Hillary’s son-in-law, Marc Mezvinsky, ran a hedge fund called Eaglevale Hellenic Opportunity, which he is closing due to the fact that he lost his investor’s money. The fund lost 90% of it’s investor’s money. The fund was set up (Try not to laugh) to take advantage of the Greek economic recovery. Evidently, Mezvinsky is the only person in the world to not understand that there will never be a Greek recovery. Even as the European Union was loaning Greece billions of dollars, all parties involved realized that the loan was just kicking the can down the road.
This is not the first time Mezvinsky and his fund has been in the news. While Secretary of State, Hillary Clinton gave him favorable treatment when one of his investors, Harry Siklas, wanted to connect with someone in the State Department. Hillary forwarded the email to Deputy Secretary of State, Thomas Nides, asking him to take care of it. Siklas was interested in a mining venture and he wanted help with the rules and regulations that could hinder his endeavor. Siklas had the added advantage of being a Goldman Sachs employee.
“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.”
“Investors were told last month that the fund would close. The fund, Eaglevale Hellenic Opportunity, had raised $25 million from investors to buy Greek bank stocks and government debt.”
“Eaglevale Partners, a Manhattan hedge fund firm founded by Mr. Mezvinsky and two former Goldman Sachs colleagues, raised money for the Hellenic fund at a time when some on Wall Street had hopes for a revival in the Greek economy. For a time, Mr. Mezvinsky appeared at hedge fund conferences promoting the Greece investment thesis.”
“It is not clear why Eaglevale waited until this year to close the Hellenic fund, which already had lost about 40 percent of its value by early last year.”
If I were a cynic, I would guess the hedge fund was just another way for Goldman Sachs to transfer money to the Clintons. Okay, so maybe I’m a cynic.