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Chelsea Clinton's husband loses hundreds of millions in Greek securities

04 February 2015 / 11:02:20  GRReporter
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The Wall Street Journal financial newspaper published documents according to which Chelsea Clinton’s husband, Marc Mezvinsky, lost huge sums in Greek securities. Mezvinsky, along with two of his former colleagues, Bennett Grau and Mark Mallon, from investment bank Goldman Sachs are managing the famous hedge fund Eaglevale Partners, the assets of which exceed $ 400 million. Bill Clinton’s son-in-law, who has a bachelor's degree in religion and philosophy from Stanford University and a master's degree in politics and philosophy from the University of Oxford, had bet huge sums in favour of the rapid economic recovery of Greece.
    The assets of the fund fell by 3.6% last year, while similar hedge funds reported an average growth of about 5.7%. "Our predictions regarding Greece proved to be incorrect," the three managers, Marc Mezvinsky, Bennett Grau and Mark Mallon wrote in a letter to the investors in Eaglevale Partners. The Wall Street Journal notes that Eaglevale Partners is a relatively small fund in the financial world but its actions are very carefully monitored, because of Mezvinsky’s family ties.
     The article of the US leading financial daily appeared on the day when former US President Bill Clinton personally called Greek Prime Minister Alexis Tsipras on the telephone to congratulate him on the election victory and to wish him success. The two had met personally in the summer of 2014 through the mediation of Gianna Angelopoulou, a representative of one of the wealthiest Greek families. It was agreed at this meeting that the first conference of the Clinton Global Initiative Foundation outside the USA be held in Athens in June 2015.
     The Clinton Global Initiative Foundation is a family initiative that, in addition to the former US president, actively involves his wife Hillary and daughter Chelsea, who is married to Marc Mezvinsky, Manager of Eaglevale Partners. Clinton Global Initiative is involved in charitable and lobbying activities.

Tags: The Wall Street JournalEaglevale PartnersMarc MezvinskyChelsea ClintonBill ClintonHedge fundAlexis TsiprasClinton Global Initiative Foundation
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