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’Harbinger exits Inmarsat
Proving once again that lock-up arrangements with big investment banks aren’t worth the paper they’re written on, news reaches the FT Alphaville desk that Philip Falcone’s Harbinger Capital Partners is placing its remaining 14 per cent stake in Inmarsat.
Has Harbinger sold out of Tate & Lyle?
That rather amateurish photo (taken with a Nokia 6303) is the Indications of Interest (IOI) page on Bloomberg for Tate & Lyle, the UK sugar and food ingredients company.
(We would have used the ‘Grab’ function,
Introducing Project Veritas (née Baseball)
Otherwise known as Harbinger’s plan to sew a coast-to-coast US satellite communications network through the acquisition of SkyTerra Communications of the US and then Inmarsat, which is quoted in London and is a constituent of the FTSE 100.
What to buy and sell on the MSCI re-shuffle
The results of the latest MSCI reshuffle are out and they are already having an impact on stock prices.
As was widely rumoured, Ladbrokes has been removed from the MSCI World index, along with upmarket housebuilder Berkeley.
Hedge fund chiefs speak
Some of the world’s top-earning hedge fund managers told Congress on Thursday that they broadly agreed that largely unregulated financial vehicles ought to be subject to greater disclosure, though they warned of excessive regulation.
[Hedgies v Waxman] Choice quotes from the prepared testimony
John Paulson, who called for stiffer conditions on government funding in the TARP program, including the suspension of dividend payments on common stock until after TARP preferred shareholdings are repaid:
[Hedgies v Waxman] Paulson, Falcone and Soros head to the Hill
The Committee on Oversight and Government Reform, chaired by the formidable Henry Waxman, will today hold a hearing on hedge funds and the financial market.
According to preliminary reports, it promises to be a zinger.