Harbert Management Corporation
{{Short description|U.S. investment management company}}
{{Infobox company
| name = Harbert Management Corporation
| logo = Image:Harbert_Management_Corporation_Logo.svg
| type = Private company
| foundation = {{start date and age|1993}}
| location = Concord Center
Birmingham, Alabama USA
| key_people = Raymond J. Harbert (Chairman, CEO),
J. Travis Pritchett (President, COO),
Raymond J. Harbert Jr. (CFO),
John W. McCullough (General Counsel)
| industry = Financial services
Investment management
| products = Real estate, Senior housing, Infrastructure, Private credit, Venture capital, Hedge funds
| assets = $8.2 billion AUM (May 2025)
| num_employees = 175+
| homepage = [http://www.harbert.net www.harbert.net]
}}
Harbert Management Corporation, based in Birmingham, Alabama, is a United States investment management company founded in 1993 by Raymond J. Harbert.{{cite news|last1=Helyar|first1=John|title=Harbert Outperforming Falcone With 11% Return Suffers Asset Drop|url=https://www.bloomberg.com/news/articles/2012-05-16/harbert-outperforming-falcone-with-11-return-suffers-asset-drop|newspaper=Bloomberg.com|date=16 May 2012 |accessdate=7 April 2015}}
Overview
The company has investment funds in ten alternative asset classes in three areas of concentration: real assets,{{cite web|last1=Tomberlin|first1=Michael|title=Birmingham's Harbert Management's latest real estate investment fund exceeds $400 million|url=http://www.al.com/business/index.ssf/2014/06/birminghams_harbert_management.html|website=AL.com|date=17 June 2014|accessdate=7 April 2015}} private capital, and absolute return strategies. The company was previously the majority owner of Harbinger Capital. HMC provided the original funding for Harbinger and its funds. The company also owns Harbert Realty Services (HRS).{{cite web |title=HRS |url=https://www.harbertrealty.com/about-us/}}
HMC has offices in Birmingham, Atlanta, Dallas, Nashville, New York, Richmond, San Francisco, London, Luxembourg, Paris, and Madrid.{{Cite web|url=https://www.harbert.net/contact/|title = Contact}}
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.{{cite web|title=Harbert Management's HERO Foundation to help storm victims with $500,000 in assistance|url=http://blog.al.com/businessnews/2011/05/harbert_managements_hero_found.html|website=The Birmingham News|date=25 May 2011|accessdate=7 April 2015}}
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 HMC
References
{{reflist}}
External links
- [http://www.harbert.net Harbert Management Corporation Website]
- [http://www.harbertrealty.com Harbert Realty Services Website]
Category:Companies based in Birmingham, Alabama
Category:Investment management companies of the United States
Category:Financial services companies of the United States
Category:Financial services companies established in 1993