Bill Clinton and Tony Blair to join hedge fund business

Apparently neither of them has cashed in enough from their public service so will make every effort to do so now. Some politicians retire and try to make the world a better place and then there are the Bill Clinton’s and Blair’s of the world who will take the cash over an ounce of dignity. You might think that after ushering in the worst financial crisis since the Great Depression there might be some interest in righting that wrong but no, that might mean only being worth $100 million. Huffington Post:

Former President Bill Clinton is teaming up with a top aide, a former State Department envoy, and Tony Blair to start a hedge fund and global consulting company.

Declan Kelly, a former top State Department envoy and major donor to the secretary of state’s 2008 presidential campaign, has left government service to launch Teneo Capital, hiring Bill Clinton and the former U.K. prime minister as advisers for an undisclosed sum. Kelly’s partner in the venture is Douglas Band, a longtime Clinton aide who set up the Clinton Global Initiative and remains the former president’s right-hand man.

Bill Clinton earlier faced questions about whether his business ties would create conflicts for his wife, Secretary of State Hillary Clinton, and vowed to let the State Department sign off on his ventures. Kelly told HuffPost that State has approved Clinton’s involvement in Teneo Capital.

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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