Harbinger Capital Partners Investors
Harbinger Capital Investors Seek to Withdraw $1 Billion
Last year, prominent investors Blackstone Group and Goldman Sachs Group Inc. made redemption requests. Harbinger has faced regulatory scrutiny over a personal loan made to Mr. Falcone from Harbinger, which has been repaid. Harbinger has also told investors that regulators are investigating whether his firm has engaged in "market manipulation" in connection with debt trading from several years ago. Harbinger said it is cooperating with the investigations.
Separately, a satellite-wireless network project Mr. Falcone is pursuing has faced some headwinds lately.
Harbinger's main fund was up 2.17% this year through the end of May, according to a person familiar with the matter. That is less than the S&P 500 stock index over the same period but better than a hedge-fund performance index maintained by Hedge Fund Research Inc. that is up 1.92% for the period. Source
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