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."
Tuesday, March 22, 2011
Eton Park Capital Reduces Vallar Position
Friday, January 7, 2011
Eton Park Starts New Vallar (LON:VAA) Position
Eric Mindich's hedge fund firm Eton Park Capital Management has started a brand new position in Vallar (LON: VAA). The London Stock Exchange has revealed that due to trading activity on the 22nd of December, 2010, Eton Park now controls 5.03% of Vallar's voting rights.
In terms of other recent Eton Park activity, we saw that the hedge fund supported Air Products' (APD) latest bid for Airgas (ARG) in one of their arbitrage trades. However, nothing has materialized there. Eton Park's most recent acquisition is a bit of a head-scratcher and you'll see why below in the company description:
Per Google Finance, Vallar 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."
For other activity out of Eton Park, we also detailed an increase in their Lonrho (LONR) stake.
