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Monday, July 04, 2016

Clinton's Son-in-Law Lost CalPERS Money Betting Greek Bonds

Then-Secretary of State Hillary Clinton appears to have sought inside information on a potential European Union bailout as her son-in-law, Marc Mezvinsky, speculated on defaulting Greek bonds in 2012 with CalPERS’ public pension cash as his hedge fund was getting wiped out.

Fox News reported late last week that Secretary of State Hillary Clinton, who served from January 21, 2009 and until stepping down on February 1, 2013 in advance of her run for president, sought “secret info on European Union bailout plans as [her] son-in-law’s doomed hedge fund gambled on Greece.”

A former Goldman Sachs broker, Mezvinsky formed the Eaglevale Partners hedge fund in October 2011 with two ex-Goldman Sachs partners. Eaglevale was incorporated in the secretive tax haven of the Cayman Islands in October 2011, then immediately named Goldman Sachs as its prime broker and banker.

Eaglevale would raise $325 million from CalPERS and others through a “special arrangement” with Goldman Sachs to engage in a “global macro” strategy to seek profit from opportunities in “politically volatile situations.”

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3 comments:

Anonymous said...

He lost other people's money.
That is what Goldman employees do. They lose (steal) other people's money.

Anonymous said...


So his mother-in-lawless, Mrs. Bill Clinton tried to get him inside info so he wouldn't come up short? What a loving Grammy she is! Why couldn't she use some of her commodity trading prowess?

Guess he didn't learn much from his convicted and imprisoned dad, the former congressman.

Birds of a feather!

Anonymous said...

she's no Martha Stewart, after all.