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.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…