numerology for Philip Falcone

1:54 p.m. CDT          May 13, 2012

Philip Falcone’s telecom start-up LightSquared edged closer to a bankruptcy filing on Sunday as the hedge fund manager was far from an agreement with creditors, sources familiar with the matter said.

Falcone has until Monday at 5 p.m. EDT (2100 GMT) to reach an agreement or face a default on a $1.6 billion loan, sources said.

Creditors have been negotiating to restructure LightSquared’s 96 percent ownership by Falcone’s Harbinger Capital Partners.

“The bondholders are asking for conditions they know Harbinger and Phil cannot agree to,” said a source close to the situation.

Falcone did not respond to a request for comment. Representatives for Harbinger and LightSquared declined to comment on Sunday.

Debt holders could have declared a default on the loan, which would have forced a bankruptcy, if there was no agreement by April 30. The deadline has been extended twice.

LightSquared’s future was thrown into doubt in February when the U.S. Federal Communications Commission said it would revoke its permission to build a high-speed wireless network as tests found risks of interference with Global Positioning Systems.

These systems support crucial services such as aviation safety and military systems as well as devices used in industries such as construction and agriculture.

LightSquared creditors have included hedge fund manager David Tepper, billionaire investor Carl Icahn and hedge funds including Fortress Investment Group , Knighthead Capital Management, Redwood Capital Management and investment firm Capital Research and Management Co.

Icahn recently sold his $250 million position in the company for a profit, according to sources.

“From the start, it didn’t appear they weren’t negotiating in good faith. It seemed as if they were only interested in seeing if they could force Phil to hand them control of the company so they could flip it for a quick profit,” the source close the situation said.

“Despite this feeling, Phil and the Harbinger team continue to try to see if there is some middle ground. But it appears only one side wants a deal,” the source added.

LightSquared’s fate has become an important concern for investors in Falcone’s $3.8 billion hedge fund, which has sunk some 60 percent of its money into the telecom startup.

Last year, Harbinger posted a 47 percent decline in value, largely because of a write-down on the value of the fund’s LightSquared investment.

from:  http://www.chicagotribune.com/business/sns-rt-us-lightsquaredbre84c0bp-20120513,0,2745677.story

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using the number/letter grid:

 
1      2      3       4       5       6      7      8      9
A      B     C       D       E       F      G      H      I
J      K      L      M      N       O      P      Q      R
S      T      U      V      W      X      Y      Z

Where:

A = 1              J = 1              S = 1

B = 2              K = 2             T = 2

C = 3              L = 3             U = 3

D = 4              M = 4            V = 4

E = 5              N = 5            W = 5

F = 6              O = 6             X = 6

G = 7              P = 7             Y = 7

H = 8              Q = 8             Z = 8

I = 9               R = 9

 

 

Philip Falcone

789397 6133655            72

 

his path of destiny = 72 = Greed.

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comprehensive summary and list of predictions for 2012:

http://predictionsyear2012.com/

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http://numerologybasics.com/

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https://www.createspace.com/3411561

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Sex Numerology available at:

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numerology for John Arnold

MAY 3, 2012          10:59 AM

John Arnold, one of the most profitable traders in the hedge fund industry, has decided to shut down his Centaurus Advisors and return money to investors, according to people familiar with the matter. He joins a string of wealthy managers who have made such a move after much success.

Mr. Arnold, who burnished his reputation at Enron before starting his hedge fund in 2002, did not specify his reasons for shutting the fund, but said simply it was time to pursue other interests. With an estimated net worth of $3 billion, Mr. Arnold joins the ranks of big-money managers who can afford to walk away.

As both hedge funds and commodities trading face unprecedented new regulations and oversight, Mr. Arnold had been unable to reproduce the triple-digit gains that made him famous (and have left him with an average annual return in excess of 100 percent). In 2010, he experienced his first year of negative performance. Last year, while most hedge funds lost money, Mr. Arnold returned about 7 percent, according to the people.

Mr. Arnold, who is based in Houston, could not be reached for comment. The news was first reported by Reuters.

The elite but growing club includes the hedge fund pioneer George Soros, who returned cash to outsiders last year, as well as the activist investorCarl C. Icahn. Both men cited new regulations that would require hedge funds to register with the Securities and Exchange Commission.

Chris Shumway, a protege of the investor Julian Robertson, returned money to investors in early 2011 after a bid to hand off investing responsibilities prompted an investor revolt. And Stanley Druckenmiller, a protégé of Mr. Soros with an enviable track record, did the same in 2010, having grown weary of managing money for others.

While hedge funds continue to start up with vigor, particularly as banks shed their proprietary trading operations, the industry as a whole has fallen on hard times. Returns have lagged behind those of the Standard & Poor’s 500-stock index since 2008, the worst year on record for hedge fund performance.

As more money floods into so-called alternative asset managers, returns have become harder to come by, some industry watchers say. Volatile markets and unpredictable central bank interventions have also left many traders wondering how changes will affect their industry.

The most profitable managers in 2011, or those who personally earned the most, did so by eking out modest gains atop large pools of money. Of the 25 top-earning hedge fund managers in 2011, 11 had single-digit returns in their funds, according to AR Magazine, including Paul Singer of Elliott Management and Israel Englander of Millennium Management.

Adding to uncertain market conditions, hedge funds are also facing a wave of new regulatory oversight. Hedge funds that manage more than $150 million in assets must now register with the Securities and Exchange Commission, a process that requires them to disclose information about their businesses and strategies. Among those details are the names of their prime brokers and custodial banks, the ownership structure of their funds and how much money they manage.

Though it is unclear what prompted Mr. Arnold to close his shop, he did not file the new registration forms with the agency at the end of March, the deadline.

Commodities trading, too, is in the midst of big changes. In an effort to stem speculation, regulators are going to start enforcing position limits on traders, restricting the number of contracts that can be held in a given commodity. Among those markets was the one for natural gas, Mr. Arnold’s specialty, which has also been one of the hardest-hit commodities because of an unseasonably warm winter and excess supply.

from:  http://dealbook.nytimes.com/2012/05/03/john-arnold-to-close-hedge-fund-and-return-investor-money/

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using the number/letter grid:

 
1      2      3       4       5       6      7      8      9
A      B     C       D       E       F      G      H      I
J      K      L      M      N       O      P      Q      R
S      T      U      V      W      X      Y      Z

Where:

A = 1              J = 1              S = 1

B = 2              K = 2             T = 2

C = 3              L = 3             U = 3

D = 4              M = 4            V = 4

E = 5              N = 5            W = 5

F = 6              O = 6             X = 6

G = 7              P = 7             Y = 7

H = 8              Q = 8             Z = 8

I = 9               R = 9

 

 

John Arnold

1685 195634           48

 

his path of destiny = 48 = Walking away from it all.

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—————————————————————————————–

comprehensive summary and list of predictions for 2012:

http://predictionsyear2012.com/

—————————————————————–

—————————————————————–

——————————————————————

you can try to figure out some of your own numerology for FREE at:

http://numerologybasics.com/

—————————————————————————————–

—————————————————————————————–

—————————————————————————————–

learn numerology from numerologist to the world, Ed Peterson:

https://www.createspace.com/3411561

—————————————————————————————–

—————————————————————————————–

—————————————————————————————–

Sex Numerology is available at:

https://www.createspace.com/3802937

Read Full Post »