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Will Smith and The Pursuit of Hedge Fund Happiness

WSJ – Who is activist investor Dan Loeb’s favorite action star? Probably not Will Smith, whose latest movie, After Earth, earned just $27 million at the box office in its opening weekend.

That’s a disappointing showing for the Sony Pictures Entertainment offering. The movie cost almost $150 million to make and was supposed to be Sony’s summer blockbuster. But it placed behind the sixth Fast & Furious movie—on its second weekend—and cops and magicians flick Now You See Me.

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