Harbinger Capital

Harbinger Capital Partners
Company typePrivate company
IndustryFinancials
Founded2001[1] in Birmingham, Alabama by Harbert Management Corporation
HeadquartersNew York City, New York, USA
Key people
Philip Falcone (Senior Managing Director)
AUM$336 million[2]
Websitewww.harbingercapital.com

Harbinger Capital Partners is a private hedge fund based in New York City, New York, founded by Philip Falcone. Harbinger is a highly diversified multi-strategy hedge fund.[3] Notable investments have included sub-prime mortgages in the United States and the United Kingdom, such as HBOS,[1][4] and LightSquared, a wireless communications company that filed bankruptcy in 2012.[5][6]

  1. ^ a b Foley, Stephen (14 November 2008). "Hands up if you made billions of dollars out of the credit crisis". The Independent. Retrieved 6 August 2014.
  2. ^ "How to Lose $2 Billion in 10 Years: Unpaid Bills Pile Up for Former Hedge-Fund Star". The Wall Street Journal. Retrieved 9 December 2021.
  3. ^ HERBST-BAYLISS, SVEA (13 November 2008). "Falcone makes big bet on food products". Reuters. Retrieved 10 April 2015.
  4. ^ Burton, Katherine. "JPMorgan, Renaissance Trail Hedge-Fund Gains in 2007". Bloomberg L.P. Retrieved 6 August 2014.
  5. ^ "Our Investor". Lightsquared. Retrieved 6 August 2014.
  6. ^ Scurria, Andrew (26 December 2017). "Harbinger Capital Sues Apollo Global Management Over LightSquared Losses". Wall Street Journal. Retrieved 2019-10-03.