Former and perhaps, future First Daughter Chelsea Clinton is getting a new job – and probably a big raise.
Clinton is taking a post at the Avenue Capital Group, a hedge fund run by supporters of her mother, according to a person familiar with the company’s decision.
The 26-year-old Chelsea has been a consultant at McKinsey and Co., and the move to the hottest sector of finance would almost certainly mean a raise.
Annual bonuses for junior hedge fund staffers can exceed the entire salaries of consultants of Clinton’s vintage, which run in the $100,000 to $150,000 range.
