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Looking back on Harbinger’s LightSquared gamble and questions about Paulson

AR also revisits Lazard’s lessons learned

One year ago»» Phil Falcone’s now famous bet on LightSquared, a fledgling wireless broadband network, drew the attention of investors who worried the illiquid bet accounted for too large a percentage of his assets. At the time, Falcone would not disclose what percentage of Harbinger Capital Partner’s $3.4 billion flagship fund

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