Phil Falcone’s side-pocket Investments suffer
| February 17th, 2011 | ||
| Philip Falcone’s Harbinger Capital Partners revealed this week that the value of the assets in its illiquid side-pocket pool fell by 19.5% in 2010. According to Bloomberg, the hedge fund manager setup the pool hard-to-sell assets during the financial crises in order to avoid selling assets at rock bottom prices. | ||
For Detailed Investor Profiles on these Investors, click below: |
Harbinger Capital Partners LLC |
Related People: Omar Asali;
Related Entities: Harbert Management Corporation*;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
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