We have now learned that the writing may have been on the wall for awhile as the hedge fund shut down its Hellenic Opportunity fund after it lost 90% of the 25 million Mezvinsky and co. had rasied.Chelsea Clinton’s husband Marc Mezvinsky joined the millions of Americans who were put out of work during the Obama years.
We’re just learning that Mezvinsky shut down his Eaglevale partners hedge fund just weeks after his mother-in-law Hillary Clinton lost the presidential election to Donald Trump.
Taking big losses betting on the financial problems in Greece, one could speculate that Mezvinsky and his high-profile business partners were hoping to cash in on their connections during a Hillary Clinton presidency.
Now, he and Chelsea are both out of work:
Bloomberg reports that Mr. Chelsea Clinton and his partners are now working to return money to investors, including Goldman Sachs CEO Lloyd C. Blankfein.
The decision to shutter the fund came just a few weeks after Mezvinsky’s mother-in-law Hillary lost the election to president Donald Trump.
Mezvinsky has kept a low profile ever since Hillary’s loss in the election, but was photographed by DailyMail.com heading out for a weekday jog in the middle of the afternoon last week.
Eaglevale Partners was started in 2011 by Mezvinsky and his partners, with their former boss, Goldman Sachs CEO Lloyd C. Blankfein, one of the first investors.
Another is leading financier, Marc Lasry, co-founder of $13 billion hedge fund Avenue Capital, where Chelsea worked after graduating from Stanford.
‘I gave them money because I thought they would make me money,’ Mr Lasry told The Times last year, after investing $1 million in Eaglevale and urging a relative to do the same.
Mezvinsky was long gone from his job at Goldman in October 2013 when his mother-in-law Hillary was paid to give a speech to executives at the company during a technology conference in Arizona.
Mezvinsky was recently seen jogging in the middle of the work day.
No word if the power couple will be keeping their $10 million luxury apartment. Stretching from 26th Street to 27th Street off Madison Avenue, it reportedly holds the record as the longest apartment in the city.