Posted on 11/03/2006 2:10:16 PM PST by ivyleaguebrat
NEW YORK (Reuters) - Former first daughter Chelsea Clinton has joined Avenue Capital Group, a $12 billion hedge fund manager whose founder has contributed to many Democratic Party campaigns, a person familiar with the matter said on Friday.
Clinton, 26, the only child of former President Bill Clinton and U.S. Sen. Hillary Rodham Clinton, has taken a post at the New York-based fund manager in an undisclosed capacity, the source said.
Clinton, who graduated from Stanford University in 2001 and studied philosophy at Oxford University, most recently worked at consultants McKinsey & Co. from 2003.
Avenue which focuses on distressed securities investing was co-founded by Marc Lasry. Morgan Stanley this week bought a minority stake in Avenue.
Well-known in hedge fund circles, Lasry has contributed to political campaigns for Hillary Clinton, Al Gore, Bill Bradley, John Kerry and other Democrats in recent years, federal election records show. However, Lasry has also contributed lesser amounts to campaigns for President George W. Bush, the records show.
Chelsea Clinton couldn't be reached for comment. A spokeswoman for Avenue said the company "does not comment on issues of company personnel."
News of Clinton's hire was reported by the New York Daily News on Friday.
So she's in landscaping now...? ;)
So, is she just paid to be expensive window dressing or is she a hard worker? It'd be interesting to hear from someone who worked with her.
Gee, nepotism at work again.
When is her Senate run?
I bet she's an expert at landscaping, a la Brazilian.
Whatever happened to her wedding and/or boyfriend?
Ewww
SELL!
And this is news how & why...???
Bet she`s an expert in cattle futures.
She'll have to pick which state she wants run in first.
Hedge fund, hedge hog ... what's the problem?
I was talking about conservation of the rain forest, what did you think I meant?
Somebody please show Miss Clinton how to change the toner cartridge again.
Just watching the train wreck claim another victim. The Clintons her parents are corrupt, and they corrupt all around them.
it's a perfect plan. Bill and Hill are using their daughter to help launder millions of dollars thru the hedge fund. She is their ticket to clean all that dirty chinese, drug, illegal, drug, and prostitute money they have.
Can we rename the Clintons the Hedgehogs!
Democrats, party of the little guy.
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