Harbinger Takes Palm Stake

Apr 15 2010 | 1:46pm ET

Harbinger Capital Management has taken a 9.48% stake in Palm Inc., the personal digital assistant maker.

The New York-based hedge fund, headed by Philip Falcone, revealed the passive investment in a regulatory filing. The firm now owns some 16 million Palm shares.

Rumors have circulated that Palm may put itself up for sale. The company has reportedly hired Goldman Sachs and Qatalyst Partners to help it evaluate its options.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of