Posted on 06/30/2015 5:08:18 PM PDT by PJ-Comix
Talk about a horrible way to start the week.
A number of hedge funds that were already bracing for losses on Greek debt also found out late Sunday night that they would likely have to swallow big losses on investments in Puerto Rico as well.
[SNIP!]
...Another loser in Greece has been Marc Mezvinsky, the husband of former, and potentially future, first child Chelsea Clinton. Mezvinsky’s firm EagleVale, which has made bets in Greece, was down nearly 4% last year. A small fund the firm runs that is completely dedicated to investing in Greece was down 48%.
(Excerpt) Read more at fortune.com ...
As I recall daddy Mezvinski also did time.
“If he’s with the Clinton gang he’s too big to fail. I sense a bailout coming on.”
A little rehypothecation and all is good. At least for him.
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