The Clintons' Son-In-Law Has Exited The Hedge Fund Game

Marc Mevzinsky is giving up that 2 & 20 life.
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At some point over the holidays - as his mother-in-law hiked somber and alone in the Westchester woods, and his father-in-law cancelled four years worth of Beltway lunch appointments - Marc Mezvinsky picked up a couch pillow and whispered "I closed my hedge fund" into the comforting confidentiality of a linen sham.

MevsinskyHedgeFunds

But because he is a Clinton by marriage, Marc's secret could not stay a secret forever. Right, Bloomberg?

Eaglevale Partners, the hedge fund co-founded by Marc Mezvinsky, the son-in-law of Hillary and Bill Clinton, closed in December, according to a person with knowledge of the matter.
Eaglevale, based in New York, is in the process of returning money to clients, said the person who asked not to be named because the firm is private.

The timing of the closure most likely looks way more interesting than it actually is. And while we're as willing as anyone to make-believe that Eaglevale's death is the direct result of his mother-in-law losing the presidential election thus being exposing Mezvinsky to the capriciously vengeful adolescent working in the Oval Office, it's almost definitely not what's happening.

In fact, if memory serves Eaglevale - while bearing the platonic ideal of a hedge fund name - was not by all appearances a very great hedge fund. Mezvinsky and his partners took a ton of money from their former colleagues at Goldman Sachs (even Lloyd put up some money) and lost at least lot of it on bets like Hillary’s Hedge Fundie Son-In-Law Bailing On Greece

">going long on the Greek economy. And it has always seemed a little bit like Marc doesn't even really like the world of finance. After his stint at Goldman, Mezvsinsky went to work for Jorge Paulo Lemann's 3G Capital and then bolted from there to spend a few months as a ski bum.

Maybe Marc Mezvinsky is looking for something else to do with his life.

Let's just hope for his sake that it's not politics.

Clinton Son-in-Law’s Hedge Fund Eaglevale Partners Closes [Bloomberg]

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