Thursday, 2 October 2014
Last updated 7 min ago
Apr 16 2014 | 2:31pm ET
A company linked to Harbinger Capital Partners founder Philip Falcone may have a role to play in the barred hedge fund manager’s plans.
PTGi Holding, which identifies itself as “one of the leading international wholesale service providers to fixed and mobile network operators,” has changed its name to HC2 Holdings, Seeking Alpha reports. The blog speculates that HC2 may stand for “Harbinger Capital 2,” and that the company will acquire the assets of Harbinger Capital, which is liquidating following Falcone’s settlement of Securities and Exchange Commission fraud charges.
Chief among those assets, of course, is Harbinger’s majority share in wireless internet venture LightSquared, which is seeking to emerge from bankruptcy.
Falcone is one of three board members at the former PTGi.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...