Hedge Funds

Chelsea joins fellow Dems at Avenue

by

The former U.S. President's daughter, Chelsea Clinton, has joined the $10.9 billion Avenue Capital Group. Avenue hired Clinton only weeks after the Democratic party regained control of Congress - which no doubt made Avenue founders Marc Lasry and Sonia Gardner happy.

The Avenue brother and sister team are among the most generous political donors in the hedge fund community. In the most recent election cycle, Avenue Capital donated $206,000 to Democrats.

Avenue has not released specific details about Chelsea Clinton's new role. Since 2003, she has worked as a consultant at Mc-Kinsey & Co.