Thursday, 23 October 2014
Last updated 13 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...