Mr. Chelsea Clinton quietly shut down his hedge fund

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UFT Staff
Mr. Chelsea Clinton quietly shut down his hedge fund

Marc Mezvinsky quietly shut down his hedge fund Eaglevale Partners back in December.

Bloomberg reports that Mr. Chelsea Clinton and his partners are now working to return money to investors, including Goldman Sachs CEO Lloyd C. Blankfein.

The decision to shutter the fund came just a few weeks after Mezvinsky’s mother-in-law Hillary lost the election to president Donald Trump.

It was revealed last May that Mezvinsky suffered a huge loss after trying to bet on the revival of the Greek economy, forcing him to shut down one of his hedge funds.

He and his partners, former Goldman Sachs colleagues Bennett Grau and Mark Mallon, raised $25million from investors to buy up bank stocks and debt from the struggling nation.

That fund however has lost 90 percent of its value, investors with direct knowledge of the situation told The New York Times, and was closed.

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