Falcone-Linked Co. Changes Name

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.


In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    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…

 

Futures Magazine

September 2014 Cover

High frequency market making

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...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.