to natural resources. ... and LinkedIn. The Eton Park founder, at one time the youngest Goldman partner ever, is the latest alumnus of the storied investment bank to face problems at a hedge fund business. He had spent 11 years at Goldman, becoming a partner in 1998. Like many of its rivals, Harvard has long sought to reap rewards from its gold-plated Rolodex, including the money managers among its directors, employees and donors. Eric Mindich founded Eton Park Capital in 2004 after spending 15 years at Goldman Sachs, where he cut his professional teeth in equities risk arbitrage and equities division management. The outsiders, working with staffers who survived the purge, have been scouring the portfolio, looking for funds they don’t like, as well as discovering new ones that look more promising, according to people close to the endowment. Today, this Tony and Grammy Award ®-winning musical has productions on Broadway, on tour across America, and around the globe. Harvard’s stake in Kleiner Perkins Caufield & Byers has been on a list distributed to potential buyers, and Harvard is asking those interested for commitments by the end of its fiscal year on June 30, according to a person close to the endowment. Eric Mindich, a former star trader at Goldman Sachs Group Inc., has succeeded in launching a hedge fund sized at more than $3 billion, one of the largest start-up funds on record. The Wall Street Journal reported earlier Tuesday the possible sale of interests in Kleiner Perkins, KKR’s pending offer and the Element investment. If you're happy with cookies click proceed. He started big, but his recent results haven’t been great. Assets under management slipped to around $7 billion. Harvard has already started liquidating its internally run portfolio of stock-and-bond hedge funds that was supervised by managing director Rene Canezin, a former Barclays Capital and Lehman Brothers high-yield bond trader. This content is from: But over the past year, Och, Perry and other Goldman alumni have run into turbulence. Eric Mindich's $10 billion Eton Park Capital Management is acquiring the portfolio of debt-oriented hedge fund R6 Capital Management and hiring the firm's executives. Mindich As of two days ago, Eric Mindich still holds the record of the youngest person ever to be named Partner at Goldman Sachs. Zachary has 4 jobs listed on their profile. Dear Evan Hansen was born out of a now long-ago lunch with two young composers brimming with talent and a singular idea to create an original musical.