Tuesday, 23 September 2014
Last updated 1 hour ago
Feb 18 2010 | 11:07am ET
Hedge fund Pacificor is seeing so much interest in the rights to “The Terminator” action movie franchise, it’s hired a law firm to handle the inquiries.
The Santa Barbara, Calif.-based hedge fund, which last week won the “Terminator” rights at a bankruptcy auction, is directing interest parties to Latham & Watkins. Pacificor said it has been contacted by “numerous” movie studios, producers, agents and others.
While the firm is “proud to own one of the most enduring and valuable franchises in motion picture history,” it realizes that it is no movie studio.
“While Pacificor is not in the theatrical feature production business, it does have access to considerable industry expertise and will consult with those experts over the next few weeks regarding all serious proposals,” it said.
Pacificor won the “Terminator” rights with a $29.5 million credit bid. The former owners of the franchise had bought the rights with a $30 million loan from the hedge fund, and the hedge fund claimed the former owners owed it some $38 million.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.