Tuesday, 29 July 2014
Last updated 4 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…