Hedge Funds look to consolidate industries
| July 10th, 2008 |
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| Hedge funds are changing their strategies to take advantage of changes
in the market environment. Instead of taking an activist investor
approach to underperforming companies, hedge funds have started to
take the role of industry consolidator. This strategy is particularly
suited to hedge funds because of the large amount of capital that they
have to work with, while private equity has slowed down due to credit
markets. For example, Harbinger Capital has been acquiring stakes in satellite
companies such as Immarsat and SkyTerra with an eye to a possible
deal. The fund may also try a similar approach to the sugar and
sweetener industry with its stakes in Tate & Lyle and Corn Products
International. |
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For Detailed Investor Profiles on these Investors, click below: |
| Peter Jenson (COO); | Philip Falcone | | Harbinger Capital Credit Distressed BlueLine Fund; | Harbinger Capital Partners Master Fund; | Harbinger Capital Partners Special Situations Fund LP | More Recent Headlines
