Anonymous investors tell The New York Times that billionaire hedge fund manager and LightSquared backer Philip A. Falcone didn't have a very good 2010. Falcone's hedge fund, Harbinger Capital Partners, lost 46.6 percent of its value last year as LightSquared ran face first into political headaches and GPS interference concerns. "The investors who remain in the fund are not happy with the results, but at least some who spoke on condition of anonymity saw it coming," says reporter Azam Ahmen. "One felt that the valuation was overly rosy for too long." LightSquared's fortunes don't look to be improving anytime soon, and Falcone continues to face several SEC investigations. read comment(s)