Activist stock pickers try to personally intervene in company affairs. We wish him well. Age, Height, and Weight Being born on 28 January 1968, Rakim is 55 years old as of today's date 2nd March 2023. Pax World Management, an activist shareholder, has reportedly convinced Goldman to take proactive steps to address the disparities in mens and womens compensation. He engineered its 1996 sale to a Dutch outfit for $1.9 billion. People think hes self-serving, but it seems to be working for him. Hedge-Fund Investor: He writes hilarious letters. Hedge-Fund Investor: Whoa, did he ever have a crappy 2006., Daniel Loeb Third PointSize: $4.2 billion Style: Stock pickerLocation: ManhattanPoison pen of the industry. Like the rest of his career--to that time--it was newsworthy. More information about this will be availed when we get it. Yet another in an ever-lengthening list of former Goldman Sachs prodigies to head out on his own, founded AQR in 1998 with partners David Kabiller, Robert Krail, and John Liew. What would Tesla be worth in the absence of certain peculiarities of the tax code? At 27, he became the youngest partner in the history of the firm. Prone to aphorisms such as Bridgewater is a community in which our fates are intertwined and Money doesnt bring happiness; the pursuit of excellence does. Old Hand: A truly brilliant quant, but his results have been mixed. Hedge-Fund Investor: Along with Simons, co-king of the quants. Young Buck: Steady but unspectacular; quietly built a money-management powerhouse., Mark CarhartGoldman Sachs Asset ManagementSize: $32.5 billionStyle: Quantitative investorLocation: ManhattanFormer University of Chicago academic co-helmed Goldmans flagship Global Alpha fund in 1997, after colleague Cliff Asness bolted for greener pastures. TikToks Favorite Celebrity Couple Is Kim Kardashian and Michael Cera. Mindich had what would have been, for many, the best of summer jobs: Working after high school and during summer breaks at Goldman Sachs ( GS) while earning a degree in economics at Harvard. Hired many employees out of Enron ashes. As will be seen below, Mindich"s performance has been spotty and he likely has not collected performance fees in many of the past 10 years. Former math professor is king of the "black box" investorsfunds that use top-secret algorithms and invest largely by computer. Attempted largest hostile takeover attempt in Korean history when he went after tobacco maker KT&G with idol Carl Icahn. Although the precise amount is unknown. - Jon Corzine's stint at MF Global was far more damaging. Maybe hell hang in for three years. Hes got no known hobbies, but hes a terrific guy. Hedge-Fund Investor: Hes turning Sears into the next Berkshire Hathaway. Career Rakim started off his career in the year 1985 when he met with Eric B, Rakim, and Eric B. A Fortune article from 2012 notes Mindich lost 11% in 2011. According to Bloomberg, the firm uses fundamental analysis to create its portfolios within those strategic categories. Hedge-Fund Investor: He left Lazard high and dry. Eric Mindich Net Worth His estimated net worth is somewhere around $10 billion as of February 2023. He is based in America and is well-known for his multiple accomplishments, some of which he accomplished while he was very young. Hes morphing [Cerberus] from being a distressed hedge fund into almost a buyout firm. Young Buck: The top name in distressed, middle-market, and private deals., David TepperAppaloosa ManagementSize: $5.3 billionStyle: Distressed investorLocation: Chatham, N.J. After high school, he started working with Goldman Sachs and worked there when he joined Harvard during the summer season. Everybody is wondering whats up. Young Buck: Largest new launch of a hedge fund in history at the time.. Carl Icahn and Eric Mindich, that Mt. An activist investor of the vocal sort, thought to be as obnoxious as Daniel Loeb when going after wayward executives such as those at Kerr-McGee. See our favorite looks from outside the shows. Known as much for his writing as his investing. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Matt Sirovich And Jeremy Mindich Bio, Returns, AUM, Net Worth Matt Sirovich and Jeremy Mindich founded Scopia Capital in 2001. To start with it all went well. This password will be used to sign into all, I Inherited Millions From My Mother, and Everyone Knows, Shania Twain Gives Rare Update on Her Ex-Husband and Ex-BFF, Journey Should Probably Go Their Separate Ways, 6 Stand-ups Analyze ChatGPTs Attempts to Steal Their Jobs, 10 Things That Delighted Us Last Week: From Glass Jars to Guayabera Shirts. HOME; ABOUT; SERVICES; LOCATION; CONTACT; why is pibb xtra so hard to find 2022 The firm has offices in New York, London and Hong Kong. If you love Scrabble, you'll love the wonderful word game fun of Just Words. Without low cost access to land they would go out of business., Stock Market Losers: New Lows For CVS, Hormel And Silvergate, Heres The Schedule For The Feds Upcoming Meetings And What To Expect, 1 Simple Trick To Magnify Your Dividends, Could The Housing Market Collapse Again? There have been other pockets of long-term hedge fund success in recent years among managers who concentrate on specific sectors like technology and biotechnology, but you can count them using your fingers. But managers of investment partnerships are able, in effect, to treat both the earned income and the appreciation as a capital gain, at least if they hold positions long enough. Eric, it appears, enjoyed the business and thus entered the business field. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. And most of the assets of the firm are his own!, Stephen FeinbergCerberus CapitalSize: $19.15 billionStyle: Distressed investorLocation: ManhattanWorked at Drexel Burnham Lambert in the Milken era. Eric Mindich was born on August 29, 1967. Including intelligent heated gloves, soothing foot rollers, and classic cabbage-shaped servingware. This site is protected by reCAPTCHA and the Google Julia Fox, Paris Hilton, and More of the Bestest Party Pics This Week. Malniks father, Alvin, is a developer and former co-owner of Title Loans of America. Mr. Mindich . Keep reading this article to know more about Gary Numan in 2023. He graduated with a Bachelor of Arts in Economics, summa cum laude from Harvard in 1988. But its going to get a break. And a smart guy to boot. Young Buck: Impressive returns., Richard ChiltonChilton Investment CompanySize: $4.3 billionStyle: Stock pickerLocation: Stamford, Conn. A founder of the Greenwich hedge-fund scene. Derivatives: Used to take a fundamental investment position, to hedge positions or adjust market exposure or to profit from derivative transactions. He founded Eton Park Capital Management in 2004 and served as its CEO until its closing in 2017. Eric Mildich achieved a lot in his career at such a tender age and remained very consistent in his pursuits. Derivatives: Used to take a fundamental investment position, to hedge positions or adjust market exposure or to profit from derivative transactions. BOSTON (Reuters) - Thirteen years ago Eric Mindich set an industry record when he raised $3 billion for his new hedge fund Eton Park. Furthermore, presently he and his wife Stacey are on a foundation, Mindich Family Foundation, which, in 2018, the tax fillings report shows that the foundation awarded grants worth $1.6 million. During his career, the prolific actor inhabited an array of troubled characters. Shaw & Co. This GuruFocus chart shows Eton Park"s sectoral holdings on March 31, just a week after Mindich announced the firm"s closing: This top 10 list of equity holdings, again dated March 31, also comes from GuruFocus: Not surprisingly for a hedge fund, the top line shows derivatives being the biggest sector. Arthur Samberg. Is building what could be the great contemporary-art collection of our time. CT merged into something called Commerce Clearing House. He even managed to get Goldman Sachs to provide part of that capital. He predicted Enron, for Gods sake., Chase ColemanTiger Global ManagementSize: $3 billionStyle: Stock pickerLocation: ManhattanTiger Cub. Without low cost access to land they would go out of business.. Malnik sold the four-bedroom, four-and-a-half-bathroom house at 222 Ocean Drive to Mark and Jessica Mindich, according to property records. The Best Street Style From Paris Fashion Week. Eric Mindich was born on the 29th of August, 1967. These are the luminaries of the hedge-fund industry. CCH minted money. Richard PerryPerry CapitalSize: $12.34 billionStyle: TraderLocation: ManhattanPerrys wife is very active in Democratic fund-raising circles; she donated more than $1 million over the last three election cycles. It shows launches in blue on the top half, and liquidations in red on the bottom half: Overall, the number of hedge funds has been shrinking, despite new entrants. Eric seems to have a highly successful and fulfilling life, though notmuch isknown about his personal life, as he is secretive about his personal affairs. Dell made his debut on another Forbes list earlier this year as one . If you do not know, We have prepared this article about details of Eric Mindichs short biography-wiki, career, professional life, personal life, wife, girlfriend, dating, divorce, kids, todays net worth, age, height, weight, and more facts. Here are four leading citizens whose finances are helped by tax favoritism. The New York-based hedge fund launched with a global, multidisciplinary focus in 2004. What happened to Mindich, and the industry? At 44, Talpins has bucked the trend that has swept the hedge fund world. Co-founded PayPal. Its clients include mainly institutional investors (such as pension plans, funds-of-funds, endowments and charities), high net-worth individuals and family offices. This email will be used to sign into all New York sites. Disclosure: I do not own shares in any of the companies listed in this article, and do not expect to buy any in the next 72 hours. Tends to hold positions longer than a trader. The firm is privately owned and controlled by Mindich. Caught up in SEC investigation owing to questionable moves with stake in King Pharmaceuticals. Asset-Backed & Structured Credit: Investments that are backstopped by assets, including trust preferred securities, aircraft leases, mutual fund fees and other. Bruce Kovner. Many celebrated his philanthropic efforts, and his life continues to be an inspiration. A New York Times Dealbook article reports state pensions funds are following the lead of the California Public Employees' Retirement System in getting out of hedge funds. Still, mere mortals who collect salaries wind up with higher effective tax rates than the big guys do. Continue reading to learn more about Gary Numan in 2022. His Element Capital hedge fund has returned about 21% annually net of some expensive fees since its inception in 2005an incredible track record in any era. His height is 1.73 m, and he weighs 77 kg. He gave so much money to the business school at Carnegie Mellon that they named it after him. Young Buck: The preeminent distressed investor of the past ten years., Eddie LampertESL InvestmentsSize: $18 billion Style: Stock pickerLocation: Greenwich, Conn. Once kidnapped. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Also, Loeb explained to me as he slipped into a waiting limousine, the Trump tax cut raised the holding period to three years. You may opt-out by. Both specific years and an overview must be pieced together from other published information. Owns an apartment in 740 Park.Old Hand: Good money manager with solid results. Young Buck: Shares a fondness for art with former boss Stevie Cohen.. Eric has had a number of successful business initiatives, and he is gaining prominence. Pay more to the tax collector so that certain lucky people can get a nice deal. Made his own fortune in the process. I think they bought 25 percent or so., Ray DalioBridgewater AssociatesSize: $30.2 billionStyle: Quantitative investorLocation: Westport, Conn. In his adventures in business and the corporate world, Eric has made significant money. Behold the new Establishment. why did melisende husband limit her power why did melisende husband limit her power What is the S.T.A.R. At least those hoping to make the Forbes 400 list of the richest Americans. Mindich is not alone in abandoning the hedge fund business, as shown in this Business Insider chart (based on data from HFR). Peter ThielClarium Capital ManagementSize: $1.9 billionStyle: TraderLocation: San FranciscoRare hedge fund that doesnt charge fixed management fee, taking only 25 percent of profits. Mindich went on to found Eton Park Capital Management, which shut down in 2017. It also seems likely Goldman Sachs enjoyed a good return by investing in Mindich over the 15 years he spent there. (Bloomberg), Citigroups global head of G-10 currency strategy Steven Englander has quit to join the hedge fund Rafiki Capital Management. Jessica Mindich is. Says Oakleigh Thorne IV in an email: We let local farmers use this land at low cost to support crop production, beef and dairy cattle, which is a tremendous boon to the local small farmer community. By submitting your email, you agree to our Terms and Privacy Policy and to receive email correspondence from us. He then found Eton Parkcapital management in early 2004, with around $ 3 billion in the capital, which was recorded as one of the largest start-up fund launches in history. On March 23, the New York Times ran this headline, Eton Park to Shut Down as $3 Trillion Hedge Fund Industry Faces Turmoil. And, indeed, Eton Park did send a message to its remaining clients that it would return their capital and close its doors. Among common stocks, a relatively conventional group, with a mix of domestic and international holdings. According to a Bloomberg profile, Eton Park invests in public equity, fixed income and alternative markets. Just Words. In addition,Bloomberg puts Mindichs average annual return since inception at 9.4%. More specifically, it invests in value stocks on the equity side and credit and credit-related instruments for fixed income. Paul Walsh. Still, he has number of good operations. Hedge-Fund Investor: An early practitioner of activism who has exported his approach to Japan and now the rest of Asia. Young Buck: Not afraid to sue or be sued., Barry RosensteinJANA PartnersSize: $5.8 billionStyle: Stock pickerLocation: San FranciscoOnetime Merrill Lynch investment banker. In 1988, after college, he joined the firm full time and enjoyed a storied, 15-year career. The firm invested in a range of markets and products, including public equity, fixed income and derivatives markets. Mark Mindich is chief operating officer of Meritage Group, a San Francisco-based investment adviser with about $11 billion assets under management, according to its website. He was also a member of the Phoenix SK Club in the same university. He is based in America and is famous for his numerous achievements, some of which were very young. Nor is Mindich the first ex-Goldman partner to crash and burn. If you are unaware, we have prepared this page with information about Eric Mindichs short biography-wiki, career, professional life, personal life, wife, girlfriend, dating, divorce, kids, current net worth, age, height, weight, and other statistics. He went ahead and founded his organization, which is quite a huge leap. Although the exact amount is not known. . Credit & Distressed Debt: Again, long and short positions in credit instruments that may produce capital gains or other income. In a world without tax breaks it would not exist. Thats just the transformation he undertook at CCH. Estimated net worth of $1.5 billion. Eton Park Capital Management is also funded by him. Rhodes scholar. Biography, Net Worth, Gossips, Salary, News & Much More. Also learn detailed information about Current Net, Mayowa Adegbile estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below. To answer the rhetorical question: In my opinion, Tesla should not be worth anything. MORE FOR YOU The. Let's check, How Rich is Ma, Jack Boyd Buckley's Estimated Net Worth, Age, Biography, Career, Height, Weight, Family, Wiki. Like Cerberus, lurking around automotive industry. Why do money masters do so well? Parties with Guerlain, Margiela, and more. Earlier this year, Eric Mindich, the founder of Eton Park Capital Management, told investors that he was shutting down his firm because of "a combination of industry headwinds, a difficult. This sometime denizen of The Forbes 400 is 86. A Fortune article from 2012 notes Mindich lost 11% in 2011. Loeb, famous as an activist investor, seems to be taking an activist-with-patience approach in his recent stakes in food companies. stated in. While undoubtedly possessed of a bright mind, Mindich was also paid to apprentice in the financial industry at one of the highest-flying firms. If a net worth increases consistently, it indicates good financial health. But a lot of people are puzzled by a somewhat soft performance last year. Hedge-Fund Investor: Theyve brought in AMG as an investor. Including dishwasher-safe Japanese porcelain, two sets of French-made knives, and a sleek kettle. Read More: Ximena Crdoba, Sapphire Nicole Howell, Natalie Knepp, Caroline Gregory. We might therefore assume that Eric has a sizable net worth. Mike has 3 jobs listed on their profile. Also a donor to the Securities and Exchange Commission, to which his firm paid $180 million to settle market timing charges, $30 million of which came out of his own pocket. Event-Orient: Acting in situations where an announced or anticipated event leads to pricing inefficiencies. If you or I toil away at General Electric, our salary gets clipped by federal and state taxes. Regardless of structural reasons for closures, it hardly makes sense for institutional investors or others to pay high management and performance fees for mediocre performance. Now the fund is being shut down, becoming the year's most prominent casualty. It is not mentioned whether Eric had previous engagements and relationships or not; therefore, we suppose that he didnt have any. stevensville montana murders. Started Pirate with $1.5 million of his own money and $500,000 from parents. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. For alternative investments, it put its money into derivatives, residential and commercial mortgage-backed securities as well as other securities with asset-backing and collateralized debt instruments, mainly in emerging markets. *Sorry, there was a problem signing you up. (Bloomberg), Qatar, the worlds richest country per capita, is overhauling its $335bn sovereign wealth fund for the second time in three years. Despite all that, he moved out and started a hedge fund, called Eton Park Capital Management, in 1995. Mindich is not alone in abandoning the hedge fund business, as shown in this Business Insider chart (based on data from HFR). Can also become an activist and attempt to take control of a company by buying a majority of its equity or, in bankruptcy, its debt. With whats left we can buy shares of GE, and any appreciation after that can get the favorable tax treatment. Like the rest of his careerto that timeit was newsworthy. Well, if youre ready, lets start. A quiet and closed guy, he runs probably the best organization in the industry. As a new partner at 27, a newspaper described him as single and wealthy, but he didnt stop there. Mostly it has been a hedge fund desert. Recovery Talk 'Premature' After Mortgage Rates Surge Past 7%, Francis Chou Buys Buffett's Ally Financial, Trims 2 Top Holdings, Oracle Reports After The Close On 3/9 -- Options Contracts Expire The Next Day, Sustainable Retail Is A Myth, But The Risk Of Hypocrisy Is Real, Researchers Quantify Market Risks As Debt Limit Deadline Nears. Sterling reputation earned in Goldmans risk-arbitrage department. junio 12, 2022. cottage for sale in timmins on . Eric Mildich accomplished a lot in his career at such a young age and remained steadfast in his ambitions. Expertise in natural gas futures. Terms of Service apply. A leader among activists, he focuses on retail, and owns Sears (which owns Kmart) and AutoNation. Estimated net worth of $1 billion. Mindich was the toast of Wall Street when he raised $3 billion to launch his new hedge fund company. Eric has made a lot of money through his business and corporate ventures. On the other hand, the net worth may be depleted by annual operating losses or a substantial decrease in . Big fan of American furniture and the Republican Party. The stakes in a portfolio that they pick up for running it are called carried interests.. He launched with $3.5 billion, which was considered the largest fund launch at that time. In turning the resulting family fortune into a considerably larger fortune, Thorne had another stroke of luck: having just the right descendant. How Tyrel Jackson Williams Brought TikTok Cringe to, Its sort of a newer version of the L.A. actor ride that Kyle is on the first two seasons, but its worse.. Not from Goldman?) It is not stated whether Eric had previous engagements or relationships; consequently, we assume that he did not. Quit in 2003. Eric has made a lot of money through his endeavors in business and the corporate sector. Malnik paid $1 million for the property in 1995, according to records. His height is 1.67 m tall, and his weight is 85 kg. One of many to leave the fold and start a hedge fund. He has received many awards. Opinions expressed by Forbes Contributors are their own. Founder and Chief Executive Officer, Eton Park Capital Management LP. A former Citigroup and Goldman Sachs fixed-income trader, Talpins is the type of macro investor who bets on interest rates, bonds and currencies. This is a BETA experience. He was probably overseeing one of his philanthropic endeavors. Old Hand: Grew up in the energy business. The net worth or a person or organization is not permanent, some are headed to a higher status, some remain stagnant, and others may be headed towards bankruptcy. This is evidenced by the fact that he graduated from Harvard with a Bachelor of Arts in Economics in 1988 .thereafter, he continued working at Goldman Sachs, where he became the youngest partner in the firms history, at the tender age of 27. Karen R. Adler is an independent management consultant working with high-net-worth families and their foundations. Instead, we rank todays best hedge-fund managers in six categories, based on a poll of ten industry insiders. Travis Barkers Finger Is Now the Enema of Blink-182 Fans. It will begin returning its remaining $7bn-plus in capital to investors by the end of next month. He started big, but his recent results havent been great. Talpins is quite simply the hottest hedge fund manager on the planet. Posted on February 27, 2023 by how much is tim allen's car collection worth when will mike breen retire (Bill Healy/WBEZ) Federal agents recently executed a search warrant on the Southwest Side home of retired Chicago Ald. From 2004 to 2017, he was Chief Executive Officer and Founder of Eton Park Capital Management. In 1988, he received a Bachelor of Arts in Economics, summa cum laude from Harvard. STYLE GUIDETrader: Seeks to exploit short-term volatility in the price of a security. What happened to Mindich, and the industry? Also learn detailed information about Current Net worth as well as Jack's earnings, Worth, Salary, Proper, What is the Net Worth of Eric Mindich? He even managed to get Goldman Sachs to provide part of that capital. Davos 2013 Participant List. Although the precise amount is unknown. Young Buck: Gotta love that Fortress stock price., James SimonsRenaissance TechnologiesSize: $24 billionStyle: Quantitative investorLocation: East Setauket, N.Y. Former math professor is king of the black box investorsfunds that use top-secret algorithms and invest largely by computer. It further says the hedge fund strategies are too complex and too costly, especially when underperforming (as they often have since 2008). This GuruFocus chart shows Eton Parks sectoral holdings on March 31, just a week after Mindich announced the firms closing: This top 10 list of equity holdings, again dated March 31, also comes from GuruFocus: Not surprisingly for a hedge fund, the top line shows derivatives being the biggest sector. He declined to comment for his article and has not publicly spoken to the media in many years. Thirteen years ago Eric Mindich set an industry record when he raised $3 billion for his new hedge fund Eton Park. Find thousands of job opportunities by signing up to eFinancialCareers today. Fundamental company data provided by Morningstar, updated daily. Because of the complex strategies employed by Mindich, it is hard for value investors to find much to emulate or study, even though Mindich employed some value tactics in his operations. And who you can expect to see performing and presenting. (Bilal Hafeez), 2023 eFinancialCareers - All rights reserved. A combination of industry headwinds, a difficult market environment and, importantly, our own disappointing 2016 results have challenged our ability to continue to maintain the scale and scope we believe necessary to pursue our investment program, Mindich wrote in a letter to investors that was sent after he notified the firms 120 employees of the decision to close, according to The New York Times. The firm expects. The kid quadrupled the value of the company, more than half of it owned by him and his relatives. The Mindiches financed their acquisition with a $6.2 million loan from Citibank, records show. It is of less value to portfolio managers with short holding periods. What LAppartement 4F Co-owner Ashley Coiffard Put on Her Wedding Registry. Those listed include: Fundamental Long/Short: Going long on securities that are consider undervalued, or selling short those it believes are overpriced. Enjoy a 7-Day Free Trial Thru Mar 11, 2023! As will be seen below, Mindichs performance has been spotty and he likely has not collected performance fees in many of the past 10 years. Story updated to include response from Tesla. Eric has made very successful ventures in business so far, and he continues to gain recognition. #23 Jeff Yass on the 2022 Forbes 400 - Yass is a cofounder of Susquehanna International Group, one of Wall Street's largest and most successful trading . Eric Mindich is Chief Executive Officer and Founder of Eton Park Capital Management, a global, multi-disciplinary, team-oriented investment organization dedicated to delivering superior risk-adjusted returns over multi-year periods. George Soros. Distressed Investor: Buys and sells the securities of companies in trouble, where there tends to be larger-than-usual differences of opinion over the relative merits of a stock or bond. Though his early life is relatively unknown, his fathers name is Mel, who develops golf courses, to date. Separately, Goldman's women could soon have something to celebrate. Its mandate includes both domestic and international markets. Old Hand: Clearly a great global stock picker. Young Buck: Something obviously runs in the family. Five are hedge-fund managers themselves. 2023 Vox Media, LLC. It also reports flat performance during the first quarter of 2017, and that assets had dropped by half since 2011. With estimated net worth of $3.8 billion, the richest man in Connecticut, which is saying something. (HFMWeek), Big banks and Silicon Valley have been waging a war for talent for a while, but now theyre engaged in an escalating battle over your personal financial data. This is a hedge fund that has grown up and excelled during the years after the financial crisis in which the vast majority of hedge funds have struggled mightily. Money goes out of your paycheck every two weeks and into Elon Musks net worth. In contrast, he was a positive 22% in 2013. He launched with $3.5 billion, which was considered the largest fund launch at that time. But I want a reduction, too. Case in point: Eric Mindich, who will turn 50 this year, became the youngest ever partner at Goldman Sachs more than 20 years ago at age 27, earning him a reputation as a "Wall Street wunderkind." As with all top traders of his generation, Mindich subsequently left Goldman Sachs and launched a hedge fund. Hedge-Fund Investor: This ship might be sinking., Israel EnglanderMillennium ManagementSize: $8.6 billion Style: TraderLocation: New YorkA donor to Jewish causes. Three of our eight anonymous panelists agreed to provide additional thoughts on the managers in the following pages. Estimated net worth of $2.5 billion. Forbes lists Trump as having a current net worth of $2.5 billion. The latest example came on Thursday when Eric Mindich, once the youngest-ever Goldman partner, announced he is shutting down his $7 billion multistrategy hedge fund firm, Eton Park Capital . It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. 3 sons, Mike Wallace, Edward Minskoff, and William Lauder. Money goes out of your paycheck every two weeks and into Elon Musk's net worth. The New York-based hedge fund launched with a global, multidisciplinary focus in 2004. Oh, Loosey! Old Hand: A great arbitrageur who learned under Soros.