Chelsea Clinton's husband lost a ton of money on Greece
we need to go to war with Greece now
Well, it was a gamble, and they lost. Whosoever would bet on an economy in THAT state, though, should have their heads examined!
Well, it was a gamble, and they lost. Whosoever would bet on an economy in THAT state, though, should have their heads examined!
yeah...but they had insider information...and then...CRAP!...something went seriously wrong...
we need to go to war with Greece now
Now they will have to go to war with ECB (but then, that war is on for quite some time) and EU (the same - that war is on for quite some time)
As soon as Hillary becomes president the gloves will be taken off
Now they will have to go to war with ECB (but then, that war is on for quite some time) and EU (the same - that war is on for quite some time) As soon as Hillary becomes president the gloves will be taken off
I think this accident is much more serious...Hillary doesn't lose betting on Financial Markets like that...Draw your only conclusions...
Honestly, you can't have insider information on what a GOVERNMENT does. Whenever politics are involved, it's a bad game to get into, as you CANNOT predict what will happen.
that's being naive...(Godfather the movie)
Honestly, you can't have insider information on what a GOVERNMENT does. Whenever politics are involved, it's a bad game to get into, as you CANNOT predict what will happen.
Politics is one of the few areas that are always predictable : Ukraine war was created for Bidens little son. Pava might be on a right track : when Hillary becomes a president next year (which is a done deal already) what do you think she will do for her darling daughters family in Greece?
...by the belief Greece’s economy will see a quick rebound.
I like Greece, I really do, but how to rebound? And that quickly? The biggest publicly traded company produces soft drinks, the second one is in sport wagering and all the shipowning companies have a small bureau with a fax machine in London (no taxes for Greece). The Greeks must trink and gamble as hell to raise their economy, but the retirement pays were cut in half.
what do you think will do for her darling daughters family in Greece?
Also trink and gamble as hell 
Politics is one of the few areas that are always predictable : Ukraine war was created for Bidens little son. Pava might be on a right track : when Hillary becomes a president next year (which is a done deal already) what do you think she will do for her darling daughters family in Greece?
I can't agree on that one. In GENERAL you can rely on it... but in practice? Not so much. For example, the theory of wars being created to help out peoples kids may be true, but may also not be. I agree she might try and help, BUT no one can predict certain things. Such as who will win an election and what policies he/she might try to affect/inflict.
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Despite having Goldman Sachs CEO Lloyd Blankfein as an investor and being Bill and Hillary Clinton's son-in-law, Marc Mezvinsky (and two former colleagues from Goldman Sachs who manage Eaglevale Partners hedge fund) told investors in a letter sent last week they had been "incorrect" on Greece, helping produce losses for the firm’s main fund during two of the past three years.
By 'incorrect' Chelsea Clinton's husband means the Eaglevale fund focused on Greece lost a stunning 48% last year and, as The Wall Street Journal reports, is impacting the overall returns of the roughly $400 million fund which has spent 27 of its 34 months in operation below its "high-water mark."
In 2013, Institutional Investor proclaimed Mezvinsky "a hedge fund rising star"...
In late 2011, Marc Mezvinsky co-founded New York-based, macro-focused hedge fund firm Eaglevale Partners with Bennett Grau and Mark Mallon, two Goldman Sachs Group proprietary traders whom he'd gotten to know when they all worked at the bank. Best known as the husband of Chelsea Clinton, Mezvinsky, 35, who has a BA in religious studies and philosophy from Stanford University and an MA in politics, philosophy and economics from the University of Oxford, has been quietly building his finance career. Before launching his own firm, the longtime Clinton family friend was a partner and global macro portfolio manager at New York- and Rio de Janeiro-based investment house 3G Capital. Eaglevale manages more than $400 million.
But, as The Wall Street Journal reports, things are not working out so well...
The hedge fund co-founded by Bill and Hillary Clinton ’s son-in-law suffered losses tied to an ill-timed bet on Greece’s economic recovery, according to documents reviewed by The Wall Street Journal.
The main fund dropped 3.6% last year, far trailing the 5.7% rise for similar hedge funds tracked by HFR Inc. That followed an Eaglevale gain of 2.06% in 2013 and a loss of 1.96% in 2012, the documents show.
...
A smaller Eaglevale fund focused only on Greece plunged 48% last year, said the person familiar with the situation, hurt by the belief Greece’s economy will see a quick rebound.
“Our recent predictions regarding Greek politics have proved incorrect,” Mr. Mezvinsky and the other Eaglevale founders wrote to investors last week, after a radical leftist party won national elections in an upset of Europe’s political order.
* * *
And in conclusion, why the fund will likely see massive redemptions now... the ten words no one wants to hear from their hedge fund manager - no matter who his in-laws are:
“We are reticent to render decisive predictions at this time.”
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