Sunday, 14 September 2014
Last updated 2 days ago
Apr 12 2011 | 4:47am ET
Harbinger Capital Partners may be looking for a way to cash in on its huge investment in wireless broadband.
The New York-based hedge fund, which has poured some 40% of its $6 billion in assets into the 4G venture, LightSquared, held talks about a potential initial public offering in New York last week and plans to do so again on the West Coast sometime next month, Reuters reports. The company could go public as early as this summer, as it begins trial runs in four cities. Further trials, part of its deal with Best Buy Co., will begin next year.
Reston, Va.-based LightSquared has been meeting with telecommunications analysts and institutional investors. Last week, it met with a Morgan Stanley analyst and mutual fund representatives at LightSquared’s Manhattan offices—which happen to be located in the same building as Harbinger’s offices.
Experts say that LightSquared needs to raise another $6 billion to build out its network, which it is set to do by 2015 under a Federal Communications Commission waiver.
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…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?