Sunday, 21 September 2014
Last updated 1 day ago
Nov 14 2011 | 11:47am ET
Relativity Media isn't rid of Elliott Management just yet.
The Hollywood film studio has been looking to buy out its erstwhile hedge fund backer for the entire second half of the year. But talks with a consortium of investors. led by JPMorgan Chase, have stalled just in time for Relativity's biggest moment: the release of its Immortals.
Elliott, for its part, has said it is not interested in selling its 49% stake in Relativity; the hedge fund has invested more than $1 billion in the studio. But Relativity reportedly has an option to buy Elliott out.
Some sources close to the talks say they are still ongoing, Variety reports.
"Don't count out [Relativity chief Ryan] Kavanaugh," one financial source told Variety. "He's been very successful in raising money in the past. Logic would say that JPMorgan wouldn't want to fund it at this point—but when has logic ever prevailed in the film business?"
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.