Clinton Son-in-Law’s Firm Is Said to Close Greece Hedge Fund (down 90%)

New York Times ^ | May 10, 2016 | ALEXANDRA STEVENSON and MATTHEW GOLDSTEIN

[reaganaut1]

It was a hedge fund portfolio pitched by Hillary Clinton’s son-in-law, Marc Mezvinsky, as an opportunity to bet on a Greek economic revival.

Now, two years later, the Greece-focused fund is shutting down, after losing nearly 90 percent of its value, according to two investors with direct knowledge of the matter who spoke on the condition of anonymity.

Investors were told last month that the fund would close. The fund, Eaglevale Hellenic Opportunity, had raised $25 million from investors to buy Greek bank stocks and government debt.

Eaglevale Partners, a Manhattan hedge fund firm founded by Mr. Mezvinsky and two former Goldman Sachs colleagues, raised money for the Hellenic fund at a time when some on Wall Street had hopes for a revival in the Greek economy. For a time, Mr. Mezvinsky appeared at hedge fund conferences promoting the Greece investment thesis.

Mr. Mezvinsky is married to Chelsea Clinton, the daughter of former President Bill Clinton and Mrs. Clinton, the former secretary of state who is seeking the Democratic nomination for president.

Betting on Greece has proved to be tricky — some investors have made huge gains while others have had their fingers burned, depending on the timing of their bets.

And the last 17 months have been especially difficult for a number of hedge funds, even ones run by some of the best-known managers.

[surrey]

The guy’s probably severely depressed having that hag for a wife.

[Hot Tabasco]

The reason the Clinton’s only have one child.

Bill is sterile and Chelsea belongs to Web Hubbell.......That's also why she's an only child.

[Hot Tabasco]

The fund, Eaglevale Hellenic Opportunity, had raised $25 million from investors to buy Greek bank stocks and government debt.

So what happens with Marc Mezvinsky? Is he the only one who ultimately made money or does he take a loss too?

[Pearls Before Swine]

It’s a bribe, but an inefficient one. Donating to the Foundation is direct, and gets the funds right to the intended recipients.

[oscar_diggs]

How the heck can they afford to live there???
*******************
Collect $25M (small potatoes)
Invest or claim to invest stupidly
Cash out what you want for yourself and collapse the rest..
or do the Hillary cattle future thing ,, keep the winners and give your investors the losing trades ,, you control the paperwork after all...

OOPS! your moneys gone! (but I’m rich)

[oscar_diggs]

Translation: We stole everything we could get our hands on, its time to split.....
*********
You understand...

[zzwhale]

DID ANYONE LOOK TO SEE WHO THE “FUND” PURCHASED THE GREEK SECURITIES FROM...

hey lets start a hedge fund and dump this greek crap we own on the “investors”....

hedge funds
foundations
fraud
tax evasion
money laundering

its all such fun.......

after all MONEY DOESN’T MATTER.....FUGLY CHELSEA SAID SO....