Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Eton Park Lowers Fee, Launches More Liquid Share Class

Nov 21, 2013
Jing Chen

Eton Park Capital Management is planning to lower its management fee and create a more liquid share class.

Reuters reported that investor demands prompted New York-based Eton Park, which is one of the year’s top performing hedge funds, to lower its management fee from its current 2% to 1.5%, effective January 1.

The firm will also launch a new share class that will allow investors to liquidate their investments within four quarters, instead of the current seven.

Separately, two partners – Isaac Corre and Josh Astrof—are leaving Eton Park next year for undisclosed reasons, according to an eVestment report.

Former Goldman Sachs star trader Eric Mindich launched Eton Park with $3 billion in 2004 – one of the largest in hedge fund history. It currently manages approximately $10 billion in assets.

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