(Reuters) Learning to invest on Goldman Sachs’ risk arbitrage desk, made famous by leader Robert Rubin, was once seen as a fast track to fortune. But the band of hedge fund protégés who mastered their trade under the former Wall Street star and U.S. Treasury Secretary have stumbled in recent years.
The latest to falter is Eric Mindich, who announced on Thursday that he would shut his hedge fund firm Eton Park Capital Management LP following a 9 percent loss in 2016 and a sharp decline in assets.