Thursday, 18 September 2014
Last updated 4 hours ago
Jun 30 2011 | 11:42am ET
Adding insult to injury, on the same day that President Barack Obama forcefully pushed for higher taxes on hedge fund managers, his friends in Hollywood have heaped their own indignity onto the alternative investments industry.
According to Deadline New York, Warner Bros. has acquired a pitch that will feature Will Ferrell as a narcissistic hedge fund manager, the latest movie to focus on the industry. In this case, Ferrell's hedge fund honcho thinks he has seen God.
The script for Swear to God will be written by Alan Cohen and Alan Freedland, who wrote the comedy Due Date and the television cartoons "King of the Hill" and "American Dad." Adam McKay, who frequently collaborates with Ferrell, is rumored to be the director.
Ferrell may have been doing some research for the role earlier this month, attending a dinner at Art Basel that featured none other than SAC Capital Advisors' Steven Cohen.
Whether the unrealistic premise—few if any hedge fund managers claim to have seen God, although more than a few might think they are God—will survive the possible Ferrell-Cohen tete-a-tete remains to be seen.
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.