Hedge Fund News From HedgeCo.Net


Philip Falcone, Hedge Fund Chief in Exile, Is Stepping Down

NYT – Philip A. Falcone, the hedge fund manager who made billions betting against the housing market and then lost a bundle trying to build a wireless network, is once again trying to reinvent himself.

In a surprising move, Mr. Falcone is stepping down as the chief executive and chairman of the Harbinger Group, a publicly traded company that owns stakes in the maker of the George Foreman grills and a life insurance company. The Harbinger Group announced the decision in a news release on Tuesday, just days after it filed its most recent annual report, which was signed by Mr. Falcone.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply