Eaglevale Partners

Eaglevale Partners was a Manhattan-based hedge fund founded by Marc Mezvinsky, the husband of Chelsea Clinton, and two of his former Goldman Sachs colleagues.[1][2][3] In 2014, Eaglevale Partners opened a Greek-focused fund, Eaglevale Hellenic Opportunity, during a tumultuous time in the Greek economy. In May 2016, the New York Times reported that Eaglevale was closing the Hellenic fund, which Mezvinsky had helped pitch and run, after the fund lost 90% of its value.[1] The firm was managing $330 million at the time,[1] and new investors were expected to invest a minimum of $2 million.[4]

Eaglevale Partners closed in December 2016.[5]

References

  1. 1 2 3 Stevenson, Alexandra; Goldstein, Matthew (May 10, 2016). "Clinton Son-in-Law’s Firm Is Said to Close Greece Hedge Fund". New York Times.
  2. ↑ Goldstein, Matthew; Edermarch, Steve (March 22, 2015). "For Clintons, a Hedge Fund in the Family". New York Times.
  3. ↑ Copeland, Rob (February 3, 2015). "Hedge Fund Co-Founded by Chelsea Clinton’s Husband Suffers Losses Tied to Greece: Eaglevale Partners’ Main Fund Lost Money in Two of Past Three Years". Wall Street Journal.
  4. ↑ Fang, Lee; Moltke, Henrik (May 27, 2016). "Hillary Clinton Won’t Say How Much Goldman Sachs CEO Invested With Her Son-in-Law". The Intercept.
  5. ↑ Kishan, Saijel (February 8, 2017). "Chelsea Clinton's Husband Closes His Hedge Fund". Bloomberg News.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.