October 29, 2006
Film Fever Hits UK Hedge Fund Industry
What’s it about movies and hedge funds? The trend began in Hollywood and has now spread to the UK film industry. Recently, Simon Fawcett, chief executive of Aramid Capital Partners, announced that they are spearheading the launch of a hedge fund to provide finance for independent British films. Timesonline.co.uk reports:
Aramid works by offering “bridge finance” to UK producers. Under a new tax scheme to encourage film-making in Britain, producers can gain tax credits depending on how much of a film is produced in the UK, but they may have to wait some time to receive the money.
Read more: Fawcett spearheads hedge fund launch
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