|Harbinger Group Inc. is attempting to wipe the slate clean with its announcement of a name change and a new CEO to replace Philip Falcone, its troubled founder and former Chairman. According to Bloomberg News, the New York-based hedge fund firm, at one time one of largest in the world, will now operate as the HRG Group with Omar Asali as its CEO. |
Omar Asali, former co-head of hedge fund strategies at Goldman Sachs Group Inc., had been serving as President of the firm. The moves come on the heels of Philip Falcone’s resignation in November after a drawn out investigation with the Securities and Exchange Commission over mishandling investor funds.