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Falcone Forced to Sell Harbinger Cheap
Chidem Kurdas In the past week or two the holder of an option to buy shares of Harbinger Group Inc., the NYSE-listed holding company largely owned by funds managed by Philip Falcone, made a quick...
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Falcone Harbinger Deal Below Market Price
Chidem Kurdas Funds controlled by Philip Falcone sold some seven million shares of NYSE-listed holding company Harbinger Group at $11 a share on Monday. This is below the current market quote around...
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European Bank Distress Requires Investor Patience
Chidem Kurdas Much touted for several years, the trade on European distressed finance looked like a rare opportunity. Buy the drastically under-priced debt of troubled yet inherently valuable European...
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Falcone Retains Harbinger Group Stake
Chidem Kurdas After agreeing to step down as chief officer and chairman of New York Stock Exchange-listed Harbinger Group (HRG), Philip Falcone and hedge funds he manages still own nearly 38 million...
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Mass Affluent PE: Will It Succeed?
Chidem Kurdas Our retirement investing is still a new world. Our grandparents received defined benefit pensions, which were paid out of big pools allocated in large chunks to diverse categories of...
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Trends Come Back to Surprise Investors
Chidem Kurdas It’s a common pattern. No sooner than a view solidifies into conventional wisdom, it turns out to be wrong. So it was with 2014’s top hedge fund strategy. This is a strategy where the...
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