Tuesday, 3 March 2015
Last updated 4 hours ago
Sep 24 2010 | 11:12am ET
It certainly wasn’t James Chanos’ most profitable day, but even the Kynikos Associates chief is willing to make sacrifices to make the silver screen.
The hedge fund manager told the New York Post that he earned $1.24 for his cameo appearance as himself in “Wall Street: Money Never Sleeps.” Chanos is one of at least two hedgies making an appearance in the sequel to 1987’s classic “Wall Street”: Superfund founder Christian Baha also has a small role.
Asked what he’d do with the Hollywood bounty, Chanos quipped, “acting lessons, obviously.”
But Chanos’ few seconds on screen wasn’t his only contribution to Oliver Stone’s latest film, which features Michael Douglas reprising the legendary role of Gordon Gekko. Along with Nouriel Roubini, Chanos convinced Stone to change the role of the film’s chief villain, played by Josh Brolin, from that of a hedge fund manager.
Brolin plays an investment banking chief, instead.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…