We just got some breaking news about Phil Falcone.
CNBC reported that Phil Falcone was preparing to go public with his Harbinger hedge fund. The fund has taken huge losses on an investment in Lightsquared. Lightsquared planned to develop a 4G LTE wireless communications network. The plan was turned down by the FCC over concerns of interference with GPS systems.
Crossroads Capital up 55.8% YTD after 32.5% in 2019 explains how it did it
Crossroads Capital is up 55.8% net for this year through the end of October. The fund released its 2019 annual letter this month after scrapping its previous 2019 letter in March due to the changes brought about by the pandemic. For 2019, the fund was up 32.5% net. Since inception in June 2016, Crossroads Capital Read More
Now…. FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports Harbinger Capital Partners’ Philip Falcone has no intention to make Harbinger a publically traded company. Contrary to a CNBC report, Falcone dismisses any talk of an IPO for the firm, telling Gasparino “What the @#$! would I IPO?”