Harbinger Capital Partners is a private hedge fund based in New York City, New York. Harbinger was founded by its Senior Managing Director Philip Falcone and Harbert Management Corporation, a Birmingham, Alabama-based investment company that provided much of the original funding. Falcone before that was a former trader at Barclays Capital. Harbinger had funds under management of $26.5 billion (£13.4 billion) as of the end of June 2008. In 2009 Harbinger acquired the majority ownership of its funds from Harbert, although Harbert still handles administrative functions for Harbinger from its Birmingham and New York City offices.