market folly

Eric Mindich's hedge fund firm Eton Park Capital recently filed a 13G with the SEC disclosing a stake in Cohen & Company (COHN). In the filing, Eton Park has disclosed a 6.26% stake in with 647,701 shares. This is a brand new position for Mindich's firm as they did not show ownership when we detailed Eton Park's portfolio. However, while this new filing was made after market close on May 6th, 2010, it says it was filed due to activity on December 31st, 2009. So, it's unclear if they simply forgot to file it months ago or marked the wrong date on the document. Either way, it's a newly disclosed position.

In terms of other recent investment activity from the hedge fund, we saw that Eton Park acquired Sable Mining shares (SBLM) and we detailed a portfolio update on Mindich's firm as well. For more of our coverage on Mindich, we recommend checking out some of his thoughts from a hedge fund panel regarding whether or not there is alpha in asset allocation. He started the firm in 2004 with $3 billion and today manages well in excess of $10 billion. Before founding Eton Park, Mindich was Goldman Sachs' youngest partner in history at the age of 27 and focused on merger arbitrage.

Taken from Yahoo Finance, "Cohen & Company, an investment company, engages in the credit related fixed income investments business. It operates in two divisions, Asset Management and Capital Markets."

You can view all our previous coverage of Eric Mindich's hedge fund here.