Falcone Making Coin on Distressed Credit Trading

``Blue Line, a credit fund that invest in distressed debt of companies Falcone’s eyed as having valuable assets that the market just can’t see yet, is logging a positive 9 percent return through August. HFN’s Distressed Fund Index says the average ytd return for this sector is 6.6 percent. Apparently his investors are also NOT rushing to the door because his master fund is down 14 percent- instead they are giving him millions more to invest. Total asset under management for Harbinger Capital is now $9 billion. ''