Thread: Chelsea Clinton’s Husband Quietly Shut Down Hedge Fund After Hillary’s Loss Read mor

Chelsea Clinton’s Husband Quietly Shut Down Hedge Fund After Hillary’s Loss

February 8, 2017


Chelsea Clinton’s husband Marc Mezvinsky joined the millions of Americans who were put out of work during the Obama years.

We’re just learning that Mezvinsky shut down his Eaglevale partners hedge fund just weeks after his mother-in-law Hillary Clinton lost the presidential election to Donald Trump.

Taking big losses betting on the financial problems in Greece, one could speculate that Mezvinsky and his high-profile business partners were hoping to cash in on their connections during a Hillary Clinton presidency.

Now, he and Chelsea are both out of work:

Bloomberg reports that Mr. Chelsea Clinton and his partners are now working to return money to investors, including Goldman Sachs CEO Lloyd C. Blankfein.

The decision to shutter the fund came just a few weeks after Mezvinsky’s mother-in-law Hillary lost the election to president Donald Trump.

Mezvinsky has kept a low profile ever since Hillary’s loss in the election, but was photographed by DailyMail.com heading out for a weekday jog in the middle of the afternoon last week.
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Eaglevale Partners was started in 2011 by Mezvinsky and his partners, with their former boss, Goldman Sachs CEO Lloyd C. Blankfein, one of the first investors.

Another is leading financier, Marc Lasry, co-founder of $13 billion hedge fund Avenue Capital, where Chelsea worked after graduating from Stanford.

‘I gave them money because I thought they would make me money,’ Mr Lasry told The Times last year, after investing $1 million in Eaglevale and urging a relative to do the same.

Mezvinsky was long gone from his job at Goldman in October 2013 when his mother-in-law Hillary was paid to give a speech to executives at the company during a technology conference in Arizona.

Mezvinsky was recently seen jogging in the middle of the work day.

No word if the power couple will be keeping their $10 million luxury apartment. Stretching from 26th Street to 27th Street off Madison Avenue, it reportedly holds the record as the longest apartment in the city.

Read more: http://www.thepoliticalinsider.com/c...#ixzz4YFBvIsrC

Chelsea Clinton's hubby flubs badly – out of a job

$25 million hedge fund loses 90% of value in bad bet on Greece



1 day ago

Hillary Clinton isn’t the only one in the Clinton clan who has recently lost a job.

Son-in-law Marc Mezvinsky is hitting the bricks following the monumental failure of his hedge-fund company, Eaglevale Partners.

The fund was quietly closed down in December, and now Mezvinsky and his partners are busy returning what money remains to investors. The group raised $25 million, reports Britain’s
Daily Mail and Bloomberg News, but the fund lost 90 percent of its value investing in bank stocks and debt from Greece.

Eaglevale clients were given a glowing report of the company’s Helenic Opportunity Fund in 2014, with Mezvinsky predicting Greece would soon be exiting its crisis on the way to “sustainable recovery.” But, by year’s end, it was apparent the Greek economy was set to crumble without a massive bailout from the Eurozone.

While the Clinton connection failed to save Eaglevale, it may have helped entice some of its biggest investors to bet on Greece. Among the big Wall Street names presumably losing significant money with Mezvinsky are Goldman Sachs CEO Lloyd C. Blankfein and Marc Lasry, co-founder of $13 billion hedge fund Avenue Capital, where Chelsea Clinton worked after graduating from Stanford.

“I gave them money because I thought they would make me money,” Lasry said last year. He told the London Times he had invested $1 million in Eaglevale and urged a relative to do the same.

Mezvinsky is no stranger to the perils of financial mismanagement. His father, Former Iowa Rep. Edward Mezvinsky, pleaded guilty to felony fraud in 2001 and served five years in federal prison for a $10 million Ponzi scheme that scammed friends and family.

It’s not immediately known how the setback will effect Mezvinsky and wife Chelsea’s lifestyle. The pair, married in 2010, purchased a 5,000-square-foot New York City apartment for $10 million shortly after Eaglevale was launched. Thanks to appreciation, its current value is estimated to be closer to $15 million.

The Clinton Foundation has been forced to change gears following Hillary’s loss to Trump in November. On Monday, the foundation announced that it was pulling out of Haiti, where it has been sharply criticized by locals for profiting from the 2010 earthquake while doing little to aid the island nation’s recovery. Last month, the foundation announced to its employees that it would be ending the Clinton Global Initiative, another controversial program.

Hillary may be down but not necessarily out. She is reportedly planning to write a book featuring a compilation of personal essays, “inspired by the hundreds of quotations she has been collecting for decades,” reported Associated Press.

“These are the words I live by,” Clinton said in a press release from her publisher, Simon & Schuster.

“These quotes have helped me celebrate the good times, laugh at the absurd times, persevere during the hard times and deepen my appreciation of all life has to offer,” she said.

In 2003, Simon & Schuster paid her an $8 million advance for her book “Living History.”

She has also renewed her relationship with the Harry Walker Agency where she previously commanded $200,000 or more for her speeches, in a move to test the waters for a comeback, reports the New York Post.

Read more at http://www.wnd.com/2017/02/chelsea-c...7F2LLKzuJ2M.99