Walk... ?

 

Two years ago, Marc Mezvinsky and his partners made a big bet on Greece. Mezvinsky, who is married to Chelsea Clinton, raised $25 million for the Eaglevale Hellenic Opportunity fund, which bought Greek bank stocks and government debt, as investors hoped the nation’s economy would recover and deliver dividends in spades.

That didn’t pan out.   And so Eaglevale’s wager on Greece’s resurrection flopped, and the fund is now shutting down after losing 90 percent of its value, according to The New York Times.

Mezvinsky, who spent eight years at Goldman Sachs before founding Eaglevale Partners with two other former Goldman-ites, manages about $330 million, according to the Times. The boutique hedge fund makes macroeconomic bets based on geopolitical and global economic events.

 

If things don’t pick up, perhaps Mezvinsky could walk away from Wall Street for good and stay home with his growing family. He and Chelsea are expecting their second child. Sure, their expenses would quickly add up with that lavish apartment and expensive SoulCycle habit. But given what his wife reportedly charges for speaking fees, they should be just fine.            Just a thought.