Old Hand: The team to beat. He is known for his partnership with Goldman Sachs at the early age of 27, thus becoming the youngest partner in the firms history, which was a major feat. According to a Bloomberg profile, Eton Park invests in public equity, fixed income and alternative markets. Net redemptions last year reached about 5% of fund assets, or around $700 million. Hes totally monomaniacal about his business. Hedge-Fund Investor: A big contributor to a number of causes. Young Buck: Hotshot who utilizes a variety of strategies.. His estimated net worth is somewhere around $10 billion as of March 2023. I ran into him recently in an elevator at the Mount Sinai Health System. He began working for Goldman Sachs after high school and continued to do so when he enrolled at Harvard in the summer. See our favorite looks from outside the shows. Just because your finance career flies in your 20s, don't assume it will maintain the same sort of elevation two decades later on. Disclosure: I do not own shares in any of the companies listed in this article, and do not expect to buy any in the next 72 hours. Recently purchased Willem de Koonings Police Gazette from David Geffen for $63.5 million. More information regarding this will be made available as soon as it becomes available. Peter ThielClarium Capital ManagementSize: $1.9 billionStyle: TraderLocation: San FranciscoRare hedge fund that doesnt charge fixed management fee, taking only 25 percent of profits. Mike has 3 jobs listed on their profile. Eric has had a number of successful business initiatives, and he is gaining prominence. Old Hand: A good global investor who is developing his business slowly and methodically. Hedge-Fund Investor: Hes doing more than just technology now, some sort of venture-capital effort., William von MuefflingCantillon Capital ManagementSize: $8.1 billion Style: Stock pickerLocation: ManhattanMade name at Lazard investing in tech and telecom, and credited with putting the banks hedge-fund business on the map. Sinai is a premier teaching institution. He is, however, married to Stacey Mindich, a former Town and Country senior editor. He launched with $3.5 billion, which was considered the largest fund launch at that time. Why do money masters do so well? Longtime focus on consolidation of global stock exchanges, including NYSE, Euronext, and Deutsche Boerse. Stock quotes provided by InterActive Data. Fundamental Long/Short: Going long on securities that are consider undervalued, or selling short those it believes are overpriced. ", metropolitan commuter transportation mobility, e let local farmers use this land at low cost to support crop production, beef and dairy cattle, which is a tremendous boon to the local small farmer community. Although the precise amount is unknown. For alternative investments, it put its money into derivatives, residential and commercial mortgage-backed securities as well as other securities with asset-backing and collateralized debt instruments, mainly in emerging markets. He appears to have a very successful and joyful life, yet little is known about his personal life because he is very private about his personal concerns. stated in. Eric Mindich was the firm's Chief Executive Officer. Scopia Capital is a long/short, value oriented market neutral hedge fund. From 2004 to 2017, he was Chief Executive Officer and Founder of Eton Park Capital Management. As a new partner at 27, a newspaper described him as single and wealthy, but he didnt stop there. This is a substantial sum of money. As of March 2023, Jose Carreras's net worth is estimated to be $250 Million. It further says the hedge fund strategies are too complex and too costly, especially when underperforming (as they often have since 2008). Net worth estimated at $4 billion. TikToks Favorite Celebrity Couple Is Kim Kardashian and Michael Cera. Plus, you have to see that e-mail exchange he had with a potential European recruit. However, He is married to Stacey Mindich, a former senior editor at Town and Country. Jason Statham and Aubrey Plaza do not seem like a match made in action-comedy-chemistry heaven, but it somehow works. Its all numbers, no guts. BNY Mellon has committed to doing the same. And they are in a position, sometimes, to treat this earned income as a low-taxed capital gain. Posted on February 27, 2023 by how much is tim allen's car collection worth when will mike breen retire (Bill Healy/WBEZ) Federal agents recently executed a search warrant on the Southwest Side home of retired Chicago Ald. Not from Goldman?) In 1988, he received a Bachelor of Arts in Economics, summa cum laude from Harvard. Its mandate includes both domestic and international markets. Old Hand: Came out of nowhere. The New York-based hedge fund launched with a global, multidisciplinary focus in 2004. Hedge-fun-size estimates courtesy of Absolute Return magazine. Known as much for his writing as his investing. Mindich began her career as a journalist, working at the New York Times, and at the same time contributing to Vogue, Newsday, Self, Harper's Bazaar, and Departures. The hedge fund manager is worth, my colleagues estimate, $3.1 billion. Eric Mildich accomplished a lot in his career at such a young age and remained steadfast in his ambitions. Although nothing is known about his early years, Mel, who currently constructs golf courses, is his father. Attempted largest hostile takeover attempt in Korean history when he went after tobacco maker KT&G with idol Carl Icahn. Asset-Backed & Structured Credit: Investments that are backstopped by assets, including trust preferred securities, aircraft leases, mutual fund fees and other. Amazon has to pay taxes. New York, like many states, gives property-tax breaks for agriculture and forestry. Together, they have three sons, Mike Wallace, Edward Minskoff, and William Lauder. Granted. The firm lists several strategies in its Form ADV Part 2A (with the fund now winding down, it may not use any or all at this time). Former computer-science professor left to start own fundin the prosaic realm of statistical arbitragein 1988. stevensville montana murders. Also, Loeb explained to me as he slipped into a waiting limousine, the Trump tax cut raised the holding period to three years. It is in no small part because of gifts from Loeb and two other money moguls, Carl Icahn and Eric Mindich, that Mt. stint at MF Global was far more damaging. He later made some losses in 2016, which caused him to shut down in 2017. Old Hand: Lampert gets his fingernails dirty by managing the companies he invests in. Credit & Distressed Debt: Again, long and short positions in credit instruments that may produce capital gains or other income. Warning! Still, he has number of good operations. Hedge-Fund Investor: An early practitioner of activism who has exported his approach to Japan and now the rest of Asia. Young Buck: Not afraid to sue or be sued., Barry RosensteinJANA PartnersSize: $5.8 billionStyle: Stock pickerLocation: San FranciscoOnetime Merrill Lynch investment banker. Furthermore, presently he and his wife Stacey are on a foundation, Mindich Family Foundation, which, in 2018, the tax fillings report shows that the foundation awarded grants worth $1.6 million. Estimated net worth of $1.5 billion. After Dax Shepard asked her about her musical chairs relationship situation. We wish him well. Net worth estimated at $2.3 billion. Old Hand: As much an activist investor as a distressed one. Hedge-Fund Investor: Great numbers, but very volatile. It shows launches in blue on the top half, and liquidations in red on the bottom half: Overall, the number of hedge funds has been shrinking, despite new entrants. Story updated to include response from Tesla. Eric Mindich (Trades, Portfolio), the man behind Eton Park and once the brightest young man on Wall Street, was effectively admitting defeat after what was a brilliant beginning in the industry. It has gone into three disparate areas: equities, fixed income and alternative investments. Goldman agreed to enhance pay equity disclosures in an upcoming report, according to Bloomberg. It will begin returning its remaining $7bn-plus in capital to investors by the end of next month. Save my name, email, and website in this browser for the next time I comment. That included becoming the firms youngest partner, in 1994, at the age of 27. There have been other pockets of long-term hedge fund success in recent years among managers who concentrate on specific sectors like technology and biotechnology, but you can count them using your fingers. And a smart guy to boot. Young Buck: Impressive returns., Richard ChiltonChilton Investment CompanySize: $4.3 billionStyle: Stock pickerLocation: Stamford, Conn. A founder of the Greenwich hedge-fund scene. George Soros. He continued rising and became the senior strategic officer of the firm in 2003. Old Hand: Another activist, but his deal with BKF I dont think worked too well. There are fewer hedge fund managers on The Forbes 400 list of richest Americans than there used to be. Continue reading to learn more about Gary Numan in 2022. His philanthropic activities are many. On March 23, the New York Times ran this headline, "Eton Park to Shut Down as $3 Trillion Hedge Fund Industry Faces Turmoil." At 27, he became the youngest partner in the history of the firm. Hes morphing [Cerberus] from being a distressed hedge fund into almost a buyout firm. Young Buck: The top name in distressed, middle-market, and private deals., David TepperAppaloosa ManagementSize: $5.3 billionStyle: Distressed investorLocation: Chatham, N.J. Big fan of Jeff Koons. technique - and why do banks like it? More information about this will be availed when we get it. In addition,Bloomberg puts Mindichs average annual return since inception at 9.4%. You may opt-out by, Brexit Peters Out As Windsor Framework Close To Agreement, Most Funds Have Been Rotating From Growth Back To Value, But This Asset Manager Still Prefers Value, Forget About Too Big To Fail, Now Theres Too Big To Try, Who Would Become A Politician - Social Media Sows Divides And Divorce, Why Some Fund Managers Prefer Dividends Over Share Buybacks, Democracys Keynes Moment - Time To Bolster Democracy, Diverging World - Strong Labour Markets May Force The Fed To Hike Rates Further. Its goal was to give investors risk-adjusted returns over multiyear periods. Taxpayers would be buying more guidebooks. [1] From 2012 to 2014, Eton Park's annualized return averaged over 13% while the S&P500 averaged nearly 18%. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Most talked-about hedge-fund manager. At 44, Talpins has bucked the trend that has swept the hedge fund world. He had just the right ancestor. Its too soon to know how much damage the recent tax change will do to hedge funders. Eric has made a lot of money through his endeavors in business and the corporate sector. Enjoy a 7-Day Free Trial Thru Mar 11, 2023! Should we be resentful? (adsbygoogle=window.adsbygoogle||[]).push({}); Scroll below and check our most recent updates about Wilfred Von der Ahe's Estimated Net Worth, Age, Biography, Career, Height, Weight, Family, Wiki. Hedge-Fund Investor: This ship might be sinking., Israel EnglanderMillennium ManagementSize: $8.6 billion Style: TraderLocation: New YorkA donor to Jewish causes. The net worth or a person or organization is not permanent, some are headed to a higher status, some remain stagnant, and others may be headed towards bankruptcy. Its all Ph.D.s over there. Eric Mindich's Salary and Net Worth As of June 2022, his net worth is predicted to be around $10 billion. Old Hand: Clearly the dean of short sellers. He also happens to be an awesome energy trader., Eric Mindich Eton Park CapitalSize: $6.2 billion Style: TraderLocation: ManhattanYoungest partner in the history of Goldman. Was a helicopter pilot in the U.S. Army. Malniks family is well-known in Miami Beach for its philanthropic work with the Make-A-Wish Foundation. The firm expects. If you are unaware, we have prepared this page with information about Eric Mindichs short biography-wiki, career, professional life, personal life, wife, girlfriend, dating, divorce, kids, current net worth, age, height, weight, and other statistics. Tesla's response: It's beating expectations with its Nevada Gigafactory;buyers ofelectric vehicles from GM and other manufacturers also get credits;"our biggest competitors, including the oil and gas industry, receive trillions of dollars in subsidies each year.". He is best known for his performances in the operas of Donizetti, Verdi, and Puccini. Recovery Talk 'Premature' After Mortgage Rates Surge Past 7%, Francis Chou Buys Buffett's Ally Financial, Trims 2 Top Holdings, Oracle Reports After The Close On 3/9 -- Options Contracts Expire The Next Day, Sustainable Retail Is A Myth, But The Risk Of Hypocrisy Is Real, Researchers Quantify Market Risks As Debt Limit Deadline Nears. The Mindiches financed their acquisition with a $6.2 million loan from Citibank, records show. He started big, but his recent results havent been great. Play Just Words free online! CCH minted money. Derivatives: Used to take a fundamental investment position, to hedge positions or adjust market exposure or to profit from derivative transactions. Activist stock pickers try to personally intervene in company affairs. Eton Park, a global multi-strategy investment firm, at its 2004 founding was then the largest startup fund in history and had peak assets of over $14 billion. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Young Buck: Gotta love that Fortress stock price., James SimonsRenaissance TechnologiesSize: $24 billionStyle: Quantitative investorLocation: East Setauket, N.Y. Former math professor is king of the black box investorsfunds that use top-secret algorithms and invest largely by computer. He later suffered considerable losses in 2016, prompting him to close his business in 2017. (Business Insider), Jay Clayton, who President Trump chose to lead the Securities and Exchange Commission, told Congress that his past work as a Wall Street lawyer is a strength and called for scaling back regulations and expressed skepticism about the usefulness of large corporate penalties. Malnik paid $1 million for the property in 1995, according to records. He declined to comment for his article and has not publicly spoken to the media in many years. Mostly it has been a hedge fund desert. By submitting your email, you agree to our Terms and Privacy Policy and to receive email correspondence from us. A Fortune article from 2012 notes Mindich lost 11% in 2011. Case in point: Eric Mindich, who will turn 50 this year, became the youngest ever partner at Goldman Sachs more than 20 years ago at age 27, earning him a reputation as a "Wall Street wunderkind." As with all top traders of his generation, Mindich subsequently left Goldman Sachs and launched a hedge fund. That marks their highest combined value ever. He then found Eton Parkcapital management in early 2004, with around $ 3 billion in the capital, which was recorded as one of the largest start-up fund launches in history. Rhodes scholar. Ran the junk-bond desk at Goldman. It is of less value to portfolio managers with short holding periods. View Others View Public Details & Court Records See Who's Searching for You See Sites with Your Personal Info Make Changes to What Other's See Lock Sections of Your Profile Mindich had what would have been, for many, the best of summer jobs: Working after high school and during summer breaks at Goldman Sachs ( GS) while earning a degree in economics at Harvard. And, indeed, Eton Park did send a message to its remaining clients that it would return their capital and close its doors. He is a lucky guy. Eric has made a lot of money through his endeavors in business and the corporate sector. He is appearing on Forbes list of billionaires for the first time. He joined Goldman Sachs in 1988 in the equities arbitrage department. . With whats left we can buy shares of GE, and any appreciation after that can get the favorable tax treatment. Disclosure: I do not own shares in any of the companies listed in this article, and do not expect to buy any in the next 72 hours. And hes becoming the next Warren Buffett in the process. Young Buck: Takes highly concentrated control positions in the companies he invests in., Kenneth GriffinCitadel Investment GroupSize: $13.5 billion Style: TraderLocation: ChicagoUsed to be one of the most secretive guys. The kid quadrupled the value of the company, more than half of it owned by him and his relatives. Following huge crowds on Ocean Drive during Spring Break, the Miami Beach City Commission voted last week to roll back alcohol hours to 2 a.m. until early December in the mixed entertainment district, which is between Ocean Drive and Collins Avenue south of 16th Street. Donald Trump's real net worth? Last year, a terrible one for most hedge fund managers, Talpins hedge fund returned 17%. Expertise in natural gas futures. Now the fund is being shut down, becoming the year's most prominent casualty. Eton Park, for establishing the worlds largest start-up hedge fund. Quit in 2003. Big fan of American furniture and the Republican Party. While undoubtedly possessed of a bright mind, Mindich was also paid to apprentice in the financial industry at one of the highest-flying firms. One of many top hedge-fund managers to come out of Goldman Sachs, Perry is pals with Eddie Lampert. (Bloomberg), Citigroups global head of G-10 currency strategy Steven Englander has quit to join the hedge fund Rafiki Capital Management. On August 29, 1967, Eric Mindich was born. Thirteen years ago Eric Mindich set an industry record when he raised $3 billion for his new hedge fund Eton Park. Eric Mildich achieved a lot in his career at such a tender age and remained very consistent in his pursuits. Separately, Goldman's women could soon have something to celebrate. Sinai is a premier teaching institution. A New York Times Dealbook article reports state pensions funds are following the lead of the California Public Employees" Retirement System in getting out of hedge funds. As will be seen below, Mindichs performance has been spotty and he likely has not collected performance fees in many of the past 10 years. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Like Cerberus, lurking around automotive industry. In a world without tax breaks it would not exist. Lief RosenblattSatellite Asset ManagementSize: $5.4 billion Style: TraderLocation: ManhattanFormer George Soros underling. Here are four leading citizens whose finances are helped by tax favoritism. He is said to employ an investment strategy that relies heavily on options, according to the Wall Street Journal. This sometime . Mindich -- whose Eton Park Capital Management was among the biggest fund startups -- is returning client money after 13 years, he said in a one-page letter to clients Thursday. Many celebrated his philanthropic efforts, and his life continues to be an inspiration. A former Citigroup and Goldman Sachs fixed-income trader, Talpins is the type of macro investor who bets on interest rates, bonds and currencies. When he was 16, he was introduced to Islam and later changed his name to Rakim Allah. In. Do Not Sell or Share My Personal Information. Most successful of Julian Robertsons Tiger Cubs. One of his best picks of late has been Google. Forbes has been tracking Talpins' wealth for years and now estimates that he is worth $1.7 billion. Old Hand: One of the great activists. Hedge-Fund Investor: A quiet, almost antisocial guy who is a machine at investing. why did melisende husband limit her power why did melisende husband limit her power He led the risk arbitrage section and managed the equities division from 1992 to 2000, then became co-chief operating officer of the equities division. Malnik sold the four-bedroom, four-and-a-half-bathroom house at 222 Ocean Drive to Mark and Jessica Mindich, according to property records. Steve CohenSAC Capital AdvisorsSize: $12 billion Style: TraderLocation: Stamford, Conn. Eton Park expanded to manage $14bn in 2011, but those assets have been cut in half over the ensuing six years. CT merged into something called Commerce Clearing House. In his adventures in business and the corporate world, Eric has made significant money. What is the S.T.A.R. The tax code also has solar credits that find their way, via the same indirect route, into Teslas bank account. But a lot of people are puzzled by a somewhat soft performance last year. Hedge-Fund Investor: Theyve brought in AMG as an investor. Musks company benefits, indirectly, from electric vehicle credits. They currently reside in 730 Park, but they also have a summer residence in Water Mill, America. Is building what could be the great contemporary-art collection of our time. Purchased Jasper Johnss False Start from David Geffen for $80 million. This is a hedge fund that has grown up and excelled during the years after the financial crisis in which the vast majority of hedge funds have struggled mightily. What is the Net Worth of Eric Mindich? Old Hand: Clearly a great global stock picker. Young Buck: Something obviously runs in the family. It shows launches in blue on the top half, and liquidations in red on the bottom half: Overall, the number of hedge funds has been shrinking, despite new entrants. Now the fund is being shut down, becoming the year's most. Mr. Mindich . Those listed include: Fundamental Long/Short: Going long on securities that are consider undervalued, or selling short those it believes are overpriced. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. They use algorithms that nobody understands but seem to work very well. Hedge-Fund Investor: Along with Dalio, co-king of the quants. Young Buck: Among other things, Simons is surely one of the top-paid managers over the past few years., David ShawD.E. Being born on 29 August 1967, Eric Mindich is 55 years old as of todays date 4th March 2023. The closure helped call into question the whole business model of the hedge fund industry. Thirteen years later, he is shutting down Eton Park Capital Management, which at the end of 2016 had only $7 billion in assets. Executive-produced the movie of Christopher Buckleys Thank You for Smoking. (MarketWatch), Mulling what to do with all of your spare time after retiring from your successful financial services career? Eric Mindich (Trades, Portfolio), the man behind Eton Park and once the brightest young man on Wall Street, was effectively admitting defeat after what was a brilliant beginning in the industry. Ironically, his last full year before winding down also came in at 9.4%, but on the negative side. (New York Times), U.S. fees are up 19% to $8.8bn in the first quarter, and Goldman Sachs is still at the top of the mergers and acquisitions league table, while JPMorgan ranks first for equity and debt capital markets. Started Pirate with $1.5 million of his own money and $500,000 from parents. CEOs hate them. Hedge-Fund Investor: The dude just got married on Richard Bransons private island. According to another New York Times Dealbook articlefrom 2015, hedge funds were closing then because of extra regulation (Dodd-Frank Act), the volatility of markets and additional investor scrutiny. We wish him the best. Refer a Friend and Earn One Month of Free Membership. Huge numbers of hedge funds closed last year, prompting claims that traders arebetter off working in long-only asset management. On the other hand, the net worth may be depleted by annual operating losses or a substantial decrease in . The man must have had some instinct that taxes could get complicated. Eric Mindich was born on August 29, 1967. Stock Picker: Differs from the trader in that stock pickers tend to analyze a companys (or an industrys or a countrys) fundamental business and make informed bets on their future direction. Although the exact amount is not known. Net worth estimated at $3 billion. The carried-interest game is of greatest value to private-equity types, such as Mitt Romney was back in the day at Bain. Shaw & Co. The sale allowed Thorne III to settle back into his side job as a farmer in Millbrook, a posh town two hours north of New York City. This was an exceptional achievement at the time. All Rights Reserved. Also learn detailed information about Current Net, Mayowa Adegbile estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below. Said to have been a big beneficiary of Amaranth blow-up. Nicknamed L-train. Onetime horse bettor. Tom Sandoval and Ariana Madix have broken up after he allegedly cheated on her with Raquel Leviss. Eric Mindich. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. A vocal activist whose recent targets include Pep Boys and OSI Restaurant Partners, owner of Outback Steakhouse. While there are one or two photos of Talpins floating around the Internet, Forbes does not have a legal right to publish any of them. According to Bloomberg, the firm uses fundamental analysis to create its portfolios within those strategic categories. In addition, Bloomberg puts Mindich"s average annual return since inception at 9.4%. GuruFocus.com is not operated by a broker or a dealer. While undoubtedly possessed of a bright mind, Mindich was also paid to apprentice in the financial industry at one of the highest-flying firms. All rights reserved. Although the exact amount is not known. #23 Jeff Yass on the 2022 Forbes 400 - Yass is a cofounder of Susquehanna International Group, one of Wall Street's largest and most successful trading . This is demonstrated by the fact that he graduated from Harvard in 1988 with a Bachelor of Arts in Economics. Called greatest investor of his generation. object stated in reference as. Everything Everywhere All at Once leads with eight nominations tonight. As to the closing of his firm, Bloomberg cites a passage from Mindich"s letter to clients, explaining that a confluence of issues led to his decision to close: He says this combination "challenged our ability to continue to maintain the scale and scope we believe necessary to pursue our investment program consistent with our founding principles.". Wall Street and Broad Street Signs with US flags in the background. Mindich was the toast of Wall Street when he raised $3 billion to launch his new hedge fund company. As will be seen below, Mindich"s performance has been spotty and he likely has not collected performance fees in many of the past 10 years. Furthermore, he is featured as a notable hedge fund manager in Marquis Whos Who. Like the rest of his career--to that time--it was newsworthy. By Masque Publishing. A caveat, to begin: as hedge fund operators, Mindich and Eton Park are not required to file regulatory reports on their performance. Shocked peers when he set a target of $100 billion for his latest. His salary from the state for his role as attorney general pays $184,358.52 as of 2021, which is more than the $174,000 he would receive if elected to the U.S. Senate. He is also the founder of Eton Park Capital Management. Behold the new Establishment. Both specific years and an overview must be pieced together from other published information. Collects black-and-white photographs and is on the board of the International Center of Photography. You may opt-out by. A Fortune article from 2012 notes Mindich lost 11% in 2011. Following that, he continued to work at Goldman Sachs, where he became the firms youngest partner in history at the age of 27. Hedge-Fund Investor: Whoa, did he ever have a crappy 2006., Daniel Loeb Third PointSize: $4.2 billion Style: Stock pickerLocation: ManhattanPoison pen of the industry. It also reports flat performance during the first quarter of 2017, and that assets had dropped by half since 2011. Mindich was the toast of Wall Street when he raised $3 billion to launch his new hedge fund company. Gurus may be added or dropped from the GuruFocus site at any time. As it appears, Eric loved business and therefore ventured into the business world. Jessica Mindich is. The 50 Richest Lead Singers in the World: #1: Paul McCartney Net Worth - $1.2 Billion (The Beatles) #2: Madonna Net Worth - $800 million #3: Bono Net Worth - $600 Million (U2) #4:. This is a BETA experience. To the extent that there have been exceptions in this era of hedge fund disappointment, they have mostly come from the world of computer-driven quantitative trading and large multi-manager modelsand even there it has only been the elite (think Renaissance or Citadel) that have consistently done well. Hes dangerous, hes terrifying, hes an extra in, How to Watch the 2023 Oscars Celebrate All 23 Categories Live Again. Eric Mindich started working at Goldman Sachs after high school, and spent summers at the firm while earning a degree in economics at Harvard.