Lawrence Clark, a senior analyst at Harbinger Capital Partners, is planning to start a new hedge fund, The Wall Street Journal reports. Clark resigned from the hedge fund firm on Jan. 7, 2011.
The fund is expected to be launched in the next six months. The unnamed hedge fund will invest through an event-driven strategy, buying securities of companies going through mergers, restructurings and other events.
Click here for the story from The Wall Street Journal.