Harbinger Capital

By Insider Monkey Staff Phil Falcone’s Harbinger Capital Partners became famous in 2007 when Falcone became famous for betting against subprime mortgages. The investments, however unpopular, made Harbinger $11 billion in 2007. That year, Harbinger Capital returned 116%. By mid 2008, when the...

Tyler Mathisen of CNBC hosted a panel yesterday at the CNBC/Institutional Investor "Delivering Alpha" conference with six of the brightest minds in the hedge fund world, and asked them for some of their best investment ideas. Up first was Kyle Bass from Hayman Capital, and his idea was to short...

Shares of The New York Times Company (NYSE: NYT) are higher on the session by 5.50%, currently trading at $8.63. The stock is seeing huge volume as well with shares turning over 10.8 million times; that is 6.05x the 10-day daily average volume and 8.5% of the float. It is rumored that one of the...

Phil Falcone made over a billion dollars betting against subprime mortgages in 2007. He manages the $8 billion Harbinger Capital hedge fund. Falcone's newest bet is astounding in its riskiness and could blow up in his face in spectacular fashion. According to a blockbuster Reuters article,...

Palm (NASDAQ: PALM) is selling off again this morning, currently trading lower by 7.16% to $5.19. This action comes after Morgan Keegan & Co downgraded the stock to “Underperform.” Travis McCourt, analyst for Morgan Keegan, believes that the company is unlikely to negotiate a buyout and that...

The shares of troubled smartphone manufacturer Palm Inc. (NASDAQ: PALM) are getting a boost today as Philip Falcone's Harbinger Capital Partners has disclosed a new 9.5% stake in the company. On the day, PALM shares have gained 5.43% and are currently trading at $5.44. The stock has been...