Harbinger Capital Partners provides investment advice to privately offered funds, not individual investors. Harbinger invests in special situations, distressed companies, value investments, and corporate shorts. Harbinger seeks alpha-generating ideas uncorrelated to investment cycles. Some funds are in liquidation or reducing assets to cash.
Harbinger Capital Partners advises private investment funds. Management fees range from 1.0% to 1.5% per year, calculated as a percentage of net asset value or invested capital, depending on the fund. Incentive allocations range between 15% and 20% of net realized and unrealized capital appreciation, subject to a loss carryforward.