Hedge fund co-founded by Hillary and Bill Clinton’s son-in-law Marc Mezvinsky has suffered major losses after betting big on Greece’s economic recovery.
In a letter sent out last week, Mezvinsky and the two other founders of Eaglevale Partners Main, all former Goldman Sachs employees, wrote that they had been assessment of the Greek economy, according to the Wall Street Journal. Their false predictions resulted in a 3.6 percent drop for the fund in the last year, a time when similar hedge funds rose.
The 2014 financial year was the second year out of the past three that the fund saw losses $15 million Eaglevale fund focused exclusively on Greece lost a staggering a 48 percent of its value.
Media agencies
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