Philip Falcone is the founder and former CEO and Chairman of Harbinger Capital and has over twenty years investment analysis experience Mr. Falcone has over two decades of experience in distressed debt. In 2013, Forbes ranked him as one of the top 40 highest earning hedge fund managers. Harbinger Capital is a private hedge fund company launched in 2001 that is based in New York, New York. The company bets against sub-prime mortgage in the United States and United Kingdom. The company gained popularity in 2007, when the Harbinger Capital hedge fund earned $11 billion, resulting in a 116% return that year.
Mr. Falcone’s investment portfolio has 3% technology, 15% utilities and 82% other industry stocks. The top four positions in Mr. Falcone’s …show more content…
is a diversified holding company that manufactures various consumer products. Its products include consumer batteries, rechargeable batteries, small appliances, pet supplies, portable lighting products, small animal food, health and grooming products and aquatic health supplies. The company was previously named Harbinger Group Inc. and in March 2015, changed its name to HRG Group, Inc. HRG Group, Inc. was launched in 1954 and based in New York, New York.
<>Terrestar Corporation<>
Mr. Falcone owns 11,642,368 shares of Terrestar Corporation (NASDAQ: TSTR) valued at $5,763,000. Terrestar Corporation consists of 3.03% of his portfolio. Between March 2008 and June 2010, the share price fell from $4.88 to $0.49. During this period, Mr. Falcone’s shares increased from 10,291,520 to 11,642,368. Terrestar went bankrupt in 2010 and was purchased by Dish Network.
Terrestar was a satellite telecommunications company based in Reston, Virginia that provided satellite communications. The company provided a fully integrated and satellite-terrestrial mobile network. The company network leveraged TerreStar’s S band mobile satellite service (MSS) spectrum to provide voice, data and video services to government officials, emergency first responders and consumers in rural communities. The company was founded in 2002 and was based in Reston,
Mr. Falcone’s investment portfolio has 3% technology, 15% utilities and 82% other industry stocks. The top four positions in Mr. Falcone’s …show more content…
is a diversified holding company that manufactures various consumer products. Its products include consumer batteries, rechargeable batteries, small appliances, pet supplies, portable lighting products, small animal food, health and grooming products and aquatic health supplies. The company was previously named Harbinger Group Inc. and in March 2015, changed its name to HRG Group, Inc. HRG Group, Inc. was launched in 1954 and based in New York, New York.
<>Terrestar Corporation<>
Mr. Falcone owns 11,642,368 shares of Terrestar Corporation (NASDAQ: TSTR) valued at $5,763,000. Terrestar Corporation consists of 3.03% of his portfolio. Between March 2008 and June 2010, the share price fell from $4.88 to $0.49. During this period, Mr. Falcone’s shares increased from 10,291,520 to 11,642,368. Terrestar went bankrupt in 2010 and was purchased by Dish Network.
Terrestar was a satellite telecommunications company based in Reston, Virginia that provided satellite communications. The company provided a fully integrated and satellite-terrestrial mobile network. The company network leveraged TerreStar’s S band mobile satellite service (MSS) spectrum to provide voice, data and video services to government officials, emergency first responders and consumers in rural communities. The company was founded in 2002 and was based in Reston,