One of the biggest hedge fund launches of all time is reportedly shutting down

Eton Park is reportedly shutting down.

Bloomberg News is reporting that the founder, Eric Mindich, "doesn't believe he'll be able to run a global, multi-disciplinary investment firm under current conditions," citing a person with knowledge of the matter.

Mindich's fund was considered to be one of the largest hedge fund launches when it started more than a decade ago with $3.5 billion.

The firm's flagship fund posted a 9.4% loss last year, according to a report by Institutional Investor's Steve Taub.

This is a developing story...