2009-03-28

Eric Mindich's Eton Park goes long gold

After Bill Fleckenstein, David Einhorn and John Paulson (I am not even mentioning long time gold bulls like Marc Faber, Jim Rogers, Peter Schiff or Gerald Celente), yet another legendary hedge fund manager is going long gold on a major way. From a post on MarketFolly:
Mindich received an Economics degree from Harvard and then worked at Goldman Sachs' risk-arbitrage desk. After becoming the youngest partner in the history of Goldman Sachs at the age of 27, it was clear he had a bright future. In 2004, he started his hedge fund Eton Park Capital
[...]
Top 20 Holdings (by % of portfolio)
  1. iShares Emerging Markets (EEM) Calls: 9.37% of portfolio
  2. Wells Fargo (WFC) Puts: 8.38% of portfolio
  3. SPDR Gold (GLD) Calls: 7.64% of portfolio
  4. SPDR Gold (GLD): 7.11% of portfolio

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