Tag Archives: mistrust

Harbinger 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. The mining company is urging shareholders to reject a bid by the […]

Harbinger 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 activist hedge fund now owns nearly 19 million shares of […]

Harbinger 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. Harbinger — already Cleveland-Cliffs’ largest shareholder — […]

Hedge 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 filing, Harbinger said that it had bought 11.45 million of […]

High 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 superstar Phil Falcone. That’s because a number of […]

New 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 still trying to recover […]

Harbinger 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 stake in Sunoco at the quarter […]

Hedge 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 believes commodities prices could be nearing their peak. Harbinger, […]

Hedge 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 satellite communications group. Harbinger, who has AUM upwards […]

Harbinger 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 said on Monday. "Harbinger remains interested in acquiring control of Inmarsat and […]

Inmarsat 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 suspended talks over a possible takeover. While both parties left the door […]

Hedge 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 Corporation’s takeover of the latter. Harbinger, a major shareholder […]