Caleb Howe reveals what REALLY went wrong with Chelsea Clinton's husband's hedge fund

https://twitter.com/Roger247/status/730919663958298624

Have you heard? Chelsea Clinton’s husband Marc Mezvinsky is shutting down his hedge fund:

Chelsea Clinton’s Husband Closing Hedge Fund After Losing 90 Percent Of Its Money: https://t.co/fIVE4gOqXR pic.twitter.com/GO4wTCkGBd

— Daily Caller (@DailyCaller) May 12, 2016

More from The Daily Caller:

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.

…

The effect on Mezvinsky’s hedge fund has been gruesome. It raised $25 million for its investments, but had already lost about 40 percent of its value by early 2015. Rather than shuttering the fund then, Mezvinsky pressed ahead.

Now, The New York Times’ DealBook reports, the end has finally come, but only after the fund lost 90 percent of investors’ money. The fund’s closure was reportedly announced to investors a month ago.

Now, you might think that all this happened because Mezvinsky was reckless and irresponsible. But you’d be wrong. RedState’s Caleb Howe knows what the real problem was:

https://twitter.com/CalebHowe/status/730919199330213888

Ha! Chelsea feels his pain.

https://twitter.com/RobL777/status/730927761422987265

No kidding. It’s rough being dead broke!

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Related:

She’s just like us! Chelsea Clinton reveals her struggle to care about money [Photoshop]