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Hedgies Bet Cruise Is Still Top Gun

Oct 1, 2006 12:00 PM, John Churchill


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All of Tom Cruise's wacky antics haven't dried up his star power, or at least that's the bet of some unnamed hedge funds bankrolling him. Since Sumner Redstone's Viacom and the 44-year-old Cruise dissolved their relationship earlier this year, Cruise and partner Paula Wagner have received $100 million from two hedge funds for independent movie ventures. According to BankNet, hedge funds put $4 billion into the movie business this year.


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