Hedge Fund Crisis Hits Hollywood

Aug 3 2009 | 10:46am ET

The economic meltdown and its effect on hedge funds have been felt everywhere. Tinseltown is no exception.

Blowtorch Entertainment Corp., which debuted two years ago as a hybrid movie company focused on young adults, finds itself in suspended animation after its hedge-fund backers pulled out, VentureWire reports. The San Francisco-based company said that more than half of the $50 million it raised came in the form of debt provided by hedge funds, and it has returned 90% of that capital.


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Publisher's Note

    Save The Date: FINforums Annual Hedge Fund Summit

    Mar 2 2012 | 4:10am ET

    Deirdre BrennanDeirdre BrennanFINforums, the events arm of FINalternatives, is holding its Annual Hedge Fund Summit on Sept. 20, 2012 at the Sentry Centers in New York City. Don't miss out on this chance to meet and mingle with the top decision makers and investors in the alternative asset management industry. Read more…