Hedge Funds

Clinton executive may have left - again


Partner and portfolio manager Seth Fischoff, who left the Clinton Group last year before rejoining just five months later, may have left the embattled group for a second time. When Fischoff returned to Clinton in November, he was made a portfolio manager for the firm's mortgage strategy, and is said to have been handed a hefty pay raise. In a letter to investors at the time, founder George Hall said he was "excited" about Fischoff's return, and suggested that he would play an important role in helping turn Clinton around.

But the mortgage strategy - which is Fischoff's