It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: bobs_uruncle
originally posted by: buster2010
So the son has to carry the sins of the father? What next he's descended from someone that was at the inquisition so he hates Jews too? Seeing how much money he lost it would seem that he didn't get any info from Hillary.
Just the other day, liberals were bitching and moaning about Trump's father and grandfather and how that was a new excuse not to vote for him. Pot meet kettle much.
The hypocrisy is strong in this one!
Cheers - Dave
On May 10, the New York Times gently dropped a bombshell on the hedge fund investing world of New York’s one-percenters. Hillary and Bill Clinton’s son-in-law, Marc Mezvinsky, who married their only child, Chelsea, in an opulent 2010 wedding, was shuttering the Eaglevale Hellenic Opportunity Fund after it had lost 90 percent of its value. That is a staggering loss for a hedge fund, which is, as its name implies, supposed to have hedges in place to prevent that kind of loss.
The fund with the steep losses is part of a larger hedge fund firm run by Mezvinsky and two former colleagues at Goldman Sachs, Bennett Grau and Mark Mallon. The idea that a hedge fund should wait until it had only 10 percent of its clients’ assets remaining before shutting down is causing angst in billionaire circles, as are many other details surrounding this hedge fund. According to a 2015 article in the Wall Street Journal, the same fund had already lost 48 percent in 2014 – raising the question as to why it wasn’t shuttered then, when clients could have gotten a sizeable amount of their principal returned.
assets remaining before shutting down is causing angst in billionaire circles, as are many other details surrounding this hedge fund. According to a 2015 article in the Wall Street Journal, the same fund had already lost 48 percent in 2014 – raising the question as to why it wasn’t shuttered then, when clients could have gotten a sizeable amount of their principal returned.
According to the account in the New York Times, the Eaglevale Hellenic Opportunity Fund imploded as a result of bullish bets on Greek bank stocks and Greek government debt. That’s raising even more eyebrows in investment circles since it was Goldman Sachs who secretly sold a complex and convoluted derivative deal to Greece in 2001 that hid the true state of its debt, then reworked the deal multiple times until Greece ended up owing Goldman a stunning 5.1 billion euros, almost twice Greece’s original obligation, thus making future bullish bets on Greece highly doubtful. Along the way, Goldman Sachs learned more about Greek debt than just about any player on the planet.
According to a Bloomberg News report, it was Blankfein’s division of Goldman Sachs that structured the derivatives deal with Greece. Our research shows Grau worked in that division at the time. The Bloomberg report notes:
“A gain of 600 million euros represents about 12 percent of the $6.35 billion in revenue Goldman Sachs reported for trading and principal investments in 2001, a business segment that includes the bank’s fixed-income, currencies and commodities division, which arranged the trade and posted record sales that year. The unit, then run by Lloyd C. Blankfein, 57, now the New York-based bank’s chairman and chief executive officer, also went on to post record quarterly revenue the following year.”
The Securities and Exchange Commission actually lists two Eaglevale Hellenic funds, one onshore and one offshore. The address of the offshore fund is 89 Nexus Way, Camana Bay, Grand Cayman – a secrecy jurisdiction address frequently associated with Goldman Sachs’ offerings. For example, in this 2014 J. Aron & Company (JANY) related offering, the 89 Nexus Way address in Grand Cayman is also used. The offering describes JANY as follows:
originally posted by: bbarkow
a reply to: buster2010
it would seem that he didn't get any info from Hillary.
Not because she didn't try. His hedge fund's success was predicated on the success of the Greek economy. Guess what - Hillary was pressuring the EU to bail out Greece at the exact same time. The Foundation was involved too somehow, but I don't want to take the time to research it.
It's readily available information if you're interested in taking a look.
originally posted by: Zanti Misfit
a reply to: projectvxn
No , I am a Master at Detecting Sarcasm , but that Sir , was not it . You Meant every Word and it's Context in that Post . Go ahead and Deny it , but the Damage is Done.........