With this week's potentially fatal regulatory decision against it, Harbinger Capital Management's wireless Internet venture is scrambling to find a Plan B.
Hedge fund manager Christopher Hansen plans to buy a basketball team and move it to Seattle, where it would play in an arena he hopes to build, city officials said yesterday.
Harbinger Capital Partners founder Philip Falcone says his wireless broadband startup LightSquared won’t be filing for bankruptcy, despite bad news from U.S. regulators.
The former head of fixed-income for Asia-Pacific at Morgan Stanley is set to launch a hedge fund with a former Pacific Investment Management Co. adviser, with an eye towards managing US$1 billion.
Ranodeb Roy has set up RV Capital Management in Singapore. The new firm—the "V" stands for co-founder Vickram Mangalgiri—will launch its maiden hedge fund in April or May.
Crude oil has broken through levels not seen since 2014 and it appears to be entering a new phase, ending the downward super cycle that took crude from above $100 per barrel to under $30, and entering a phase where both supply and demand are expected to grow.