Chelsea Clinton’s husband, Marc Mezvinsky closed Eaglevale Partners in December, reports Bloomberg. He and his partners are in the process of returning the funds back to clients.
The Daily Caller reports:
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Mezvinsky closed a failed spin-off of Eaglevale in May, 2016, after losing 90 percent of its funds on a failed bet on the Greek economy. Eaglevale Hellenic Opportunity bought up Greek stocks and government debt in hopes the troubled country would get back on a healthy financial path and its economy would come roaring back. But the recovery didn’t happen, and the fund lost almost all the invested money before it was shut down.
The larger fund was founded by Mezvinsky and two former Goldman Sachs traders who worked with him at the bank, Bennett Grau and Mark Mallon.
More bad news for Chelsea Clinton! Mommy and Daddy’s Clinton Foundation is drying up because they no longer have influence to sell and now her husband’s hedge funds have flopped. I’m sure Hillary Clinton is pleased with this news as she was fiercely against everything Wall Street during her Presidential campaign.
— Allen West (@AllenWest) February 8, 2017