Hedge Fund Manager loses 90 percent of investors’ money
Posted: Sun May 15, 2016 10:47 am
by RealJustme
Chelsea Clinton’s husband is shutting down a hedge fund he founded after losing 90 percent of investors’ money.
Marc Mezvinsky promoted Eaglevale Hellenic Opportunity as a means to bet on, and profit from, a Greek economic recovery. The fund was a spinoff of Eaglevale Partners, a larger hedge fund founded by Mezvinsky and two colleagues from his days working at Goldman Sachs.
His insider information that the the US would bail Greece out was foiled by Congress who refused the State Department's efforts to loan Greece 100's of billions more. He should be under criminal investigation and investors should be suing his ass off.
Re: Hedge Fund Manager loses 90 percent of investors’ money
Posted: Sun May 15, 2016 10:52 am
by johnforbes
Geez, how much money did he walk away with?
After all, I'm confident that, if I ran a hedge fund, I could do much better than losing 90 percent of the invested amount.
I've had bad years investing (1987, 2000, 2008), but nothing remotely like that.
Re: Hedge Fund Manager loses 90 percent of investors’ money
Posted: Sun May 15, 2016 12:58 pm
by sillydaddy
$25M?.....that's pocket change to the Clintons...
you would think that Hillary and Bubba would help out their "children" and..
pay back their investors....after all, many are their friends and donors to the Foundation.
But I guess when it comes to money the Clintons have no friends.....only pigeons :lol: :lol: