The story
The company was founded in 1993.
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.
The company was previously the majority owner of Harbinger Capital. HMC provided the original funding for Harbinger and its funds.
From Wikipedia’s article on Harbert Management Corporation, shared under CC BY-SA 4.0.4