Thursday, 28 August 2014
Last updated 3 hours ago
Sep 14 2010 | 11:03am ET
A bad 2010 got worse for Harbinger Capital Partners in August.
The firm’s flagship hedge fund lost 4.7% last month, Reuters reports. The fund is now down 16.3% on the year.
Separately, the New York-based firm, which manages about $8 billion, announced that it would transfer the fund’s stake in Spectrum Brands Holdings to a holding company of its own, Harbinger Group. Harbinger Group, an acquisitions company, will take a 54.4% stake in Spectrum. In exchange, the Harbinger fund will take a 93.3% stake in Harbinger Group.
The fund will also maintain a 12.7% stake in Spectrum, which owns such brands as the George Foreman grills, Black & Decker and battery company Rayovac.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...