Delphi sues hedge fund after backing out of deal
West Palm Beach (HedgeCo.Net) – One month after Appaloosa Management backed out of a $2.55 billion deal to help lift Delphi out of Chapter 11, the Troy auto parts supplier is suing the hedge fund for...
View ArticleTimes Tamer’s $4 Billion Fund Push
New York Post- Phil Falcone’s Harbinger Capital Partners – the hedge fund that won a battle to land board seats at The New York Times Co. – is expanding its size and presence to capitalize on its...
View Article‘Shorting’ hedge funds come out of the HBOS shadows
Scotsman- Mysterious global hedge funds which hope to profit from betting that the price of HBOS shares will continue to plummet emerged from the shadows yesterday. On the first day of new rules to...
View ArticleHedge fund managers betting on plunge in bank shares
The Independent- The American hedge fund group Harbinger Capital Partners revealed that it has made a significant bet on HBOS’s price falling, while its UK counterpart GLG admitted it is targeting the...
View ArticleHedge funds bet on HBOS to fall
Business Spectator- Hedge funds sharply increased their bets against UK lender HBOS in the first days after the Financial Services Authority imposed new rules on June 13, targeting abusive...
View ArticleHedge funds with high ambition
Times Online- Philip Falcone is used to demanding change from underperforming company executives, but yesterday he took Harbinger Capital, his activist hedge fund, into new territory. Complete with...
View ArticleHedge Funds As Breakers, Not Makers, Of News
CNNMoney.com- Hedge funds hate to see their names in the headlines, but lately, they’ve been the ones breaking the news about companies they invest in. Daniel Loeb’s Third Point LLC disclosed in a...
View ArticleHedge fund Harbinger Raises Stake in Midwest
West Palm Beach (HedgeCo.net)- US hedge fund Harbinger has increased its stake in Australian iron ore miner Midwest Corp. Ltd. to 12.53%, an effort to block Chinese iron ore trader Sinosteel...
View ArticleInmarsat dives after hedge fund suspends talks
Times Online- Shares in Inmarsat, the mobile satellite communications group, plunged 12.2 per cent today after it emerged that Harbinger Capital, the activist American hedge fund investor, has...
View ArticleHarbinger suspends Inmarsat talks, still wants deal
Reuters- U.S. hedge fund Harbinger remains interested in buying British satellite communications firm Inmarsat, but is suspending talks for now because of the lengthy regulatory process involved, it...
View ArticleHedge Fund Halts Takeover Talks, Inmarsat Shares Plunge
New York (HedgeCo.Net) – Inmarsat shares took a dive yesterday after hedge fund Harbinger Capital halted talks of a possible takeover. Harbinger has amassed a 28 percent stake in the U.K.-based mobile...
View ArticleHedge fund calls top of cycle
Sydney Morning Herald- The ownership structure of some of Australia’s largest mining companies could be set for a major change after New York hedge fund Harbinger Capital Partners has indicated it...
View ArticleHarbinger Capital Builds 6.6% Stake in Sunoco
Seeking Alpha- In a 13G filing after the close Friday on Sunoco, Inc. (SUN), Philip Falcone’s Harbinger Capital disclosed a 6.6% stake (7,732,600 shares) in the company. The hedge fund did not show a...
View ArticleNew York Hedge Funds Need Quick Turnaround
New York (HedgeCo.Net) – New York’s top 100 hedge funds are in trouble and can’t seem to get out of the red, according to performance reports obtained by the New York Post. Prominent hedge funds are...
View ArticleHigh Flying Falcone Has His Wings Clipped
New York Post – After months of falling financial stocks and rising oil prices, July’s sudden turnaround was a welcome relief to average investors. Not so for hedge funds – including subprime-mortgage...
View ArticleHedge Fund Harbinger Buys Nearly 5% of Cablevision
West Palm Beach (HedgeCo.net) - Harbinger Capital Management, an activist hedge fund, has accumulated a 4.9% stake in Cablevision Systems Corp, according to The Wall Street Journal. In a regulatory...
View ArticleHarbinger to raise stake in Cleveland-Cliffs
Reuters – Hedge fund Harbinger Capital Partners said on Thursday it is seeking approval from Cleveland Cliff’s shareholders to boost its ownership stake to as much as a third of the iron-ore company....
View ArticleHarbinger Hedge Fund Looking to Shake Up Another Board
New York (HedgeCo.Net) – Harbinger Capital has taken an 8 percent stake in Cablevision Systems Corp., according to a regulatory filing done yesterday with the Securities and Exchange Commission. The...
View ArticleHarbinger Hedge Fund Picks Next Battle
New York (HedgeCo.Net) – Harbinger Capital Partners is no stranger to aggressively seeking strategic changes within companies in which they invest. This month, it’s Harbinger vs. Cleveland-Cliffs Inc....
View ArticleHedge Fund Fires Back at Delphi, Seeks Damages
New York (HedgeCo.Net) – As if trying to secure $6.1 billion in financing to exit bankruptcy isn’t enough of a headache, now Delphi has to deal with counterclaims by hedge fund Appaloosa Management who...
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