Ferrexpo Plc bought a stake in a Brazilian iron-ore producer that counts billionaire Carl Icahn and Glencore Xstrata Plc among investors, adding to its $1.5 billion plan to double output in the Ukraine.
California Public Employees’ Retirement System, the largest U.S. pension fund, is the lead investor in a $600 million pool formed by Harbert Management Corp. for investments in North American power assets.
Phil Falcone, founder of Harbinger Capital Partners, has made and lost billions with bets on mortgages and iron mines. Now, in a bid to build a new broadband network, he’s blasting investors money into space.
Senator Orrin Hatch is pushing an overhaul of public pensions that would let life insurers grab a bigger share of the $3 trillion in state and local funds, a potential windfall for companies such as MetLife Inc. and Prudential Financial Inc.
Phil Falcone, whose hedge fund Harbinger Capital Partners LLC has invested about $3 billion in a wireless venture that’s fighting to avert bankruptcy, said investors are passing up good illiquid investments.
Billionaire Phil Falcone is seeking to swap spectrum owned by LightSquared Inc. with that controlled by the U.S. Department of Defense, a person with knowledge of the company said, in an effort to salvage his investment and save his hedge fund.