Refreshing a static Financial Transaction Line Item selection takes longer in version 4.0 than it did in previous version

A smart field filtered on a selection takes 25 hours to run in 4.0 where it used to take just an hour in our previous version.
We're currently evaluating this issue for a fix in a future patch or service pack.

Steps to Duplicate

1.  Select Information library from the Analysis functional area
2.  Select the ad-hoc query the static selection is based on
3.  Edit the definition
4.  Click save

Environment

 Blackbaud CRM
 4.0

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