Eric Mindich's Eton Park Capital Buys More MSCI ~ market folly

Monday, August 8, 2011

Eric Mindich's Eton Park Capital Buys More MSCI

Eric Mindich's hedge fund Eton Park Capital just filed a 13G with the SEC on its position in MSCI Inc (MSCI ). Per portfolio trading on July 29th, Eton Park has disclosed a 5.81% ownership stake in with 7,000,000 shares.

This activity represents a 18.6% increase in the hedge fund's position size because at the end of the first quarter, they owned 5,900,000 shares. Per data from the first quarter, Eton Park is now the fourth largest shareholder of MSCI shares.

MSCI is very visible in markets as popular indexes (and exchange traded funds) bear its name, such as the iShares MSCI Emerging Markets Index (EEM).

Of other funds we track, Stephen Mandel's hedge fund Lone Pine Capital had previously owned MSCI back in 2009 but sold it in 2010. Thomas Steyer's Farallon Capital held a sizable position at the end of Q1, but we won't know their recent Q2 position size until next week.

In other activity from Eton Park, we detailed their new position in 3Leg Resources.

Per Google Finance, MSCI Inc is "a provider of investment decision support tools, including indices, portfolio risk and performance analytics and corporate governance products and services. The Company consists of two segments: the Performance and Risk business and the Governance business."

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