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In reply to the discussion: Goldman Sachs CEO Key Investor in Hillary's Son-In-Law's Hedge Fund [View all]Ichingcarpenter
(36,988 posts)4. Chelsea Clinton's Husband Suffers Massive Hedge Fund Loss On Greek Investment
They bet with the IMF and the banksters and got it wrong
Chelsea Clinton's Husband Suffers Massive Hedge Fund Loss On Greek Investment
Despite having Goldman Sachs CEO Lloyd Blankfein as an investor and being Bill and Hillary Clinton's son-in-law, Marc Mezvinsky (and two former colleagues from Goldman Sachs who manage Eaglevale Partners hedge fund) told investors in a letter sent last week they had been "incorrect" on Greece, helping produce losses for the firms main fund during two of the past three years. By 'incorrect' Chelsea Clinton's husband means the Eaglevale fund focused on Greece lost a stunning 48% last year and, as The Wall Street Journal reports, is impacting the overall returns of the roughly $400 million fund which has spent 27 of its 34 months in operation below its "high-water mark."
In 2013, Institutional Investor proclaimed Mezvinsky "a hedge fund rising star"...
In late 2011, Marc Mezvinsky co-founded New York-based, macro-focused hedge fund firm Eaglevale Partners with Bennett Grau and Mark Mallon, two Goldman Sachs Group proprietary traders whom he'd gotten to know when they all worked at the bank. Best known as the husband of Chelsea Clinton, Mezvinsky, 35, who has a BA in religious studies and philosophy from Stanford University and an MA in politics, philosophy and economics from the University of Oxford, has been quietly building his finance career. Before launching his own firm, the longtime Clinton family friend was a partner and global macro portfolio manager at New York- and Rio de Janeiro-based investment house 3G Capital. Eaglevale manages more than $400 million.
But, as The Wall Street Journal reports, things are not working out so well...
The hedge fund co-founded by Bill and Hillary Clinton s son-in-law suffered losses tied to an ill-timed bet on Greeces economic recovery, according to documents reviewed by The Wall Street Journal.
Eaglevale Partners LP, founded by Marc Mezvinsky and two former colleagues from Goldman Sachs Group Inc., told investors in a letter sent last week they had been incorrect on Greece, helping produce losses for the firms main fund during two of the past three years, according to the letter.
The main fund dropped 3.6% last year, far trailing the 5.7% rise for similar hedge funds tracked by HFR Inc. That followed an Eaglevale gain of 2.06% in 2013 and a loss of 1.96% in 2012, the documents show
http://www.zerohedge.com/news/2015-02-03/chelsea-clintons-husband-suffers-massive-hedge-fund-loss-greek-investment
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Yeah, and how many degrees of separation can you claim from anyone engaged in wrongdoing?
stevenleser
Feb 2015
#55
Who's ''us?'' And how many degrees of separation are needed to gain or lose one's integrity?
Octafish
Feb 2015
#59
It has everything to do with the issue, because tagging Hillary with this is stupid
stevenleser
Feb 2015
#66
No, it doesn't, any more than the conduct of your third cousin twice removed
stevenleser
Feb 2015
#71
Oh. If you're asking me how many degrees of separation from me to the banksters, a lot.
Octafish
Feb 2015
#63
Look up the concept of six degrees of separation. It will explain everything. Nt
stevenleser
Feb 2015
#72
NO GOVERNMENT EMPLOYEE SHOULD BE ALLOWED TO MOONLIGHT FOR PRIVATE COMPANIES.
JDPriestly
Feb 2015
#89
I heard his cousin was also best friends in elementary school with Chelsea's neighbor's uncle
alcibiades_mystery
Feb 2015
#3
These connections between bankers and politicians have been well documented for quite some time
btrflykng9
Feb 2015
#32
Chelsea Clinton's Husband Suffers Massive Hedge Fund Loss On Greek Investment
Ichingcarpenter
Feb 2015
#4
So you are outraged that Chelsea Clinton married someone without getting your approval first? nt
geek tragedy
Feb 2015
#8
Yeah no big deal that the undeclared Democratic candidate is in bed with the very people that
ChosenUnWisely
Feb 2015
#9
Your friend is trying--he/she is trying to bowl you over with his/her "vehicular!"
MADem
Feb 2015
#27
agree that mm's pretense of not knowing the meaning of 'in bed with' was manipulative ==
ND-Dem
Feb 2015
#93
What specific personal relations and relevant careers of in-laws should be used to disqualify
LanternWaste
Feb 2015
#12
And a similar question, how many degrees of separation do you need from anyone accused of wrongdoing
stevenleser
Feb 2015
#54
Is it safe to assume you'd react the same if this story was about a republican candidate's family?
whatchamacallit
Feb 2015
#44
Yes. Whom Chelsea Clinton marries is none of my--or your--fucking business.
geek tragedy
Feb 2015
#45
Normally, I'm willing to give some of these stories the benefit of the doubt when there's a lot of
hughee99
Feb 2015
#10
Yeah, this is silly. Son in Law? Is that to what the anti-Hillary crowd has reduced themselves?
stevenleser
Feb 2015
#43
Nothing to see here. It's not like all of us other progressives don't have Goldman investing in us.
Scuba
Feb 2015
#15
+100. and we all have friends and relatives who are crooks, too. (just not as successful at
ND-Dem
Feb 2015
#95
So he pays himself $2M/yr to lose his investor's money, while similar hedge funds made
Faryn Balyncd
Feb 2015
#17
If Hillary is like my mother-in-law, this would be bad for the Goldman Sachs CEO
FLPanhandle
Feb 2015
#20
Well, you would certainly know about indefensible messengers, octafish of DU...
SidDithers
Feb 2015
#105