Hedge Funds

More turnover at Clinton, but assets stabilizing and returns up

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Hot on the heels of Clinton Group's second and final installment of its 2003 bonus payments on July 15, the firm has lost a marketer and three traders but hired another investment professional.

In marketing, John Fogarty, a senior marketer with a number of years of Wall Street sales experience, resigned to seek a position as marketing chief at a hedge fund operation that does not already have someone in that function. Clinton's deep marketing bench is headed by partner and managing director Patrick O'Meara.

On the investment side, John Zhao, who had been promoted to oversee the global