Thursday, 18 September 2014
Last updated 1 hour ago
Nov 4 2010 | 7:58am ET
The hedge fund industry was bumped from a starring role—albeit a villainous one—in this year’s sequel to “Wall Street” but will make it to the silver screen next year in the form of Al Pacino.
The Academy Award-winner will star in “Arbitrage” as a hedge fund manager desperate to sell his firm to a major bank before his fraud can be uncovered, according to Variety. But things go wrong in “unexpected, bloody” ways, the Hollywood paper of record reports, forcing Pacino’s character to seek help from an unlikely source.
Starring opposite Pacino will be Eva Green and Susan Sarandon.
Filming of the movie, which is written and directed by Nicholas Jarecki, will begin in New York in the spring. It will be Jarecki’s first full-length non-documentary film.
A hedge fund manager was set to play a key role in “Wall Street: Money Never Sleeps” as the evil boss of the legendary Gordon Gekko’s would-be son-in-law. But the role, played by Josh Brolin, was changed by director Oliver stone at the urging of Kynikos Associates head James Chanos and economist Nouriel Roubini.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.