You can’t help but be impressed by the scale of failure and corruption that seems to follow the Clintons.
Rarely in history has one family gotten so rich despite being immoral failures and wastes of human flesh. They must give hope to Arkansas white trash that aspires to fail their way to the top.
We are now learning that once again they have bilked people out of millions of dollars and in typical Clinton fashion will walk away unscathed from the fiery wreckage of their failure.
The husband of Hillary Clinton’s daughter Chelsea is alleged to be in the process of shutting down his Greek hedge fund. Marc Mezvinsky has few other options that closure after the fund is believed to have fallen 90% in value.
“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,” as reported by the New York Times.
“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.
“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.”
The failure of this fund comes despite many high profile investors boosting the fund up when it was initially struggling. Some of these early investors included partners from Goldman Sachs, such as the CEO Lloyd C. Blankfein. In marketing the fund, Mezvinsky was even able to use the Goldman name.
It comes as a surprise that the fund was not closed sooner than it was, as by early 2015, it had already fallen by 40% in value.
Source: Weekly Standard