Clinton Money Machine Really Struggling

[ChrisVarick]

Now Chel's husband is closing out his hedge fund. Not that he was really running a hedge fund. It is hard to do worse than negative returns the last three years while the markets were booming. Rumors are that he lost 90% of his investors money. They were really paying for access to Hills. These days that proposition is worthless. I wonder how these leaches will support themselves?

 

[dgordo]

Most of the investors were top Goldman execs. I don't think they needed access to her.

 

[Jan Itor]

Most of the investors were top Goldman execs. I don't think they needed access to her.

Well, they paid her to come to them.

 

[Pepperman]

Most of the investors were top Goldman execs. I don't think they needed access to her.

Oh wow. makes perfect sense then, they thought they were backing a winner?

 

[dgordo]

Oh wow. makes perfect sense then, they thought they were backing a winner?

I see this all the time. Marc as his co pm were both former employees so they probably got preferred terms to invest.

 

[dgordo]

Well, they paid her to come to them.

Right, they already had access to her.

Marc is a smart guy but not a good risk manager. I'm sure he'll be working for another fund where he has more of an analyst job.

 

[Pepperman]

I see this all the time. Marc as his co pm were both former employees so they probably got preferred terms to invest.

I'm saying this - if this guy were not married to Chelsea, these guys aren't backing him as large or as long.

 

[dgordo]

I'm saying this - if this guy were not married to Chelsea, these guys aren't backing him as large or as long.

I'm not so sure. They basically back everyone who leaves there to start a fund. It's basically a lottery ticket for them.

 

[Pepperman]

I'm not so sure. They basically back everyone who leaves there to start a fund. It's basically a lottery ticket for them.

Well, you probably know better than me then. I'm guessing it is due to the PB side?

 

[dgordo]

Well, you probably know better than me then. I'm guessing it is due to the PB side?

Yes and they usually have a deal with the managers to get part ownerhip of the general partnership.

 

[ANYCHawk]

Well, they paid her to come to them.

 

[ANYCHawk]

Well, you probably know better than me then.

It's cause he's jewish right?

 

[Pepperman]

It's cause he's jewish right?

Yeah. Or I know who dgordo is. Smiley face.

 

[DyerHawk]

Well, they paid her to come to them.

Right, they already had access to her.

Marc is a smart guy but not a good risk manager. I'm sure he'll be working for another fund where he has more of an analyst job.

You act like you know him. I think you are full of shit.

 

[dgordo]

You act like you know him. I think you are full of shit.

Don't know him, never met him. I know the business and hear stuff.

 

[BubsFinn]

The Clintons have run out of product to sell. This proves that Bill and Hillary were paid for things other than their speeches.

 

[Hawk in SEC Country]

Donors have no more reason to pay when they can't get favors to play.

 

[unIowa]

Most of the investors were top Goldman execs. I don't think they needed access to her.

Kind of like they probably didn't need access to his investment savvy.

 

[dgordo]

Kind of like they probably didn't need access to his investment savvy.

That's no how the game works.

Bank tells hedge fund guy that they will put $200 million of client money in fund and help sell more if they can buy ownership of the gp profits.

 

[Titus Andronicus]

Well, I did not read the article, but will note that the hedge fund in question was never anything other than a political creation and was set up as a scam in its own right.

Additionally, it is close to impossible to invest in markets when you do not really have faith in and believe in markets. His blood lines (and hers) never indicated that he/they might have any particular insight into such activities. I seriously doubt that a single investor in that fund ever had any trust in Mr. Mezvinsky's investment knowledge or skillset.

One other comment: These sorts of guys rarely just go away. He will be out there within a few months raising money from the same investors. Likely, he is not so much closing down the operation as much as he is resetting (attempting to reset) his baseline for future returns.

 

[Titus Andronicus]

Most of the investors were top Goldman execs. I don't think they needed access to her.

... who expected to be processing and clearing his trades and who also provided him with investment advice.

 

[Phenomenally Frantastic]

Gets it, this guy does. ^

 

[Jan Itor]

You act like you know him. I think you are full of shit.

Some times. But then I go poop it out.

 

[Jan Itor]

Sorry, do you want pics of men or women?

 

[INXS83]

Now Chel's husband is closing out his hedge fund. Not that he was really running a hedge fund. It is hard to do worse than negative returns the last three years while the markets were booming. Rumors are that he lost 90% of his investors money. They were really paying for access to Hills. These days that proposition is worthless. I wonder how these leaches will support themselves?

Chelsea will just have to write a book or 2 and start hitting the rubber chicken speech circuit at college graduations and other liberal foxhole events.

If she were to announce she was going to follow in mommy & daddy's footsteps and run for office, celebs and other libs would throw money at her.

 

[dgordo]

... who expected to be processing and clearing his trades and who also provided him with investment advice.

And they probably charged their PB clients a fee for placing them in the fund.

 

[dgordo]

Chelsea will just have to write a book or 2 and start hitting the rubber chicken speech circuit at college graduations and other liberal foxhole events.

If she were to announce she was going to follow in mommy & daddy's footsteps and run for office, celebs and other libs would throw money at her.

Bill still gets 7 figures per speech. Don't worry they'll be fine.