Bill and Hillary Clinton got some sad news this week when their son-in-law Marc Mezvinsky, husband of Chelsea Clinton, shut down his hedge fund.
Yahoo News reported that Eaglevale Partners, the New York-based hedge fund cofounded by Mezvinsky, closed one month after the election and is still giving money back to it’s clients. Mezvinsky has always had problems in the hedge fund world, as he was forced to close down Eaglevale Hellenic Opportunity in May of 2016. With that hedge fund, he was betting on a possible Greek comeback from the depths of the country’s years-long financial crisis.
However, when the economic issues in Greece continued, the Eaglevale Hellenic Opportunity lost 48% in 2015.
Mezvinsky was likely hoping that a win by Hillary in the presidential election would boost his latest hedge fund. When that didn’t happen, he had no choice but to close down, leaving him and his wife Chelsea facing an uncertain future.
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