Mark Mezvinsky has an easy job. His rich and powerful in-laws, Bill and Hillary Clinton, have a bunch of rich and powerful friends who give Mezvinsky and his friends millions of dollars to invest and (in theory, anyway) make them even more money.
But Mezvinsky isn’t very good at his job. The Wall Street Journal reports that Mezvinsky’s boutique hedge fund, Eaglevale Partners LP, reported significant losses last year, and has struggled to turn a profit for investors since its inception in 2012:
Jeffrey Katzenberg, the embattled CEO of Dreamworks Animation, was overheard planning his fundraising strategy for Hillary Clinton’s presidential run at lunch in the Caribbean with Marc Lasry, the Russian mafia-connected owner of the Milwaukee Bucks.
Sports commentators are criticizing an Obama bundler with ties to the Russian mob for hiring a convicted domestic abuser to coach his professional basketball team.
A sixth-place finish in the weak Eastern Conference would be a step in the right direction for most first-year head coaches with zero prior experience. However, a second-round exit was not enough for Jason Kidd, who, true to form, weaseled his way out of Brooklyn over the weekend and forced the Nets to trade him to the Milwaukee Bucks.
Kidd’s jealousy of fellow coaching neophytes Steve Kerr and Derek Fisher—who were able to negotiate better contracts only a year after he inked his—prompted him to force his way out.
Billionaire and major Obama fundraiser Marc Lasry has withdrawn his name for ambassador to France, because of his ties to an alleged Russian mob-run high-stakes poker ring.
The White House is continuing the trend of granting access to major Democratic donors. The White House opened its doors to Wall Street hedge fund directors for a discussion on the budget crisis this week. Many of the guests were major donors to the president and other Democratic candidates.
One of President Barack Obama’s biggest campaign supporters is waiting to make a profit if Obama drives the economy over the fiscal cliff.