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Clinton Son-In-Law’s Investment Fund Shut Down After 90% Loss
HeatStreet ^ | 5/11/2016 | Andrew Stiles

Posted on 05/11/2016 8:58:47 AM PDT by simpson96

Hillary Clinton’s son-in-law, the mediocre money manager Marc Mezvinsky, is shutting down a special Greece-focused investment fund that had lost nearly 90 percent of its value over the past two years.

The Eaglevale Hellenic Opportunity fund, which had raised $25 million from investors, was pitched as a bet on economic recovery in Greece—that hasn’t panned out, exactly. The fund reported a 48% decline in 2015, when Mezvinsky told investors that his firm’s predictions about the Greek economy had “proved incorrect,” and hasn’t recovered.

Mezvinsky, who married Chelsea Clinton in 2010, founded the investment firm Eaglevale Partners two years later with the help of Goldman Sachs CEO Lloyd Blankfein, a prominent Hillary Clinton supporter. Billionaire investor and Democratic megadonor Marc Lasry was also an early investor in Eaglevale.

The firm, which manages about $330 million in total, is down 1 percent on the year, which is slightly worse than average for hedge funds. Since its inception, Eaglevale has posted what the New York Times described as “uneven performance.”

Mezvinsky’s financial trouble is unlikely to concern wife Chelsea, who has said she could never bring herself to care about money. That didn’t stop her from turning down a $600,000 annual salary at NBC News to do basically nothing except interview the Geico gecko from time to time. The couple lives in $10 million luxury condo in Manhattan’s trendy Flatiron District.

Mezvinsky’s father, former congressman Edward Mezvinsky, served five years in prison for stealing money from his friends, family and associates through a series of crude scams.

(Excerpt) Read more at heatst.com ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: blankfein; chelseahusband; clintoncrimefamily; clintonfoundation; eaglevale; goldmansachs; greece; marcmezvinsky; mezvinsky; tomnides
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To: Kickass Conservative

Did you ever think you’d see a chipmunk that wasn’t cute?


41 posted on 05/11/2016 10:01:59 AM PDT by simpson96
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To: simpson96

Oh, the grueling speech schedule must be an absolute bear.


42 posted on 05/11/2016 10:02:49 AM PDT by Attention Surplus Disorder (I apologize for not apologizing.)
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To: simpson96

I blame the Hat. LOL


43 posted on 05/11/2016 10:02:52 AM PDT by Kickass Conservative (Hillary Clinton has killed four more People than Three Mile Island.)
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To: Kickass Conservative

Or could it be the hair??

44 posted on 05/11/2016 10:08:32 AM PDT by simpson96
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To: simpson96

If you see that pic on the left, there is no way that isn’t Webb Hubbell’s kid.

I’d be willing to bet that Bill has always shot blanks.


45 posted on 05/11/2016 10:09:45 AM PDT by dfwgator
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To: simpson96

What is missing from the article is that this is the second time it has happened! In 2010 he lost $300 million from another fund. And it was reported then that he (they?) may have covered it up for some time.

I believe that was the same year he married Chelsea !


46 posted on 05/11/2016 10:10:34 AM PDT by Bartholomew Roberts
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To: Farmer Dean
Investing in Greece today is about as smart as buying German war bonds in February 1945.

Along the same line, there's the story of a German General buying an estate in East Germany - in LATE 1944.

47 posted on 05/11/2016 10:12:22 AM PDT by Oatka (Beware of an old man in a profession where men usually die young.)
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To: simpson96

Since I have a Face fit for Radio, I won’t comment on looks except to say that the Woman in the other picture wearing the Black Hat has NO resemblance to the picture on the right.

Of course, I think little Chelsea is as ugly on the inside as her Dear Mother. She learned from the best.


48 posted on 05/11/2016 10:12:42 AM PDT by Kickass Conservative (Hillary Clinton has killed four more People than Three Mile Island.)
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To: simpson96

No big deal. I’m sure he’s a great fund manager. He can just ask his mother in law to keep the fund propped up with her Clinton “Charity” Fund money (wink wink) . Heck, maybe she already has been doing just that.


49 posted on 05/11/2016 10:13:17 AM PDT by uncitizen (Boycott London)
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To: thouworm

Many thanks for the links.


50 posted on 05/11/2016 10:14:15 AM PDT by Liz (SAFE PLACE? A liberal's mind. Nothing's there. Nothing can penetrate it.)
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To: joshua c

So I guess you never got an email from a Nigerian general. (smirk)

Mezvinsky was a marked sucker from the beginning. The cunning Nigerians knew he would believe anything.....and was greedy as all get out.

They kept upping the ante to get in on the “black ink” deal.....and Mezvinsky fell for it, hook line and sinker.


51 posted on 05/11/2016 10:19:17 AM PDT by Liz (SAFE PLACE? A liberal's mind. Nothing's there. Nothing can penetrate it.)
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To: simpson96

A neigbor’s cat used uglification on chipmunks.


52 posted on 05/11/2016 10:32:01 AM PDT by Calvin Locke
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To: simpson96
Mezvinsky’s financial trouble is unlikely to concern wife Chelsea, who has said she could never bring herself to care about money. That didn’t stop her from turning down a $600,000 annual salary at NBC News to do basically nothing except interview the Geico gecko from time to time. The couple lives in $10 million luxury condo in Manhattan’s trendy Flatiron District.

News flash to the writer. She didn't turn it down. Perhaps he/she meant to write "stop her from taking" or "cause her to turn down".

53 posted on 05/11/2016 10:37:09 AM PDT by zeugma (Today is Sweetmorn, the 58th day of Discord in the YOLD 3182)
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To: simpson96

That will teach those stupid investors for not “investing” in the Clinton Family Foundation Fund!


54 posted on 05/11/2016 10:45:15 AM PDT by Gritty (Assent to obvious lies is co-operating with evil. A society of liars is easy to control.-T.Dalrymple)
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To: simpson96

I’ll bet he is as crooked as his father and the whole Clinton family. My first question would be, “did he actually invest the money in the Greek scheme?” He may have simply pocketed a few million for himself. Once a crook, always a crook.


55 posted on 05/11/2016 12:00:59 PM PDT by BatGuano (You don't think I'd go into combat with loose change in my pocket, do ya?)
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To: null and void; aragorn; EnigmaticAnomaly; kalee; TWhiteBear; Salvation; WildHighlander57; ...

Check out article and comments,

esp # 7 , # 16 , # 22 ,

# 28 , # 33 , and # 36 .

56 posted on 05/11/2016 1:22:17 PM PDT by LucyT
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To: zeugma; LucyT

” The couple lives in $10 million luxury condo in Manhattan’s trendy Flatiron District.”

Replevy the equity in the condo. Either Hillary stole it, or this stooge Mezvinsky did.


57 posted on 05/11/2016 1:29:00 PM PDT by stephenjohnbanker (My Batting Average( 1,000) since Nov 2014 (GOPe is that easy to read))
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