Wednesday, 17 September 2014
Last updated 11 hours ago
Feb 9 2011 | 10:47am ET
Those waiting for Al Pacino's depiction of a hedge fund manager under siege will have to keep waiting—or settle for Richard Gere.
The "Pretty Woman" star is poised to replace Pacino in the movie "Arbitrage," about a hedge fund manager desperate to sell his firm to a major bank before his fraud can be uncovered.
It is unclear why Pacino dropped out of the project, which also features Susan Sarandon and Eva Green.
The film is set to begin shooting in New York in April.
Arbitrage is Hollywood's second go around at an evil hedge fund manager. The first, "Wall Street: Money Never Sleeps," was short-circuited by hedge fund manager James Chanos and economist Nouriel Roubini, who convinced director Oliver Stone to change the chief villain from a hedge fund manager to an investment banking executive.
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.