Tuesday, 2 September 2014
Last updated 10 hours ago
May 17 2013 | 10:45am ET
A major Hollywood divorce is hung up over a hedge fund.
Actors Demi Moore and Ashton Kutcher separated a year-and-a-half ago, and filed for divorce in December. But the two haven't reached a settlement, in part because Moore insists she's entitled to $10 million from a hedge fund Kutcher set up with Guy Oseary, Madonna's manager.
According to the New York Post, Kutcher has told Moore that his contribution to A-Grade Investments was just $1 million. But the tabloid reports that Kutcher and Oseary, in a proposed private offering, valued the fund at $100 million. Moore wants half of Kutcher's 20%, or $10 million.
"Ashton made a lot of money after they married, but he doesn't believe he owes her as much as she is asking for" in spousal support, a source told the Post.
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…
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...