Friday, 27 March 2015
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…