Harbert_Management_Corporation
Harbert Management Corporation
U.S. investment management company
Harbert Management Corporation, based in Birmingham, Alabama, is a U.S. investment management company founded in 1993 by Raymond J. Harbert.[1]
| Company type | Private company |
|---|---|
| Industry | Financial services Investment management |
| Founded | 1993; 31 years ago (1993) |
| Headquarters | 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) |
| Products | Real estate, Senior housing, Infrastructure, Private credit, Venture capital, Hedge funds |
| Total assets | $7.8 billion AUM (3/31/24) |
Number of employees | 175+ |
| Website | www.harbert.net |
The company has investment funds in ten alternative asset classes in three areas of concentration: real assets,[2] private capital, and absolute return strategies. The company was previously the majority owner of Harbinger Capital.[1] HMC provided the original funding for Harbinger and its funds. The company also owns Harbert Realty Services.
HMC has offices in Birmingham, Atlanta, Dallas, Nashville, New York, Richmond, San Francisco, Los Angeles, London, Luxembourg, Paris, and Madrid.[3]
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.[4]
- 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
- Helyar, John (16 May 2012). "Harbert Outperforming Falcone With 11% Return Suffers Asset Drop". Bloomberg.com. Retrieved 7 April 2015.
- Tomberlin, Michael (17 June 2014). "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. 25 May 2011. Retrieved 7 April 2015.