Azam Ahmed, The New York Times, January 10, 2011
After more than eight years working beside Philip A. Falcone, the embattled hedge manager of Harbinger Capital Partners, Lawrence Clark, a top investment manager at the firm, confirmed on Monday that he had left to start his own fund.
Mr. Clark, 39, plans to start an event-driven hedge fund focused on metals, mining, food and agriculture, areas that he covered as a senior analyst when he reported directly to Mr. Falcone. His ideal size would be somewhere from $500 million to $1 billion, he said, although he acknowledged that it might be a tough time to raise money.
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