Politics He put his (and others') money where his MIL's mouth was

Discussion in 'The Howard Stern Show' started by SouthernListen, May 11, 2016.

  1. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

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    Apparently you can't borrow your way to prosperity after all. And I'm sure the fellows at Goldman Sachs who invested didn't expect anything in return from his MIL for dumping money down this pit.


    Chelsea's Husband to Close Greek Hedge Fund After Losing 90% of Value


    8:12 AM, MAY 11, 2016 | By DANIEL HALPER


    New York Times reports.

    "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 the condition of anonymity.


    "Investors were told last month that the fund would close. The fund, Eaglevale Hellenic Opportunity, had raised $25 million from investors to buy Greek bank stocks and government debt.

    "Eaglevale Partners, a Manhattan hedge fund firm founded by Mr. Mezvinsky and two former Goldman Sachs colleagues, raised money for the Hellenic fund at a time when some on Wall Street had hopes for a revival in the Greek economy. For a time, Mr. Mezvinsky appeared at hedge fund conferences promoting the Greece investment thesis."

    The fund failed despite high profile boosters. "Some of the firm's earliest investors were Goldman partners, including Lloyd C. Blankfein, Goldman's chief executive officer, who let Eaglevale use his name in marketing the flagship fund.

    "It is not clear why Eaglevale waited until this year to close the Hellenic fund, which already had lost about 40 percent of its value by early last year."
     
  2. BrerJimmy

    BrerJimmy Well-Known Member

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    Traditionally, it's young boys who the Greeks fuck in the ass, not investors.
     
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  3. A Succulent Chinese Meal

    A Succulent Chinese Meal Oh, that's a nice headlock, sir. VIP

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    Chelsea Handler isn't even married.