Chelsea Clinton’s hubby flubs badly – out of a job

$25 million hedge fund loses 90% of value in bad bet on Greece

Hillary Clinton isn’t the only one in the Clinton clan who has recently lost a job.

Son-in-law Marc Mezvinsky is hitting the bricks following the monumental failure of his hedge-fund company, Eaglevale Partners.

The fund was quietly closed down in December, and now Mezvinsky and his partners are busy returning what money remains to investors. The group raised $25 million, reports Britain’s Daily Mail and Bloomberg News, but the fund lost 90 percent of its value investing in bank stocks and debt from Greece.

Eaglevale clients were given a glowing report of the company’s Helenic Opportunity Fund in 2014, with Mezvinsky predicting Greece would soon be exiting its crisis on the way to “sustainable recovery.” But, by year’s end, it was apparent the Greek economy was set to crumble without a massive bailout from the Eurozone.

While the Clinton connection failed to save Eaglevale, it may have helped entice some of its biggest investors to bet on Greece. Among the big Wall Street names presumably losing significant money with Mezvinsky are Goldman Sachs CEO Lloyd C. Blankfein and Marc Lasry, co-founder of $13 billion hedge fund Avenue Capital, where Chelsea Clinton worked after graduating from Stanford.

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