Sometimes things go the wrong way even for the politically connected. I’m sure Chelsea and her husband will get by somehow however.
(From The Wall Street Journal)
“Our recent predictions regarding Greek politics have proved incorrect,” Mr. Mezvinsky and the other Eaglevale founders wrote to investors last week, after a radical leftist party won national elections in an upset of Europe’s political order. “We are reticent to render decisive predictions at this time.”
Eaglevale is a relatively small player in the hedge-fund world, overseeing roughly $400 million and pursuing a so-called macro strategy that looks to profit from global macroeconomic trends. The dedicated Greek fund manages $15 million, including an investment from Marc Lasry, the billionaire co-owner of the National Basketball Association’s Milwaukee Bucks.
Mr. Lasry formerly employed Chelsea Clinton at his $13.3 billion New York hedge-fund firm, Avenue Capital Group, and is a longtime Clinton donor.