Saturday, 20 September 2014
Last updated 1 day ago
Jun 18 2008 | 12:10pm ET
Harbinger Capital Partners is stepping out.
The Birmingham, Ala.-based hedge fund, which made headlines with its successful bid for representation on The New York Times Co.’s board of directors, is looking to grow and become more independent from its parent company. Harbinger chief Philip Falcone wants to add $4 billion over the next six months, the New York Post reports, and has retained Park Hill, the Blackstone Group’s third-party marketing unit, to seek investments from pensions and sovereign wealth funds.
The $25 billion firm is also aiming to create its own identity, separate from that of parent Harbert Management Corp. The firm will move into separate quarters later this year, and is also building its own marketing team, the Post says. It will continue to use Harbert’s back-office, legal and compliance teams.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.