High-profile investor Eric Mindich is closing down his hedge fund, Eton Park Capital Management, amid poor performance and slowing interest in hedge funds, The Wall Street Journal reports.

Eton Park manages about $7 billion. The firm lost 9% last year even as the stock market climbed, putting pressure on the firm. Mindich was the youngest Goldman Sachs partner before launching Eton Park 13 years ago with $3.5 billion.