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Hedge fund Eton Park gains in February as currency bets help

Reuters – Eric Mindich’s $9 billion hedge fund Eton Park retured 3.7 percent in February, having made money by betting against the Japanese yen and euro and by putting on new positions in Asian dairy companies, an investor in his fund said.

Mindich said on a conference call with investors that the fund is now up 4.8 percent for the year, beating the average global hedge fund which is up 1.8 percent, data from Hedge Fund Research show. Over the last three years, Mindich has returned an average 13 percent per year.

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