Monday, 25 May 2015
Last updated 3 days ago
Dec 29 2008 | 3:21am ET
A leading activist hedge fund is limiting withdrawals after investors sought to pull more than one-third of its assets at the end of the year.
Harbinger Capital Partners said investors will only receive 60% to 70% of their $3.5 billion in redemption requests from its flagship. The Harbinger Capital Partners Master Fund manages roughly $10 billion, and is down about 23% this year.
The losses at Harbinger are a severe reversal for the firm, which enjoyed several activist successes in the first half of the year, ending June up 43% in the first six months of 2008. Harbinger, which was founded in 2001, has never posted a losing year.
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…