Jun 20 2012 | 12:21pm ET
Cash-strapped Harbinger Capital Partners has taken out a new loan—from a Michael Dell-affiliated credit fund.
The $1.78 billion MSD Credit Opportunity Fund and Harbinger's flagship hedge fund entered into a note-purchase agreement on Thursday. The deal gives MSD Credit the right to swap up to $50 million in loans for shares of Harbinger's publicly-listed permanent capital vehicle, Harbinger Group.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…