Harbinger looks to raise more assets, seeks business development chief

Mon Jun 2, 2008



Phil Falcone's Harbinger Capital Partners, whose assets quadrupled to $18 billion last year, is continuing to raise capital and is looking to hire a business development chief, a new role, to help in that endeavor.

While some investors redeemed earlier this year, the huge asset growth hasn't crimped returns. The firm's flagship event-driven and distressed fund (offshore), which rose 116.06% in 2007, was up 24.5% again through May 22. The firm now manages...

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