{"id":181582,"date":"2016-05-13T19:46:00","date_gmt":"2016-05-14T00:46:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2016\/05\/13\/what-a-lovely-family\/"},"modified":"2016-05-13T19:46:00","modified_gmt":"2016-05-14T00:46:00","slug":"what-a-lovely-family","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2016\/05\/13\/what-a-lovely-family\/","title":{"rendered":"What a Lovely Family"},"content":{"rendered":"<p>Chelsea Clinton&#8217;s husband, Marc Mezvinsky, just <a href=\"http:\/\/www.zerohedge.com\/news\/2016-05-10\/hillary-clinton-son-laws-firm-shuts-down-greek-hedge-fund-after-90-loss\">shuttered a hedge fund after losing 90% of his investor&#8217;s money<\/a>: <\/p>\n<blockquote><p><span style=\"color: blue;\">Despite having Goldman Sachs CEO Lloyd Blankfein as an investor and being Bill and Hillary Clinton&#8217;s son-in-law, Marc Mezvinsky (and two former colleagues from Goldman Sachs who manage Eaglevale Partners hedge fund) told investors in a letter last February they had been &#8220;incorrect&#8221; on Greece, generating staggering losses for the firm\u2019s main Eaglevale Hellenic Opportunity, a\/k\/a the &#8220;Greek recovery&#8221; fund during most of its life. By &#8216;incorrect&#8217; the Clinton heir apparent meant the $25 million Eaglevale Greek fund had lost a stunning 48% in 2014.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">Which is not to say the larger fund it was part of is doing any better: as of last February, Eaglevale had spent 27 of its 34 months in operation below its high-water mark. We are confident that 13 months later the numbers are 40 out of 47, respectively.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">\u2026\u2026\u2026<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">Meanwhile, things went from terrible to abysmal for both the clueless hedge fund manager and his LPs, and as the <a href=\"http:\/\/www.nytimes.com\/2016\/05\/11\/business\/dealbook\/clinton-son-in-laws-firm-is-said-to-close-greece-hedge-fund.html?ref=international\">NYT reports<\/a>, Hillary Clinton&#8217;s son-in-law is finally shutting down the Greece-focused fund, <b>after losing nearly 90% of its value.&nbsp; <\/b>Investors were told last month that Eaglevale Hellenic Opportunity would finally be put out of its misery and would shutter. <\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">The  closure comes as the worst possible time: we are confident that Donald  Trump will be quick to work it into his political attack routine. <\/span><\/p><\/blockquote>\n<p>While there is no indication of legal or ethical wrong doing, I guarantee that Mezvinsky made his millions in various fees out of this fiasco.<\/p>\n<p>This might be <b>ONE<\/b> reason why Clinton is so dedicated to preserving the, &#8220;Heads I win, tails you lose,&#8221; ethos of&nbsp; Wall Street.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chelsea Clinton&#8217;s husband, Marc Mezvinsky, just shuttered a hedge fund after losing 90% of his investor&#8217;s money: Despite having Goldman Sachs CEO Lloyd Blankfein as an investor and being Bill and Hillary Clinton&#8217;s son-in-law, Marc Mezvinsky (and two former colleagues from Goldman Sachs who manage Eaglevale Partners hedge fund) told investors in a letter last &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004,965,978],"tags":[],"class_list":["post-181582","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-hillary-clinton","category-politics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/181582"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=181582"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/181582\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=181582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=181582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=181582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}