Reuters: Regulatory News: Harbinger Capital II down 29.6 pct in Feb-sources

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Harbinger Capital II down 29.6 pct in Feb-sources Mar 26th 2012, 16:06 March 26 | Mon Mar 26, 2012 12:06pm EDT March 26 (Reuters) - Philip Falcone's Harbinger Capital Partners Fund II lost more money in February, due largely to the fund's big investment in ailing telecom company LightSquared, two sources familiar with the numbers said. The fund declined 29.6 percent in February, leaving it down 26.7 percent for the first two months of the year. Falcone often takes his time, relative to competitors, in reporting monthly performance to his investors.

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