Eton Park Capital Reduces Vallar Position ~ market folly

Tuesday, March 22, 2011

Eton Park Capital Reduces Vallar Position

Eric Mindich's hedge fund Eton Park Capital recently filed a disclosure in the UK due to trading on March 7th. Eton Park have reduced their ownership in Vallar (LON: VAA) from 5.03% of shares outstanding down to a 3.52% ownership stake. Eton Park first started a new position in Vallar shares back in December 2010.

Mindich founded Eton Park after being named the youngest partner in Goldman Sachs history at age 27. He launched with $3 billion in 2004 and it was one of the largest hedge fund launches ever. The hedge fund primarily pursues arbitrage strategies.

Per Google Finance - "Vallar PLC, formerly Vallar Limited, is a holding company formed to acquire a single company, business or asset that has operations in the global metals, mining and resources sector. The Company focuses on the Americas, Russia, Eastern Europe and Australia. It focuses on commodities, including base metals, coking coal, iron ore, thermal coal, gold, silver and uranium. As of July 31, 2010 the Company had not yet commenced operations. The Company’s subsidiary is Vallar Holding Company Limited."

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