Harbinger Not Shy About Frederick's Of Hollywood

Mar 19 2013 | 12:45pm ET

Harbinger Capital Management's listed permanent capital vehicle is getting into the lingerie business.

Harbinger Group has invested $10 million in risqué lingerie retailer Frederick's of Hollywood. In exchange, it has been given an option to take control of the company by appointing a majority to its board of directors.

Frederick's has been struggling with poor sales at its 118 stores.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of