Eric Mindich’s and Eton Park’s New Stock Picks

Eric Mindich left Goldman Sachs as Sr. Strategy Officer in 2004 to found Eton Park Capital Management. Mindich had been working at Goldman since he was in high school. He continued working there during the summers at Harvard, where he got an economics degree. He graduated summa cum laude in 1988 from Harvard with a degree in economics. When Mindich was 27, he became a the youngest partner in the history of Goldman.

Mindich found Eton Park with $3 Billion in investments. Clients had to commit at least $5 million, and that for 4½ years to avoid a 6% redemption fee. The classic 2 and 20 was also applied.

Mindich initiated positions in 13 stocks in the second quarter. Eton Park has $240 Million in iShares Emerging Markets ETF calls (EEM), $180 Million in eBay calls (EBAY), $170 Million in Apple (AAPL), $140 Million in iShares Emerging Markets ETF puts (EEM), $100 Million in Viacom (VIAB), $94 Million in Ralcorp Holdings (RAH), $90 Million in Tyco International (TYC), $64 Million in Vale calls (VALE), about $50 Million each in Huntington Ingalls (HII) and Electronic Arts (ERTS), about $40 Million each in Southern Union (SUG) and Fortune Brands (FO), and $27 Million in Cobalt International Energy (CIE).