Great move moneybags - from BoingBoing:
Chelsea Clinton's husband shuts down vulture fund after losing 90% of his investors' money
Chelsea Clinton's husband Marc Mezvinsky is a Goldman Sachs alumnus; in 2014, he founded Hellenic Opportunity, a hedge fund that raised $25M to bet on distressed assets from Greece's collapsed economy, wagering that the country's investors would force it to make deeper cuts to finance payments on the debts.
The fund lost 40% of its value in its first year. It shut down last month, having lost 90% of its investors' cash (Mezvinsky will have earned $250,000/year to manage the fund, assuming he had the standard 2% hedge fund deal).
Another braying nincompoop completely out of touch with the real world. He figured Greece would come roaring back to life - when has that ever happened with a socialist government in power such as Greece. Their economy is more moribund than ours and that is saying something.
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