June 17th, 2008
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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 newfound clout.
Falcone is seeking to use the reputation gained from the Times fight and winning bets against subprime to springboard Harbinger, which now has $25 billion in assets, toward new goals, according to people familiar with the situation.
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On the heels of gains this year of close to 30 percent, Falcone is looking to attract $4 billion over the next six months, The Post has learned.
News Tags:ashe, bias, losses, mapeley, mistrust, nara, powerhouse, roller coaster, takeover, tribune co, value investors
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