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June 05, 2019  

Harbert Scouts Managers for Hedge Fund Push

Harbert Management is seeking to rebuild its hedge fund business, whose assets have waxed and waned since the firm launched its first fund in 2001 with Phil Falcone as portfolio manager.The Birmingham, Ala., firm, led by Raymond Harbert, is getting ready to launch a vehicle called Harbert Stoneview that would invest in the debt of financially stressed mid-cap companies. Harbert has hired a credit-investing team from Roystone Capital to manage the...

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