Phil Falcone’s Harbinger Capital Scores with BlueLine Returns
| November 10th, 2010 |
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| Contributed by: Teri Buhl |
Phil Falcone of Harbinger Capital told investors this week his distressed credit fund returned 11.6 percent year to date. The news was first reported Tuesday by industry publication The Distressed Debt Report. The Absolute Return Distressed Index has produced a median return of 10.58% through October.
Investors in BlueLine told me assets under management are now $900 million and expect to add more money to the fund if performance keeps up. But not all is rosy. Harbinger Capital’s larger Master fund is still suffering negative year to date returns (around 11% as of this week) but luckily didn’t book losses last month and investors told me is currently up 2 percent in November. Harbinger’s total asset under management are $9 billion but changes are under way in its two largest funds.
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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
