| Type | Private company |
|---|---|
| Founded | 2001[1] in Birmingham, Alabama by Harbert Management Corporation |
| Headquarters | New York City, New York, USA |
| Key people | Philip Falcon (Senior Managing Director) |
| Industry | Financials |
| Website | www.harbingercapital.com |
Harbinger Capital Partners is a private hedge fund based in New York City, New York.
Background
Harbinger was founded by its Senior Managing Director Philip Falcone and Harbert Management Corporation, a Birmingham, Alabama-based investment company that provided much of the original funding. Falcone before that was a former trader at Barclays Capital. Harbinger and operates funds under management of $26.5 billion (£13.4 billion) as of the end of June 2008[2][3]. In 2009 Harbinger acquired the majority ownership of its funds from Harbert.
Harbinger owns large stakes in The New York Times Company, Cleveland-Cliffs and 28% stock ownership of satellite communications company Inmarsat. The company also owns stakes in rival satellite operators SkyTerra and Terrestar,[4] and British sugar producer Tate & Lyle.
Harbinger is notable for betting against sub-prime mortgages in the United States and the United Kingdom, including HBOS.[5][6]
References
- ^ http://www.independent.co.uk/news/world/americas/hands-up-if-you-made-billions-of-dollars-out-of-the-credit-crisis-1017955.html?action=Popup&ino=5
- ^ http://www.ft.com/cms/s/0/a93cca04-e018-11dd-9ee9-000077b07658.html
- ^ http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4289635.ece
- ^ http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4289635.ece
- ^ http://www.bloomberg.com/apps/news?pid=20601087&sid=a1sW_.0wEhII&refer=home
- ^ http://www.independent.co.uk/news/world/americas/hands-up-if-you-made-billions-of-dollars-out-of-the-credit-crisis-1017955.html?action=Popup&ino=5
External links
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