Friday, 22 August 2014
Last updated 13 hours 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note