Couldn't happen to a nicer bunch of people - from Bloomberg:
Chelsea Clinton's Husband Closes His Hedge Fund
Eaglevale Partners, the hedge fund co-founded by Marc Mezvinsky, the son-in-law of Hillary and Bill Clinton, closed in December, according to a person with knowledge of the matter.
Eaglevale, based in New York, is in the process of returning money to clients, said the person who asked not to be named because the firm is private.
That was the primary hedge fund. There was a secondary fund that closed in May of 2016 - The Daily Caller:
Chelsea Clinton’s Husband Closing Hedge Fund After Losing 90 Percent Of Its Money
Chelsea Clinton’s husband is shutting down a hedge fund he founded after losing 90 percent of investors’ money.
Marc Mezvinsky promoted Eaglevale Hellenic Opportunity as a means to bet on, and profit from, a Greek economic recovery. The fund was a spinoff of Eaglevale Partners, a larger hedge fund founded by Mezvinsky and two colleagues from his days working at Goldman Sachs.
Eaglevale Hellenic Opportunity specialized in buying up Greek stocks and government debt, betting the country would finally get its house in order and come roaring back. Mezvinsky argued in 2014 that, despite many signs to the contrary, Greece would soon be on the road to “sustainable recovery” and investors would be able to take advantage.
And the Clinton's own finances are not doing that well - from this December 29, 2016 post at Heat Street:
No Longer Selling Access, the Clinton Foundation Begs for Funds
The Clintons have always claimed their family charitable foundation was able to raise so much money because, deep down, Saudi princes and Ukrainian oligarchs are really concerned about poor children in Haiti.
It will be interesting to see if past Clinton Foundation donors will continue their generous giving in the years to come. Hillary’s shocking defeat in the presidential election means that no member of the Clinton dynasty currently holds, or is running for, a powerful government position.
The donors were donating to get something in return - pay for play. Corruption plain and simple. Nice to see it falling apart. I wonder when Chelsea and Marc's apartment is going on the market.
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