Friday, 29 August 2014
Last updated 4 hours ago
Jun 6 2011 | 1:15pm ET
Rumors of the divorce between Relativity Media and Elliott Associates appear to be greatly exaggerated.
The former will invest more in the latter, rather than having its investment bought out. In exchange, Relativity has agreed to spin off its film fund—backed by Elliott for the past three years—to the hedge fund.
"As our core business of developing, producing and distributing our own product has grown to be competitive in size and scope with the majors, this move allows us to focus our energy on that business," Relativity CEO Ryan Kavanaugh said.
The film fund will be managed by Michael Joe, the former Relativity president hired by Elliott last month to lead Elliott Media Investments.
Last week, it was reported that Kavanaugh was seeking a buyer for Elliott's stake in the studio—the hedge fund has invested more than $1 billion in Relativity—but Elliott said it was not planning to sell its piece.
Relativity reportedly has an option to buy Elliott out.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...