Raymond Jones Harbert (born December 1958) is an American business executive, investor and philanthropist from Alabama.
[4] Harbert graduated from Auburn University, where he received a Bachelor of Science in Industrial Management in 1982.
[8] The firm manages money for a wide variety of clients ranging from public endowments and foundations to high net worth individuals and family offices.
[10] HMC invests in real estate, energy, private equity and debt, venture capital, and the public markets.
[8] In 2000, Harbert launched what became Harbinger Capital Partners, a hedge fund managed by Philip Falcone.
[8][11] After a strong 10-year run under the HMC umbrella, Falcone became the majority owner of Harbinger, though Harbert remained a personal investor.
[6][7] The donation helped fund professorial chairs, a doctoral program in finance, and the establishment of the Harbert Investments Center, a research center within the business school in conjunction with the Samuel Ginn College of Engineering.