Sunday, 14 September 2014
Last updated 2 days ago
Aug 3 2010 | 12:48pm ET
A year that began with such promise for Harbinger Capital Management has turned very, very sour very, very fast. The New York-based hedge fund was down more than 10% through the middle of last month, making its flagship among the 20 worst-performing hedge funds of the year, according to HSBC Private Bank.
Most of the losses for Harbinger Capital Partners Offshore Fund I were suffered over the last six weeks; the fund was still up 4.2% through June 15. Now, however, it is down 10.7% through July 15, and its assets under management have slumped from $6.7 billion to $3.8 billion.
Nor are the losses limited to the $10 billion firm’s flagship. Harbinger’s $2 billion side-pocket of illiquid assets is down about 14% this year.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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