NYT: “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.”
Most people met Marc when he married Chelsea Clinton. He graduated Stanford with a BA in religious studies and philosophy, an MA in politics and philosophy from Oxford, and became a partner at 3G Capital where he managed portfolios.
WSJ: “The hedge fund co-founded by Bill and Hillary Clinton ’s son-in-law suffered losses tied to an ill-timed bet on Greece’s economic recovery, according to documents reviewed by The Wall Street Journal. …
A smaller Eaglevale fund focused only on Greece plunged 48% last year, said the person familiar with the situation, hurt by the belief Greece’s economy will see a quick rebound. …
Since its founding, Eaglevale has spent 27 of its 34 months in operation below its “high-water mark,” a term that describes whether a Day One investor is in the black.”
Mezvinsky wrote letters to investors promoting the fund and expressing optimism in the eventual turnaround of Greece 2 years ago.
The NY Times story ends describing the tax deduction benefits available to investors on their losses.
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NYT: Clinton Son-in-Law’s Firm Is Said to Close Greece Hedge Fund
WSJ: Hedge Fund Co-Founded by Chelsea Clinton’s Husband Suffers Losses Tied to Greece
Burst Updates 
Rifleman III
May 11, 2016
Reblogged this on Rifleman III Journal.
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