Eismen, Falcone Funds May Face Liquidations, Redemptions

Thu, 06/09/2011 - 09:46 EDT - Bloomberg - Video News

June 9 (Bloomberg) -- Steven Eisman, the investor known for betting against for-profit schools and subprime mortgages, is leaving FrontPoint Partners LLC as the firm liquidates his hedge funds, according to a person briefed on the matter. Separately, Harbinger Capital Partners LLC, the $6 billion investment firm run by Philip Falcone, is facing at least $1 billion in redemptions from its main hedge fund after assets shrank by almost $2 billion in 2010, according to two investors. Deirdre Bolton reports on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
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Eismen, Falcone Funds May Face Liquidations, Redemptions

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