August 29, 2006
Hollywood Magic Casts Spell On Hedge Funds
So, what do you think is the latest investment Mecca for hedge fund managers? No, they are not looking East for exotic investments -- rather it is much closer home. Hedge fund managers are now pouring billions of dollars into Hollywood, hoping to find block-buster returns in the film business that plain, old corporate investments cannot provide. Timesonline reports:
In the past three years more than $4 billion (£2.1 billion) of hedge fund money has been invested in Hollywood movies, with the lion’s share going to mainstream studios looking for new sources of finance. “Hedge funds are definitely the flavour of the month in Hollywood,” Larry Ulman, the head of the entertainment practice at the Los Angeles law firm Gibson, Dunn & Crutcher, said.
Read more: Allure Of Tinseltown Turns Hedge Fund Heads
--
Did you enjoy this post?
Comments
Post a comment
« Hedge Fund Drama, Hollywood Style | Main | Hedge Fund Parts Ways With OSI Chain »
Recent Comments