Ultimate Fighting woos Wall Street with blood, guts and yield

on , from stuff.co.nz

A cool $US500 million (NZ$696 million) of high-risk loans went up for sale and, in a blink, more than $US2 billion of buy orders came pouring in. The hot property? None other than Ultimate Fighting Championship, that global bastion of bloody, bone-breaking cage-fighting. UFC has transformed a sport once derided as human cockfighting into a worldwide phenomenon broadcast in more than 100 countries. But now a powerful financial force - record-low yields - has turned the promotion company into a monument to investors' mad hunt for something - anything - that pays attractive interest rates. Next to plain-old US Treasuries, UFC's ... (Read the full story)