Chelsea Clinton's Husband Starting Hedge Fund: Report

05/10/2011 at 10:35 AM EDT

Chelsea Clinton's Husband, Marc Mezvinsky, Is Reportedly Starting Hedge Fund
Mark Mezvinsky and Chelsea Clinton
Gary Gershoff/WireImage
When Marc Mezvinsky left his job as a Manhattan investment banker late last year and headed to Wyoming, it wasn't exactly clear what the newlywed would do next.

Now back in New York City, Mezvinsky, 33, isn't just happily attending events with wife Chelsea Clinton – according to a New York Daily News report, the financier has been hatching a new hedge fund business venture with old friends.

"[Mezvinsky] decided to spearhead his own private [hedge] fund with two other guys," a source tells the paper, and he plans to launch the project next summer, and he will be joined by two employees of Goldman Sachs, where he worked for six years before joining G3 Capital bank, the company he left last year.

A source also confirms the news to PEOPLE, but suggests a different time table. "It's true," says the source. "It's a hedge fund that will start in September. He is putting his company together – [and] slowly hiring."

Reps for Mezvinsky and Clinton weren't immediately available for comment.

• Reporting by LIZ MCNEIL

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