Marc Mezvinsky closed the hedge fund he co-founded, Eaglevale Partners, shortly after his mother-in-law, Hillary Clinton, lost the presidential election to Donald Trump.
The New York City-based fund was shut down and money returned to investors in December, Bloomberg reported.
Eaglevale, which focused on Greece’s economic recovery, was founded by former Goldman Sachs Group Inc. traders Bennett Grau, Mark Mallon, and Mezvinsky in 2011.
The company lost 90 percent of its roughly $300 million value, the New York Times reported last May, after purchasing millions in Greek bank stocks and government debt proved imprudent.
Ironically, Mezvinsky’s mother-in-law may have hurt her son’s venture with her anti-business rhetoric on the campaign trail.
Clinton’s first event as a presidential candidate saw the former White House hopeful hammer “hedge fund managers.”
“And there’s something wrong when hedge fund managers pay lower tax rates than nurses or the truckers that I saw on I-80 as I was driving here over the last two days,” Clinton said during a roundtable event at Kirkwood Community College in Monticello, Iowa, in April 2015.
Mezvinsky married Chelsea Clinton in July 2010.