NEW YORK, March 10 -- Is Bill Clinton getting into the hedge-fund business?
Not so much, it turns out.
The Financial Times reported Thursday that the former president was "lending his name" to Austrian investment firm Superfund Asset Management Inc.'s efforts to bring hedge funds to average U.S. investors. The former president, the newspaper said, was to give a speech on March 30 as the Austrian firm opened a retail office on Fifth Avenue in Manhattan.
But on Thursday afternoon, Superfund Asset Management officials were quick to say Clinton was not endorsing the company or its products. He was simply giving a paid speech.
By late Thursday afternoon, he wasn't even doing that. Clinton spokesman Jim Kennedy e-mailed to say the speech had been canceled because the former president would need four to six weeks to recover from the surgery he had on Thursday.
