Friday, 27 March 2015
Last updated 2 hours ago
Sep 16 2008 | 9:11am ET
Activist hedge fund Harbinger Capital Partners yesterday sought to shoot down rumors that it was liquidating some of its high-profile positions.
Philip Falcone, who runs the Alabama hedge fund manager, said selling by his firm was not behind the double-digit losses posted yesterday by Cablevision Systems, Cleveland-Cliffs Inc., Media General or The New York Times Co., all of which have been the target of activist campaigns led by Harbinger in the last year.
“People are looking at the 13 F registration and making certain assumptions,” Falcone told Reuters of the firm’s latest filing with the Securities and Exchange Commission on Aug. 13. “Quite to the contrary, we are well positioned in this market.”
Falcone said Harbinger remains bullish, although he added that the firm’s portfolio has changed since the 13 F filing.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…