Tags: Harbinger, Hedge funds, JP Morgan, Paul Volcker, Phil Falcone, Retirement, sexual harassment
We heard from Harbinger’s Phil Falcone after we noted the $63M lawsuit filed by ex-employee Arthur Kagan, who was originally described by the NY Post as “a former Harbinger partner and chief investment officer.”
According to Falcone: “He was never a CIO, only an analyst and the suit is absolutely without merit. We clearly plan to vigorously defend”
The NY Post must have amended their original article, which now describes Kagan as “a former Harbinger partner and investment officer”, not CIO.
Tags: Harbinger, Phil Falcone
FINalternatives has culled through the Forbes list for all of the alternative investment guys who are represented. Notably missing: Allen Stanford. Here's the list:
Tags: Allen Stanford, Avenue Investments, Bruce Kovner, Carl Icahn, Citadel, DE Shaw, Eddie Lampert, George Soros, Harbinger, Hedge funds, Henry Kravis, Highbridge, Jim Simons, Leon Black, Private equity, SAC Capital, Sam Zell
Here’s the 13F Chart study for Phil Falcone’s Harbinger Capital updated for Q4 2008.
Tags: 13F Charts, Charts, Harbinger, Hedge funds, Phil Falcone
Bloomberg slipped this in just after the market closed on the day before Christmas: Harbinger is yet another large fund limiting investor withdrawals…
Tags: Credit Crunch, Harbinger, Hedge funds
The 13F hedge fund chart studies we track were updated over the weekend. You can find them here.
Tags: 13F Charts, Appaloosa, Atticus, Baupost, Carl Icahn, Clarium Capital, Dan Loeb, Dave Tepper, Farallon, George Soros, GLG Partners, Greenlight Capital, Harbinger, Hedge funds, MatlinPatterson, Maverick Capital, Och Ziff, Passport Capital, Paulson & Co, Pequot Capital, Perry Capital, Philippe Jabre, Ramius, SAC Capital
Another headache for Phil Falcone's Harbinger Capital. According to Bloomberg, the hedge fund faces a possible $200 million loss on Navistar Credit Default Swaps, which Falcone described as one of the fund's "largest performance detractors" in October:
Tags: 13F Charts, CDS, Charts, Harbinger, Hedge funds
Harbinger Capital's much anticipated 3rd Quarter 13F is out, and below are the charts for the stocks in the filing. Unsurprisingly, given Harbinger's nasty September and October, the charts are mostly really ugly.
Tags: 13F Charts, Charts, Harbinger, Hedge funds
We're listening to the House Oversight Committee testimony of the hedge fund bigs, including George Soros, Jim Simons, John Paulson, Phil Falcone and Ken Griffin. Soros just came up to bat as the first speaker. And he plugs his new book.
LOL
Tags: Citadel, George Soros, Harbinger, Hedge funds, Jim Simons, Paulson & Co, Politics
Harbinger's Phil Falcone, Citadel's Ken Griffin, Paulson & Co's John Paulson, RenTech's Jim Simons and George Soros have a date with congress on Thursday, as they become the latest group on the hot seat to face what's likely to be some hostile questions.
Tags: Citadel, George Soros, Harbinger, Hedge funds, Jim Simons, Politics, Renaissance Technologies
We’ve started updating our 13F hedge fund chart studies with the new 6/30 filings. You can find the them here. We’ll be updating more in the next few days.
Tags: 13F Charts, Atticus, Carl Icahn, Charts, Greenlight Capital, Harbinger, Hedge funds, Passport Capital, Paulson & Co
Phil Falcon’es largest hedge fund was down a whopping 16% in July according to the NY Post. It was hit by reversals in the short financial / long energy trades that so many hedge funds had crowded into. But the fund is still said to be up 27% through Aug 1.
High-Flying Falcone Has His Wings Clipped – NY Post
Tags: Harbinger, Hedge funds
That includes Harbinger, which the Financial Times notes lost 12% in the first 2 1/2 weeks of July, and Clarium, down 4.3% for the month to July 18. Both funds are said to still be up strongly for the year though. Hedge funds that have gotten hit the most were the many who piled into the long commodities / short financials bets. And one of the worst performers is said to be RAB Capital’s hedge funds. Their Energy fund was down 16.1% by mid July and down 25.2% year to date; the company’s $2 billion Special Situations fund got smacked to the tune of 11.4% and it’s down 31.8% year to date…
Tags: Harbinger, Hedge funds, RAB Capital
Over the past couple of weeks, many large funds like Harbinger, GLG and Jabre Partners have been forced to disclose big short positions in UK stocks due to new rules generated by the FSA. Darren Fox, partner at London lawyers Simmons & Simmons, has doubts about whether those rules would stand up in court and suggests that they could be challenged on several grounds. "The making of this rule is best described as legally ‘questionable", he told FinancialNews.
“Despite the fact that it purports to
form part of the Code of Market Conduct, the FSA has introduced part of the new
(shorting) provision as a ‘rule’,” Fox said. The Code, he added, is meant to
consist of ‘guidance’, not ‘rules’. “The FSA simply does not have the
power to make ‘rules’ within the Code," said Fox.
Lawyer casts doubt over FSA shorting rule - FinancialNew Online
Tags: FSA, Harbinger, Hedge funds, Philippe Jabre
All charts were updated for the last trading day of last week, 7/3
Tags: 13F Charts, Appaloosa, Carl Icahn, Charts, Dan Loeb, Dave Tepper, Eton Park Capital, Farallon, Greenlight Capital, Harbinger, Hedge funds, John Burbank, MatlinPatterson, Metropolitan Capital, Och Ziff, Passport Capital, Paul Tudor Jones, Paulson & Co, Perry Capital, Philippe Jabre, SAC Capital
We updated all of the 13F charts this weekend. In addition, Soros’ top 200 positions have been added, as well as Blue Ridge Capital.
The link is here.
Tags: 13F Charts, Appaloosa, Avenue Investments, Bill Ackman, Carl Icahn, Charts, Dan Loeb, Eton Park Capital, George Soros, Greenlight Capital, Harbinger, Jana Partners, John Burbank, MatlinPatterson, Metropolitan Capital, Och Ziff, Passport Capital, Paul Tudor Jones, Paulson & Co, Perry Capital, Philippe Jabre, SAC Capital
The big are getting bigger and in this market the small are destined to fade away: This morning’s Wall Street journal has an excellent article on the problems that many hedge funds are having raising — and keeping – money in this treacherous market. While large funds with high returns seem to be having few problems in the cash raising department — with some, like Harbinger, who in the market to raise billions more (Per the NY Post) — smaller ones are staring at billions in redemptions. Hedge funds with only a few hundred million are perceived as way too small these days to attract capital. Those with at least $1 billion stand a better chance, but it’s still tough. In today’s market, 87% of the hedge fund money invested is managed by firms that have at least $1 billion, and 60% of total assets is managed by hedge funds of at least $5 billion in size.
Even funds with excellent returns are having problems getting larger. Xerion Capital Partners, with 5 year average annual returns of 21% after fees, had a tough time raising money with several hundred million under management. So they sold out to the much larger Perella Weinberg. Partners.
Tags: Harbinger, Hedge funds, Och Ziff
This morning’s NY Post reports that Phil Falcone’s Harbinger capital is seeking to leverage off of its recent successes and hugely impressive returns by raising as much as $4 billion more over the next six months. He’s said to have hired Blackstone Group’s third-party marketing arm, Park Hill, to bring in new funds from pensions and soverigh wealth funds.
Times Tamer’s $4B Fund Push – NY Post
Harbinger’s 13F Holdings in chart form
Tags: 13F Charts, Harbinger, Hedge funds
We’ve added the following 13F chart studies:
All of them can be found here.
In addition, all of the original chart studies were updated as of Friday’s close. They can also be found at the above link.
Tags: 13F Charts, Activist Investing, Appaloosa, Atticus, Bill Ackman, Carl Icahn, Eton Park Capital, Greenlight Capital, Harbinger, Hedge funds, John Burbank, Lone Pine Capital, MatlinPatterson, Metropolitan Capital, Och Ziff, Passport Capital, Paul Tudor Jones, Philippe Jabre, SAC Capital
While most hedge funds focusing on distressed investments seem to be having a not so great year with pretty piddly results (up no more than 1% according to Barclay’s Hedge Fund Index), Harbinger’s Phil Falcone is bucking the trend big time. He’s up a whopping 30% so far this year according to the NY Post. How did he make those numbers? For one thing, last year he bought stock in Cleveland Cliffs that has skyrocketed along with other metals based companies.
For a look at where he’s made other gains, here are charts for all of the stocks that Harbinger lists in its first quarter 13F. (you can also find 13F chart studies for other hedge funds here.)
Falcone Is Hedge Biz ‘Iron Man’ – NY Post
Tags: 13F Charts, Harbinger, Hedge funds
Here’s a link for the new index page that shows all of the hedge fund 13F’s that we’ve added, as well as the date that they were last updated. We’re gonna try to update them at least once a week on a rolling basis, and especially on days the the market has a big move. There’s a permanent link near the top of the right hand column.
Tags: 13F Charts, Atticus, Harbinger, SAC Capital
How did hedge funds fare during the market plunge last Friday? We’ve compiled chart studies of 13F’s for many of the funds for you to look at.
Here are links to Harbinger (Phil Falcone), Icahn (Carl Icahn) and Third Point (Dan Loeb).
Tags: 13F Charts, Carl Icahn, Harbinger, Hedge funds
And no suprise here, John Paulson, who shorted sub-prime related issues in arguably the best trade in history, tops the list at $3 billion plus….
To make the top 100, you had to make at least $75 million….
Here’s the top 10:
Tags: Citadel, GLG Partners, Harbinger, Hedge funds, Jim Simons, Paul Tudor Jones, Paulson & Co, SAC Capital
13F Charts AIG Amaranth Autos Bank of America Bankruptcy Banks Barack Obama Barclays Bear Stearns Ben Bernanke Bernie Madoff Blackstone Bonuses Carl Icahn Charts Citigroup CNBC Compensation Credit Crunch Distressed Economy Fed GM Goldman Sachs Hedge funds Henry Paulson Hookers Insider Trading investment banking Jamie Dimon JPM Chase JP Morgan Lawsuit Legal Lehman Brothers Merrill Lynch Morgan Stanley Politics Private equity Real Estate Revolving Door SAC Capital SEC TARP
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