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