Chelsea Clinton hedge fund

Chelsea Clinton hedge fund

September 29, 2018
Chelsea Clinton s husband Marc
Marc Mezvinsky bill clintonREUTERS/Lucas JacksonMarc Mezvinsky with Bill Clinton in New York, September 23, 2012.

This article by Matt Goldstein and Steve Eder proposed that Mezvinsky, who is hitched to Chelsea Clinton, was capable of getting usage of people with connections to the Clintons for the hedge investment he cofounded which includes had "underwhelming returns."

Back 2011, Mezvinsky, now 37, as well as 2 previous Goldman Sachs colleagues — Bennett Grau and Mark Mallon — began raising money for Eaglevale Partners LP.

A few of Eaglevale's people consist of hedge investment billionaire Marc Lasry and Goldman Sachs CEO Lloyd Blankfein, the report said.

Lasry, a long-time Clinton friend, runs Avenue Capital, in which Chelsea formerly worked after graduating from Stanford. Lasry informed the occasions which he "gave them money because I thought they might make me personally money."

A Goldman spokesman informed the changing times that Blankfein purchased Eaglevale as a result of his relationship with Grau, the investment's primary investment officer. Within DealBook meeting in December, Blankfein, that has been a solid supporter of Democrats before, stated he'd "always been a fan of Hillary Clinton."

Hillary Clinton is expected to announce her presidential campaign shortly.

But one resource stated Mezvinsky didn't boost that much money.

An individual briefed on the matter and near the firm stated the amount of investor cash recruited by Mr. Mezvinsky isn't huge, amounting to less than 10 % associated with the firm’s total external money. Clinton supporters additionally say there are more direct approaches to develop favor with the family members, such as for instance giving toward basis, in which Chelsea Clinton is vice chairwoman, than by investing with a hedge fund that the woman husband co-founded.

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