Tag: LightSquared

Hedge Fund Titan Falcone Gets Financing From Michael Dell

Falcone’s Harbinger Capital Partners  entered into a note purchase agreement  credit fund run by MSDC Management LP. MSDC Management is an investment adviser backed by MSD Capital LP, the private investment firm for Dell and his family.Under the financing agreement,…

Hedge Fund Backed LightSquared Filing Bankruptcy

LightSquared Inc. a startup telecommunications company, bankrolled by hedge fund Harbinger Capital filing chapter 11 LightSquared filed for Chapter 11 bankruptcy protection on few hour ago today after intense negotiations with creditors who had requested that the company’s backer, hedge…

Biggest Drop In a Hedge Fund History

Totally Lightscrewed Phil Falcone waited at the bar of the Post House in New York with two colleagues and a $199 bottle of Tignanello. His guest, Carl Icahn, was late. Falcone, the hedge-fund manager who has invested $3 billion in…

Phil Falcone

Phil Falcone’s Net Worth is $1.1 Billion. He is a Hedge Fund Manager, a former Harvard hockey star Philip Falcone scored $1.7 billion by betting against subprime mortgages in 2007 but has since lost much of that on an ill-conceived…