In a 13G filing just filed with the SEC late yesterday, Philip Falcone's hedge fund Harbinger Capital Partners has disclosed an 8% ownership stake in Morgans Hotel Group (MHGC). The filing was made due to activity on June 24th, 2009 and it now owns 2,584,726 shares. This is a brand new position for the fund, as it previously did not hold it when we last looked at Harbinger's portfolio.
Read more:
http://seekingalpha.com/article/147773-harbinger-takes-ownership-stake-in-morgans-hotel-group?rpc=401&source=feed
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