Anchorage, Highland and Other Hedge Funds Await MGM’s IPO

Managers are hoping the Hollywood studio’s triple-digit returns will bring a happy ending to its bankruptcy drama.

Hollywood studio Metro-Goldwyn-Mayer has been keeping hedge fund managers on the edge of their seats with a big coming attraction: an initial public offering. New York–based Anchorage Capital Group is MGM’s largest shareholder, with a 30 percent stake. Also awaiting the IPO are Highland Capital Management in Dallas and New York–based Solus Alternative Asset Management and Davidson Kempner Capital Management.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.

Related