Wednesday, 28 January 2015
Last updated 54 min 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…