3 ‘Backdoor’ Hedge Fund Stocks

These stocks give you easy access to the world of hedge funds

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3 ‘Backdoor’ Hedge Fund Stocks

harbinger 185 3 Backdoor Hedge Fund StocksHarbinger Group

Phil Falcone is another hedge fund manager who made it big betting against subprime mortgages before the housing bust, but things haven’t gone so well for the billionaire this year.

Charged with securities fraud, Falcone settled for $11.5 million and a five-year ban from the securities industry. But that hasn’t hobbled shares of Harbinger Group (HRG), the holding company majority owned by Falcone’s Harbinger Capital hedge fund.

Falcone remains chairman and CEO of HRG, and business is good. With stakes in everything from Spectrum Brands (SPB) to Fidelity and Guaranty Life, HRG is up 42% so far in 2013, beating the broader market by 19 percentage points.


Article printed from InvestorPlace Media, http://investorplace.com/2013/11/buy-stocks-get-hedge-fund-managers-profits/.

©2014 InvestorPlace Media, LLC

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