I dont want to compare it to Las Vegas in the 40s and 50s, Falcone says. But you know what. Somebody put a casino in the desert, and it looked pretty silly at the time. The investment is now about a decade old. In 2006, Harbinger was a remarkably successful hedge fund-Falcone had increased its assets from an initial 25 million to about 5.
5 paddypower sign up offer both he and the fund paddypower sign up offer mostly anonymous outside Wall Street. Late that year, Falcone became convinced the housing market was on the verge of collapse and started betting aggressively against subprime mortgages. In 2007, as the rest of the market began to rattle, Paddypower sign up offer flagship fund surged 116 percent, a gain that propelled Falcone overnight into a mythologized pantheon of traders who foresaw the financial crisis.
He was paid 1.