Posted on 06/30/2015 5:08:18 PM PDT by PJ-Comix
Talk about a horrible way to start the week.
A number of hedge funds that were already bracing for losses on Greek debt also found out late Sunday night that they would likely have to swallow big losses on investments in Puerto Rico as well.
[SNIP!]
...Another loser in Greece has been Marc Mezvinsky, the husband of former, and potentially future, first child Chelsea Clinton. Mezvinsky’s firm EagleVale, which has made bets in Greece, was down nearly 4% last year. A small fund the firm runs that is completely dedicated to investing in Greece was down 48%.
(Excerpt) Read more at fortune.com ...
Little Clinton didn’t lose a thing. All the people whose money he “managed” lost.
I guess Chelsea’s speaking fees are going to spike up a bit.
they’re divorced already? First time I heard this.
Greek cattle futures are a BUY.
This isn’t the first time.
He had another bad call loss of several billion dollars a couple years ago.
Not a very smart investment manager.
Why didn’t he invest in cattle futures. I understand that is easy money.
Snowboarder Marc is losing other people's money. He profits from entry, exit, and annual management fees. Further, most of the investors likely consider their "investments" to be arms-length contributions to the clinton crime syndicate and don't expect a direct financial return anyway. There might be some dumb-sh!t liberals who invest their nest eggs out of some philosophical beliefs, but who cares if their accounts zero out?
How many cattle in Greece? I know they have lots of sheep & goats. The Minoans had cattle (sort of... does the Minotaur count?) before Santorini went KABLOOM!
That kinda killed the Cattle Futures market. Run by a bunch of Cretans. No wonder they have financial problems. Perfect place for the Clinton Extended Family. I hear they will be calling in their Nigerian "A" Team to fix things.
/S
PS, No offense intended to the Greeks among us. I was only mocking the Clinton 1%'ers.
No problem Chelsea can go on a speaking tour
“Further, most of the investors likely consider their “investments” to be arms-length contributions to the clinton crime syndicate ...”
I didn’t think of this, and it was a major mistake. Thanks.
“I’ve always resisted getting the international stuff for two reasons: there is a currency exchange risk involved always, and I don’t trust foreign governments to do smart, fair things in their markets.”
If your US stock portfolio includes large corporations (Exxon, Wal-Mart, GE, CocaCola, Citbank, Ford, Caterpillar) you have substantial international exposure in your portfolio. No need to buy international funds or stocks unless you just want to have higher exposure.
In addition, if you rely on US multinationals corporations international exposure, they are managing the currency risk, and the political risk, of their operations for their US investors. Better in many ways than buying a pure foreign play where management is not managing for US investors.
As to not trusting foreign governments to do smart fair things in their markets, I no longer trust the US government either. The US regulatory state is openly anti business.
Someone who wanted to make a large amount of money "disappear"?
Yep.
Not to worry, he has learned from his craven in-laws.... he will probably start a charity and live well ever after.
Why is it these finance guys with all the information they have access to make a dumb Bet like that?
If you follow just the basic financial news you would not play that market.
The Wall Street guys think they have super brains but they don’t.
What funny about this is that I bet a lot of the Clinton Globull cash had been laundered that way.
If so I feel so bad about it.BwAhahA
I bet Hillary would like to met with him to discuss it discreetly at Fort Mercy Park.
Who says he played it in that market? As someone above said, it could have just conveniently “disappeared.”
No one in the Clinton Syndicate loses money.
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