Tuesday, 23 September 2014
Last updated 57 min ago
Mar 19 2010 | 9:08am ET
Elliott Management Corp. has dropped out of the running for movie studio Metro-Goldwyn-Mayer.
The hedge fund, which was considering a bid along with Relativity Media, have decided not to pursue the troubled, debt-laden studio. The number of suitors for MGM continues to be whittled down, as Liberty Media Corp. is also said to have lost interest.
Private equity firm Qualia Capital, in partnership with News Corp., has proposed a restructuring of the studio’s debt instead of a sale. Six companies are expected to make binding offers for MGM.
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.