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Cash Matters

Things could be worse at Philip Falcone's cash-rich Harbinger Capital Partners.

The past few months have been hard on Harbinger Capital Partners and its founder, Philip Falcone. After a good start to the year (it was up more than 40 percent through June), the New York–based hedge fund firm gave up those gains. Falcone’s main fund dropped 17.9 percent in September

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