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- Julie Erhardt is SEC's New Acting Chief Risk Officer
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Hillary Clinton’s Son-In-Law Is Out of a Job
“A Tale of Two Sons-In-Law.”
Donald Trump’s son-in-law, Jared Kushner, rapidly ascended the family hierarchy over the past year to become Trump’s most trusted campaign adviser. And now, he is a senior adviser to the most powerful man on earth, thanks to the Trump family’s elastic view of nepotism.
Hillary Clinton’s son-in-law, Marc Mezvinsky, received far less attention in the press but was nonetheless the more likely of the two to earn the title. Mezvinsky, sad to say, is now just a guy looking for work. Per 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.
Eaglevale was started by former Goldman Sachs traders Bennett Grau, Mark Mallon, and Mezvinsky in 2011. They had previously worked together on the bank’s global macro prop trading desk.
Things hadn’t been going so hot for Eaglevale for some time, with the firm suffering big losses after betting, thoroughly incorrectly, on the Greek economy to improve. (The great Greek economic slump continues to be worse than the Great Depression, in terms of G.D.P.)
The boutique hedge fund previously shut down its Hellenic Opportunity fund after losing 90% of the $25 million Eaglevale raised from investors. At the time the fund was shut down, it managed about $330 million.
On the bright side, Trump has promised to bring back jobs, bigly, so perhaps Mezvinsky can score one of those.