Former first daughter Chelsea Clinton just got more bad news: Her husband, Marc Mezvinsky, has reportedly closed his hedge fund, Eaglevale Partners.
Bloomberg reported that the hedge fund quietly shut down in December and was in the process of returning money to investors.
Mezvinsky launched the hedge fund in 2011 with the help of Goldman Sachs CEO and longtime Clinton supporter Lloyd Blankfein.
Eaglevale was not a very successful business investment. In May, Mezvinsky announced he was shutting down a special Greece-focused investment fund that had lost almost 90 percent of its value in just two years, The New York Times reported.
And according to a 2015 report from the Washington Free Beacon, it was unwise to give money to Eaglevale, as Mezvinsky was said not to be very good at his job. Apparently, they were right.
It appears that the Mezvinsky family isn’t very good with money in general. Mezvinsky’s father, Ed Mezvinsky, served five years in prison for swindling friends and family out of millions of dollars.
It isn’t too far-fetched to think that the closing could be for political reasons. The fact that former Secretary of State Hillary Clinton lost the election and won’t be receiving very many future favors from highly placed officials both in the U.S. and abroad might have played into the shutting down of the hedge fund.
A spokesman for Eaglevale did not wish to comment on its closing — and it’s kind of hard to blame them.
It would seem, at least temporarily, that Chelsea and Marc are both out of a full-time job. However, that might not last long as rumors of Chelsea Clinton running for a congressional seat in New York have made the rounds.
Let’s hope she is more interested in motherhood than she is running for office. This country has had just about all of the Clintons that it can take.
As for hedge funds, it might be time for Mezvinsky to try another line of work.
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