The former first daughter will work for a $12 billion hedge fund

Former first daughter Chelsea Clinton has taken a job with Avenue Capital Group, a $12 billion hedge fund based in New York City, according to the New York Daily News.

Clinton, 26, the only child of former President Bill Clinton and U.S. Sen. Hillary Rodham Clinton (D-N.Y.), was previously a consultant at McKinsey & Co., which she joined in 2003.

Avenue Capital Group was co-founded by Marc Lasry, who has contributed to campaigns for Democratic politicians including Hillary Clinton, Al Gore, Bill Bradley and John Kerry, Reuters reports.

Lasry has also contributed lesser amounts to campaigns for President George W. Bush, federal election records show.

Clinton, who graduated from Stanford University in 2001 and studied philosophy at Oxford University, could not be reached by Reuters for comment. A spokeswoman for Avenue said the company “does not comment on issues of company personnel.”