News in brief: Hedgies clipped as stocks grow faster, Intandem puts the focus on 20 films

p3 clint sqaure fri edition 31.8 Actor-director Clint Eastwood speaks to the audience at the Tampa Bay Times Forum in Tampa, Florida, on August 30, 2012 on the last day of the Republican National Convention (RNC). The RNC culminates today with the formal nomination of Mitt Romney and Paul Ryan as the GOP presidential and vice-presidential candidates in the US presidential election. AFP PHOTO Stan HONDASTAN HONDA/AFP/GettyImages

23 December 2013

The hedge fund “masters of the universe” were left trailing by soaring stock markets this year, according to the latest figures from Hedge Fund Research.

So far this year, the average hedge fund is up 8.2% — the best since 2010 but well behind a 21% rise in global stocks. Hedge funds have returned 39.6% since 2009, but a fund tracking global stocks would have risen 75%.

Intandem puts the focus on 20 films

London-listed film group Intandem today said it has 20 projects in its pipeline, including a follow-up to Clint Eastwood’s 1978 hit Any Which Way But Loose.

The company has made £104,000 in revenues since July 1, and eight films in its portfolio are fully funded. Boss Robert Mitchell said Intandem had also benefited from the American Film Market, an annual industry event where it showcased new films.