Just days before the deadline for third-quarter redemption
requests, the Clinton Group received word from the SEC that the
Commission has determined it will "not recommend any action"
against the Clinton Group.
The highly unusual written notice, together with a similar
letter that Clinton received last month from the Commodities
Futures Trading Commission, comes at a critical time for
Clinton's hedge fund assets have plunged from more than $5
billion to $1.45 billion over the last year, following a spate
of poor performance,...