Halcyon Holdings has accepted a deal from hedge fund Pacificor yesterday after a five-hour auction, according to a report by IndieMoviesOnline.com.

The Terminator rights were sold for $29.5 million, following a legal battle in which Halcyon Holding was forced to file for bankruptcy, the case was started by the hedge fund which won the bidding wars, Pacificor.

Lionsgate and Sony were strong bidders, even teaming up at one point, but eventually loosing to the frenetic will of the hedge fund, which has an interesting backstory in the case.

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Galileo Capital Management has launched LGBT Capital, a specialist Corporate Advisory and Investment Management Unit focused on the lesbian, gay, bisexual and transgender (LGBT) consumer market.

LGBT Capital provides corporate advisory and business development services for companies that serve the LGBT consumer sector. In addition, LGBT Capital is preparing to launch a fund that will invest in companies worldwide that provide products and services to the LGBT community.

The power of the 'pink dollar' is now well understood by mainstream global marketers. LGBT Capital believes that as LGBT freedoms continue to develop, growing companies will increasingly look to raise capital, merge and acquire, which will require specialist advice and capital raising options.

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Hedge Funds Care is holding its 12th Annual New York "Open Your Heart to the Children" benefit on Thursday, February 25, 2010 at Cipriani 42nd Street.

A committee will award Michael E. Novogratz, President of Fortress Investment Group, with a Hedge Funds Care Award, among others. The first founder's award will be presented to Lee Daniels, director of Precious. Michelle Caruso-Cabrera of CNBC will serve as master of ceremonies for this year's event.

The New York benefit is one of the key charity events in the hedge fund industry, gathering over 1,000 industry leaders and raising over $1,000,000 for child abuse programs in New York, New Jersey, and Connecticut. This year's event will feature an elegant cocktail reception, in lieu of a seated dinner.

The San Francisco Committee of Hearts is also holding the 9th Annual San Francisco Open Your Heart to the Children Benefit on Wednesday, April 28, 2010.

More on these stories here at Hedge Fund News

The London Nominees Football Fund launched on Feb 1, 2010, with approximately $40 million in assets under management.

The investment panel includes ex international players, coaches and leading industry experts offering investment in clubs, players, related brands and franchises, at a low minimum investment. Up until now, the football industry has been highly specialized and is difficult for the average investor to participate in.

"I am thrilled to contribute my experience with Football teams and clubs to The Football Fund. Our team, while focused on business, is as much driven by the love of the sport as the goal of well-earned profit." Carlos Alberto Torres, Chairman of the Football Fund said, "The Football Fund invests not only in hard assets that bear fruit, but also in new ideas, fresh endeavors, and in the next generation of Football's growth and development."

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CNBC

Hedge Funds Care is holding its 12th Annual New York "Open Your Heart to the Children" benefit on Thursday, February 25, 2010 at Cipriani 42nd Street.

A committee will award Michael E. Novogratz, President of Fortress Investment Group, with a Hedge Funds Care Award, among others. The first founder's award will be presented to Lee Daniels, director of Precious. Michelle Caruso-Cabrera of CNBC will serve as master of ceremonies for this year's event.

The New York benefit is one of the key charity events in the hedge fund industry, gathering over 1,000 industry leaders and raising over $1,000,000 for child abuse programs in New York, New Jersey, and Connecticut. This year's event will feature an elegant cocktail reception, in lieu of a seated dinner.

Event co-chairs include Dean C. Backer, managing director of Goldman Sachs and Richard H. Baker, president of the Managed Funds Association.