Gere To Play Hedge Fund Manager In 'Arbitrage' Movie

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.

Richard GereRichard GereIt 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.

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