Hedge Fund Run by Chelsea Clinton's Husband Loses 90% of Value

He bet investors' money on the Greek economy and lost
By Michael Harthorne,  Newser Staff
Posted May 11, 2016 1:56 PM CDT
Hedge Fund Run by Chelsea Clinton's Husband Loses 90% of Value
Marc Mezvinsky and Chelsea Clinton attend amfAR's Annual New York Honors Gala at Cipriani Wall Street in New York last year.   (Photo by Andy Kropa/Invision/AP)

Chelsea Clinton's husband, Marc Mezvinsky, runs a hedge fund focused on global politics and the world economy. Vanity Fair calls it a "cozy specialty for a man related to a former president and a former secretary of state who is currently the front-runner to take the Oval Office in 2017." Unfortunately, that connection doesn't seem to be helping Mezvinsky much. The New York Times reports he's closing down a hedge fund portfolio related to the Greek economy after it lost nearly 90% of its value in only two years.

Mezvinsky initially raised $25 million from investors for his Eaglevale Hellenic Opportunity fund and used the money to buy Greek bank stocks and government debt. But the hoped-for Greek rebound never came, and now those investors are out a lot of money. Two of them went to the Times anonymously to report on the fund shutting down. According to the Times, it's unclear why Mezvinsky waited so long to close the fund, as it had already lost about 40% of its value by early 2015. (More hedge fund stories.)

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