Sep 30 2013 | 2:40pm ET
Harbinger Capital Management has sold more than 20 million shares of its permanent capital vehicle to meet redemptions mandated by the hedge fund's deal with the Securities and Exchange Commission.
Harbinger hedge funds sold $158 million worth of Harbinger Group shares to Leucadia National Corp., making that firm the listed vehicle's second-largest shareholder with a 13% stake.
Mar 17 2014 | 9:30am ET
“Transparency” has become a touchstone for investors in the post-Madoff world but, according to Carl Lingenfelter, chief administration officer at Northern Trust Hedge Fund Services, it's a concept that has evolved over the past five years from fraud protection to risk management to investment performance. Read more…
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…