Harbinger Capital Partners LLC - Investor Profile
Primary Address: | Investor Information: | |
| 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
Harbinger Capital Partners LLC is a privately owned hedge fund, founded by 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, 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 Harbinger Capital Partners LLC: Philip Falcone; Omar Asali; Peter Jenson (COO)
Entities related to Harbinger Capital Partners LLC: 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
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Articles Related to Harbinger Capital Partners LLC
Top 200 Hedge Funds oversee nearly $680 billion in assets | ||
| Date: October 21st, 2011 | ||
| The latest Top 200 U.S. Equity Hedge Fund list reveals that the top 200 hedge funds oversee a combined $673 billion in assets under management. Notably,... | ||
Top 100 Hedge Funds Get Even Bigger | ||
| Date: September 12th, 2011 | ||
| The latest Top 100 U.S. Equity Hedge Fund list has been released, revealing that the top 100 hedge funds oversee a combined $548 billion in assets under... | ||
Phil Falcone’s New 4G Network Venture takes aim at AT&T, Verizon | ||
| Date: June 20th, 2011 | ||
| In an accord that could boost the fortunes of both companies, LightSquared, Inc and Sprint Nextel Corp. have agreed to join forces to challenge AT&T and... | ||
Phil Falcone’s Harbinger Capital Partners Loses Investor Confidence, Faces Heavy Withdrawals | ||
| Date: June 14th, 2011 | ||
| Investment firm Harbinger Capital Partners LLC saw its assets shrink nearly 30 percent in 2010 and faces additional redemptions of up to $1 billion. Bloomberg... | ||
Harbinger Capital-backed LightSquared ponders IPO | ||
| Date: March 13th, 2011 | ||
| Phil Falcone made a risky bet when he invested half of Harbinger Capital's $6 billion of capital into LightSquared, a startup telecom company. LightSquared... | ||
Phil Falcone’s side-pocket Investments suffer | ||
| Date: 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.... | ||
Harbinger Capital veteran Lawrence M. Clark launching hedge fund | ||
| Date: January 13th, 2011 | ||
| Lawrence M. Clark Jr. has left Philip Falcone’s Harbinger Capital Partners and plans to open his own event-driven focused hedge fund management firm.... | ||
Phil Falcone’s Harbinger Capital Scores with BlueLine Returns | ||
| Date: November 10th, 2010 | ||
| 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... | ||
Phil Falcone’s Harbinger Capital launches Pan-Asian Hedge Fund | ||
| Date: October 1st, 2010 | ||
| Phil Falcone’s Harbinger Capital Partners launched a Pan Asian hedge fund in September 2010 to focus on special situation opportunities within Asia.... | ||
Phil Falcone’s Harbinger Capital is Making Coin on Distressed Credit Trading | ||
| Date: September 15th, 2010 | ||
| Contrary to a recent Reuters article, Phil Falcone’s hedge fund Harbinger Capital is apparently having a good year. Harbinger’s Blue Line,... | ||
