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Governor’s hedge fund investment questioned

The Star-Ledger – Gov. Jon Corzine has a stake in a private hedge fund related to the corporate owner of four New Jersey casinos, an investment Republican critics contend presents at least the appearance of a conflict for a multimillionaire governor who has vowed to steer clear of them.

Corzine and his advisers say the investment was properly reported and does not violate state regulations that bar the governor and senior state officials from business relationships with casino operators. They say the hedge fund’s holdings are kept separate from those of its founding company, which bought Harrah’s Entertainment in late 2006.

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