Harbert Management Corporation
| Harbert Management Corporation | |
| Company type | Private company |
|---|---|
| Industry | Financial services Investment management |
| Founded | 1993 |
| Headquarters | Birmingham, Alabama USA |
Key people | Raymond J. Harbert, Chairman, CEO Charlie D. Miller, Executive Vice President Sonja J. Keeton, CFO John W. McCullough, General Counsel |
| Products | Private equity, Venture Capital, Real estate, Mezzanine, Energy, Hedge funds |
| Total assets | $4.3 billion USD (March 2016) |
Number of employees | 200+ |
| Website | www.harbert.net |
Harbert Management Corporation, based in Birmingham, Alabama, is a U.S. investment management company founded in 1993 by Raymond J. Harbert.[1]
The company has investment funds in ten alternative asset classes in three areas of concentration: real estate,[2] private capital, and absolute return strategies. The company was previously the majority owner of Harbinger Capital.[1] Harbert provided the original funding for Harbinger and its funds. The company also owns Harbert Realty Services.
Today the company has offices in Birmingham, New York City, Richmond, Nashville, San Francisco, Atlanta, Dallas, London, Paris, and Madrid, with plans for continuing expansion as markets present themselves. Harbert has over 200 employees, with 120 of them working at the Birmingham headquarters.
In 1998 the company established the HERO Foundation which provides direct financial assistance to help people who have been affected by natural disasters, medical conditions or temporary financial hardships to regain their independence and self-sufficiency.[3]
See also
- Harbert Corporation, an international construction, energy, and investment company founded by John M. Harbert and Bill L. Harbert and the predecessor company to Harbert Management Corporation
- B.L. Harbert International, founded by Bill L. Harbert from Harbert Corporation's former international construction division
- Harbinger Capital, hedge fund formerly owned by Harbert
References
- ^ a b Helyar, John. "Harbert Outperforming Falcone With 11% Return Suffers Asset Drop". Bloomberg Business. Retrieved 7 April 2015.
- ^ Tomberlin, Michael. "Birmingham's Harbert Management's latest real estate investment fund exceeds $400 million". AL.com. Retrieved 7 April 2015.
- ^ "Harbert Management's HERO Foundation to help storm victims with $500,000 in assistance". The Birmingham News. Retrieved 7 April 2015.