HRG Group (Harbinger Capital Partners) - Investor Profile
|555 Madison Avenue||Total AUM ($MM):||9,000|
|16th Floor||Equity AUM ($MM):||2,292|
|New York, NY 10022||Investment Style:||Deep Value|
|United States||Orientation:||Shareholder Activist|
|Phone: 212-521-6970 ||Investor Type:||Hedge Fund Manager|
Institutional Investor Background
HRG Group (Harbinger Capital Partners) is a privately owned hedge fund, founded by former Chairman Philip Falcone in 2001. Before founding Harbinger, Mr. Falcone was the Head of High Yield trading for Barclay's Capital. The firm focuses on investment opportunities that arise from restructurings, liquidations, event-driven situations, turnarounds, and capital structure arbitrage.
Until being split-off in 2009, HRG Group / Harbinger Capital was a subsidiary of Alabama-based Harbert Management Corporation. In 2008, the firm announced it would be moving to separate offices from its parent, although Harbinger would continue to receive back-office, legal and compliance support from Harbert.
The firm's hedge funds include the Harbinger Capital Partners Master Fund and Harbinger Capital Partners Special Situations Fund LP.
Investor Regional and/or Country Focus: Europe, Global, North America
Founders and Key Executives of HRG Group (Harbinger Capital Partners): Philip Falcone*; Omar Asali (CEO); Peter Jenson (COO)
Entities related to HRG Group (Harbinger Capital Partners): HRG Capital; Harbinger Capital Partners Master Fund; Harbinger Capital Credit Distressed BlueLine Fund; Harbinger Capital Partners Special Situations Fund LP; Harbert Management Corporation*
*Denotes that the person or entity is no longer related to the firm. **If you would like to submit investor updates, please click here. ***Relevant firms may include firms where founders previously worked, funds that were spun-off from the firm, funds that were seeded by the firm and/or unrelated firms that were founded by veterans of the fund. For specific details, please review the Investor Background sections for each firm of interest.
HRG Group (Harbinger Capital Partners)'s Top 10 Equity Holdings
|Spectrum Brands Inc (SPB)
|Harbinger Group Inc (HRG)
|Harbinger Group Inc (HRG)
|North American Energy Partners Inc (NOA)
|EXCO Resources Inc (XCO)
Articles Related to HRG Group (Harbinger Capital Partners)
|Date: February 27th, 2009|
|Harbinger Capital Partners has announced that it has hired Omar Asali who he will be responsible for global portfolio strategy and portfolio analytics...|
|Date: August 25th, 2008|
|Harbinger Capital has increased its stake in Cablevision Systems Corp to 8.1%. The hedge fund is known for pressuring management into making changes to...|
|Date: August 16th, 2008|
|A new strategy for activist investors is to find buyers for the companies they have invested in, sometimes without the management's knowledge or consent....|
|Date: August 15th, 2008|
|Harbinger Capital has acquired a 4.9% stake in Cablevision. Harbinger Capital has previously also held activist stakes in media companies such as the...|
|Date: August 13th, 2008|
|Plainfield Asset Management indicated that it wants to take an activist approach against Riviera Holdings Corp in a recent SEC filing. Plainfield, which...|
|Date: July 18th, 2008|
|Harbinger Capital Partners, the activist hedge fund founded by Philip
Falcone, opposed Cleveland-Cliffs proposed acquisition of Alpha
|Date: July 10th, 2008|
|Hedge funds are changing their strategies to take advantage of changes
in the market environment. Instead of taking an activist investor
Previous 1 2 3 4
|Date: January 27th, 2008|
|The Founder and CIO of Firebrand Partners, Scott Galloway, sent a letter to the executives at the New York Times Company today. Below are a couple excerpts:|
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