Monday, 1 September 2014
Last updated 2 days ago
Dec 8 2011 | 1:02pm ET
Harbinger Capital Management has ended redemptions from a distressed credit fund in advance of its liquidation.
The New York-based firm told investors that it has "determined to suspend voluntary redemptions effective Dec. 30, 2011," Dealbreaker reports. The firm said it would begin to liquidate the Credit Distressed BlueLine Fund in April.
"As you are aware from the fund's offering memorandum, the fund is designed to begin winding up on April 1, 2012," Harbinger wrote. The suspension comes "in anticipation of such wind-up, to allow for a prudent disposition of assets in a manner that we believe allows us to best capitalize on the expected value of these assets in order to protect the interests of all current investors in the fund."
Harbinger said that the three-year-old fund's onshore version has returned 106.44% over its life and the offshore version 112.94%. On the year, the funds are up 11.61% and 11.38%, respectively.
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 ...