Tuesday, 1 December 2015
Last updated 5 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…