September 07, 2006
Hedge Funds On Mission Hollywood
You would imagine that hedge funds, which deal in billions of dollars, take innumerous risks and are at best, involved in a fun game, would have no need for glamour. At least I did. But I guess it is not easy to remain unfazed when faced with Hollywood dazzle. So what do you have now? Hedge funds that are pouring their billions into the film industry, hoping to find block-buster returns in the film business.
One reason could be that plain corporate investments are not providing the spectacular returns that a Hollywood blockbuster can. Anyway, whatever the reason, in the past three years more than $4 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. Another reason for this growing interest in Tinseltown is that after all, even these guys – the hedge fund managers – are humans after all and cannot be immune to the stars.
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