Eaglevale Partners, the hedge fund co-founded by Marc Mezvinsky, the son-in-law of Hillary and Bill Clinton, closed in December, according to a person with knowledge of the matter.
Eaglevale, based in New York, is in the process of returning money to clients, said the person who asked not to be named because the firm is private.
Eaglevale was started by former Goldman Sachs Group Inc. traders Bennett Grau, Mark Mallon and Mezvinsky in 2011. They had previously worked together on the bank’s global macro proprietary-trading desk.
A spokesman for Eaglevale declined to comment on the news, which was reported earlier by Hedge Fund Alert.
This article was provided by Bloomberg News.