Friday, 19 December 2014
Last updated 2 hours ago
Oct 19 2012 | 7:49am ET
Harbinger Capital’s Philip Falcone and his always colorful wife Lisa Marie are holding a yard sale, so to speak. The embattled hedge fund manager, who in June was charged with fraud by the Securities and Exchange Commission, is hawking 36 acres of land the couple owns in the Hamptons. The property, in Water Mill on Deerfield Road, is listed by real estate firm Corcoran for $7.995 million.
According to an online listing, the lot, Wild Acre Farm, encompasses more than 36 acres and “present[s] a variety of interesting scenarios along the farm fields of Water Mill's Deerfield Road. With each lot having room for a significant house, pool, pool house and tennis court and the reserve capable of hosting a significant equestrian facility, the possibilities for fertile minds seems endless.”
The SEC lawsuit—which Harbinger’s lawyers are aiming to have dismissed— is only one of the issues that have hounded Falcone his hedge fund in recent years. The firm has seen its assets dwindle due to difficulties faced by its largest investment, wireless Internet venture LightSquared, which Harbinger put into bankruptcy protection earlier this year.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.