He’ll go to work for the Foundation, counting Russian money
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.
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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?