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Alternative Market Briefing

Harbert distressed fund aims at record year, already 25.7% in H1

Monday, July 16, 2007

After a launch in July 2002, the Harbinger Capital Partners Offshore Fund I, a hedge fund focusing on distressed and high yield (special situation) debt and equity, is about to have build a record year for its investors. In 2003, the fund achieved a 26.8% and in 2006 the numbers added up to 21.8%.

Senior Managing Director Philip Falcone said in an investor communication obtained by Opalesque “ although the market landscape has altered over the past month, we continue to see the opportunity set as situational in nature and view the rec......................

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