{"id":11300,"date":"2009-08-20T00:00:00","date_gmt":"2009-08-20T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"talk-of-harbinger-stake-in-african-minerals","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/talk-of-harbinger-stake-in-african-minerals.html","title":{"rendered":"Talk of Harbinger stake in African Minerals"},"content":{"rendered":"<p> Telegraph.co.uk &#8211; The chatter was that Harbinger, a powerful US hedge fund run by Philip    Falcone, has built a small stake in African Minerals and has been talking to    London brokers in recent days about picking up more stock. Harbinger    declined to comment.   <\/p>\n<p> If Harbinger has built a stake in the company, it is not clear what the hedge    fund&#8217;s intentions are for African Minerals. The group runs a variety of    strategies. Sometimes the investment fund acts as a passive, long-only    investor. However, Harbinger also has a reputation for being activist and    occasionally bids for companies. Last year, for example, Harbinger made a    takeover approach for blue-chip satellite services group Inmarsat, which    slipped 6.3 to 495.2p.  <\/p>\n<p> Mr Falcone is well known in City circles. The trader hit the headlines when it    emerged that Harbinger was one of the main hedge funds to have shorted HBOS    before the Government orchestrated the bank&#8217;s emergency merger with Lloyds,    now Lloyds Banking Group.  <\/p>\n<p><strong><a href=\"http:\/\/www.telegraph.co.uk\/finance\/markets\/marketreport\/6057487\/Talk-of-Harbinger-stake-in-African-Minerals.html\" target=\"_blank\" title=\"Read Complete Article\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telegraph.co.uk &#8211; The chatter was that Harbinger, a powerful US hedge fund run by Philip Falcone, has built a small stake in African Minerals and has been talking to London brokers in recent days about picking up more stock. Harbinger [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[15490,1619,15492,2491,15487,4658,108,752,11708,15489,465,6169,5428,2614,1798,15488,15491,1422,14532,363],"class_list":["post-11300","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-2p","tag-activist","tag-acts","tag-banking-group","tag-city-circles","tag-falcone","tag-harbinger","tag-hbos","tag-hedge-funds","tag-inmarsat","tag-investment-fund","tag-lloyds","tag-merger","tag-minerals","tag-reputation","tag-satellite-services","tag-services-group","tag-stake","tag-takeover-approach","tag-telegraph"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11300"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11300\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}