Friday, 27 November 2015
Last updated 1 day ago
Apr 23 2010 | 11:49am ET
Activist hedge fund Harbinger Capital Partners has certainly been active in one regard: selling off its stake in the New York Times Co.
The New York-based hedge fund said today that it sold 3.25 million shares of the newspaper publisher, the second time this month that it has trimmed its holdings. Harbinger’s stake in the Times, once as high as 20%, is now below 10% at 9.4%.
Harbinger sold the shares on Tuesday and Wednesday for a total of $40.4 million.
The hedge fund’s stake earned it a seat on the Times Co.’s board two years ago. But its representative, Scott Galloway, is stepping down from his post at the end of the month.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…