Mindich Follows Paulson Buying Fund Tracking Gold
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Eric Mindich, the former Goldman Sachs Group Inc. partner who runs $13 billion hedge fund Eton Park Capital Management LP, followed John Paulson in making gold his biggest reported investment.
Eton Park bought 6.58 million shares of SPDR Gold Shares, an exchange-traded fund that tracks the price of bullion, in the second quarter, according to a filing today with the U.S. Securities and Exchange Commission. The investment was valued at $800.3 million as of June 30, making it the hedge fund’s biggest holding.