— Rogelio (@Roger247) May 13, 2016
Have you heard? Chelsea Clinton’s husband Marc Mezvinsky is shutting down his hedge fund:
— The 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:
He tried to care about money but couldn't. Like at all. Not even other people's. https://t.co/R8nHDRnTqC
— Caleb Howe (@CalebHowe) May 13, 2016
Ha! Chelsea feels his pain.
@CalebHowe Gosh, I hope they don't live in poverty after this!
— Robin Little (@RobL777) May 13, 2016
No kidding. It’s rough being dead broke!