NYT – After more than eight years working beside Philip A. Falcone, the currently embattled hedge manager of Harbinger Capital Partners, Lawrence Clark, a top investment manager at the firm, confirmed Monday that he had left to start his own fund.
Mr. Clark, 39, plans to start an event-driven hedge fund focused on metals, mining, food and agriculture, areas that he covered as a senior analyst when he reported directly to Mr. Falcone. His ideal size would be somewhere from $500 million to $1 billion, he said, although he acknowledges that it may be a tough time to raise money.
