Hedge Funds

Report delay hurts Clinton

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The Clinton Group is down, but not out, after more than half of its hedge fund assets evaporated in redemptions and investment losses last year. About half of the $3.3 billion of capital that it lost - leaving it with just $2 billion of hedge fund assets - was redeemed at year-end.

What unnerved many investors was the decision not to release a long-promised independent report on the firm's portfolio valuations carried out by PriceWaterhouseCoopers. The report was supposed to assess the valuation methodology.