Most of the decline in the Harbinger Capital Partners Offshore Fund I came from Falcone’s investment in LightSquared Inc.
Dominic Chu reports on Bloomberg Television's In the Loop.
Source: Bloomberg
Phil Falcone’s Harbinger Capital Partners LLC lost 47% for investors in his main hedge fund last year as he was forced to slash the value of his troubled wireless venture by more than half, according to a person familiar with the results.
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