By Nutbar Team:credit Nutbar Factor
It seems that Chleasea’s husband has definitely inherited some qualities of his in-laws almost through osmosis alone.
There seems to be one member of the Clinton family who doesn’t know how to spin investments into gold. Of course, he’s not really blood.
Chelsea Clinton’s husband, the high-rolling investment banker Marc Mezvinsky, apparently saw opportunity where everyone else saw disaster in the years-long unraveling of the Greek economy, and convinced fellow high rollers to sink millions into a bet it would recover soon.
It turns out some of those who put their faith and their dough into a now-defunct hedge fund founded by Mezvinsky were friends and supporters of his in-laws, Bill and Hillary. Despite that and the fact the investment didn’t work out so well, Chelsea’s hubby isn’t offering any apologies to the investors he cost a fortune. Some 90 percent of the money originally put in the fund was reportedly lost.
According to The New York Times, Mezvinsky was convinced the basket case of southern Europe, Greece, was going to get back on its fiscal feet and offer an opportunity for his fund to reap huge rewards. Of course, being a dyed-in-the-wool Democrat, he might also have been counting on government money from the more stable countries of the continent to bail out the profligate spenders in Athens.
In 2014, when the Greek economic crisis was dominating the headlines – and before the Muslim migration crisisswamped European capitals – Mezvinsky and his group at the Eaglevale Partners wrote to investors urging them to put millions in what they were touting as their “Hellenic Opportunity” fund.
The investments came in — reportedly $25 million worth — but they didn’t stay for very long. As The Times reported:
Now, two years later, the Greece-focused fund is shutting down, after losing nearly 90 percent of its value, according to two investors with direct knowledge of the matter who spoke on condition of anonymity.
The U.K. Daily Mail approached Mezvinsky, 38, about offering an apology to the investors who’d sunk so much into the money pit on the Mediterranean and got nothing in return.