Jun 8 2011 | 12:15pm ET
Some Harbinger Capital Management investors are none too happy about the hedge fund's plan to pay some redemptions in kind—with shares of Harbinger's wireless venture, LightSquared.
Harbinger told clients this week that first-quarter redemptions will not be paid entirely in cash. Instead, investors will receive some of Harbinger's illiquid LightSquared holdings, which amount to some 80% of the hedge fund's assets.
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…