Clinton Son-In-Law Running Out Of Financial Industries To Try

(snip) he tried the banking thing out for a while. But eight years at Goldman Sachs has a way of wearing on a guy, and so he decided to give the private equity thing a try. After marrying the daughter of a former president and then-current Secretary of State and future president, however, Mezvinsky decided to strike out on his own in yet another new field, hedge funds. That didn’t take, either, mostly because he and his partners lost most of their investors’ money, and that West Wing office he had his eye on went to Jared Kushner. So after a few months on the couch with the kids, Mezvinsky chose to reinvent himself one more as a venture capitalist, joining Social Capital as vice chairman, where he would be charged with making Social look less like a VC shop.

Well, Social CEO Chamath Palihapitiya has decided that he actually likes being a VC after all, and so there’s no place left for Mezvinsky (and a whole host of others).

"Venture capital firm Social Capital on Monday will announce an organizational shakeup, including the departures of growth equity chief Tony Bates (ex-president of GoPro) and vice chairman Marc Mezvinsky (former hedge fund manager and husband of Chelsea Clinton)…."

Mezvinsky’s role was a bit more confusing but, in short, he was supposed to help scale Social Capital into a much broader asset management firm, which would include a credit business. That plan has been scrapped, and there won’t be a credit fund.

So Mezvinsky is left once again to find his bliss elsewhere. Perhaps a mutual fund? Insurance? Infrastructure’s hot these days. Or perhaps he’ll just accept his fate and a lucrative sinecure at the Clinton Foundation?

Secy Hillary kept a sharp eye on valuable US intelligence assessing the chances of a bailout of the Greek central bank
b/c her SIL's hedge fund was heavily invested in Greece, and financed by Goldman Sachs.

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Most egregiously, then-Secy Hillary used her State Dept position to suck-up to Mideast oil billionaires for her SIL...as the bodies of four Americans lay brutally murdered in Benghazi.

(Excerpt) Read more at judicialwatch.org ... On September 15, in a telephone call with then-Egyptian Foreign Minister Mohamed Amr, Secy Clinton emphatically portrayed the “stupid, very offensive film” as the root cause of the Benghazi violence.

Clinton told Amr, “I have repeatedly, as has the President and other officials in our government, deplored not only the content of this stupid, very offensive film… But we have to exercise more self-discipline… otherwise we’ll be in a vicious downward circle against everyone who has ever felt offended, particularly on the internet….”

After referring to Benghazi, Secy Clinton’s telephone call with then-Egyptian Foreign Minister Mohamed Amr also contained a curious reference to what the former secretary referred to as a “very successful investment visit led by my deputy Tom Nides, and on the very day they left, this series of incidents began to unfold.”

According to the Washington Post, Nides, who was deputy secretary for management and resources at the State Department, was at the same time responsible for “communications with donors” to the Clinton Foundation.

Nides was also involved in the earlier scandal involving Clinton’s efforts to provide special access to State Department officials for hedge fund clients of her son-in-law, Marc Mezvinsky ....who was financed by Goldman Sachs.

NY TIMES 2015 report----"For the Clintons a hedge fund in the family."

EXCERPT When Chelsea's hubby, Mark Mezvinsky, and his partners began raising money in 2011 for a new hedge fund firm, Eaglevale Partners, a number of investors in the firm were longtime supporters of the Clintons, according to interviews and financial documents reviewed by The New York Times. Tens of millions of dollars raised by Eaglevale can be attributed to investors with some relationship or link to the Clintons.

The investors include hedge fund managers like Marc Lasry and James Leitner; an overseas money management firm connected to the Rothschild family; and people from Goldman Sachs, including the chief executive, Lloyd C. Blankfein. Some of the investors in Eaglevale have contributed campaign money to the former president and Mrs. Clinton. Some have also contributed to the family’s foundation.

Identifying who put money into Eaglevale, a roughly $400 million fund that has had underwhelming returns for much of its brief history, is difficult because hedge funds do not publicly disclose their investors.

Still, the overlap between at least some of Eaglevale’s investors and backers of the Clintons illustrates how politics and finance can intersect and shows the fine line the Clinton family must navigate as their charitable and business endeavors come under scrutiny in an election cycle.

SNIP

Mr. Lasry, a co-founder of the big hedge fund Avenue Capital and a longtime friend and financial backer of both the former president and Mrs. Clinton, said he invested $1 million in Eaglevale. In an interview in his Park Avenue office, adorned with many photos of him with the former president, he said that he recommended that his relative by marriage, Craig Effron, another hedge fund manager, also invest in the fund. “I gave them money because I thought they would make me money,” said Mr. Lasry, whose $13 billion firm was one of the first places Chelsea worked after graduating from Stanford.

A number of other investors reached by The Times declined to be interviewed.

Rest here: http://www.nytimes.com/2015/03/23/business/dealbook/for-clintons-a-hedge-fund-in-the-family.html?

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