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OBSERVER - Mrs Clinton's charity work

December 6, 2002
Financial Times

Senator Hillary Rodham Clinton has a bit of a reputation as a commodities trader. Back in 1978 she turned a $1,000 investment in cattle futures into $100,000 over the course of 10 months.

So when New York's junior senator told Observer "I am no expert on hedge funds", the admission was more than a little surprising.

What made it doubly so was that Clinton was speaking after a dinner in New York where she had received an "Effecting Change Award" for her work on health issues. The presenter? A group called "100 Women in Hedge Funds".

Her hosts will doubtlessly be relieved that what the senator does know about hedge funds has not given her a bad impression. She declined to characterise them as victims or perpetrators of the financial industry's recent crimes, saying only that it was important for New York that confidence in the industry be rebuilt.

She added that many of the women and men at the charity event could play a role in that process.

Coming as one talented trader's call to others, her appeal could resonate.

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