Clinton's Husband, Ex-Goldman Colleagues To Launch Hedge Fund

Nov 30 2011 | 12:27pm ET

Chelsea Clinton's husband is set to launch a new hedge fund with two former colleagues from Goldman Sachs.

Marc Mezvinsky, who married the daughter of former President Bill Clinton and Secretary of State Hillary Rodham Clinton last year, will join forces with Bennett Grau and Mark Mallon. The three formerly worked together at Goldman's global macro proprietary trading desk, with Mezvinsky leaving to join hedge fund 3G Capital Management three years ago and Grau and Mallon leaving earlier this year, among the refugees of Goldman's decision to shutter its prop. trading operations to comply with the Volcker rule.

Mezvinsky, Grau and Mallon now lead New York-based Eaglevale Partners. The new firm is currently raising money and plans to begin trading in the first half of next year, employing the global macro strategy that the three used at Goldman. Also on board is Michael Fox, formerly a portfolio manager at Woodbine Capital Advisors, who will handle business development at the new firm.

Eaglevale is the latest hedge fund born of the Volcker rule's effect on Goldman. With banks soon to be barred from proprietary trading, several of Goldman's most prominent and successful traders have struck out on their own, among them Daniele Benatoff, Pierre-Henri Flamand, Eric Mandelblatt, Ariel Roskis and Morgan Sze. In addition, the London-based members of the global macro desk joined Brevan Howard Capital Management and nine members of its U.S. prop. desk joined Kohlberg Kravis Roberts.

Mezvinsky is the baby of the group at 33, slightly over half Grau's age. Grau joined Goldman in the 1980s, when the bank acquired commodities trading firm J. Aron & Co., and launched the global macro prop. desk in 1988. Mallon had been with the bank for seven years, joining it in 2004 from Caxton Associates. Mezvinsky left 3G earlier this year to take a highly-publicized ski vacation that led to rumors of a rift between he and his new wife.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.