Arbitrage gambles and wins with ageing stars

01:19, Nov 08 2012
Neil young
MONEY MATTERS: Susan Sarandon and Richard Gere in Arbritrage.

In a world where there are a zillion film reviews at the fingertips of anyone with a computer or a cell phone, it can pay to get a second opinion.

I was reminded of that fact this week when I saw the new Richard Gere thriller Arbitrage. Somewhere along the line I spotted a less than flattering review of the film, the two-star rating lodged in my brain and I found myself feeling less than enthusiastic about seeing it.

One of the reasons it stuck was that from a distance Arbitrage looks an unlikely winner. A solid actor despite his limited range, Gere hasn’t made a decent film for ages and it’s been a long time between drinks for costars Susan Sarandon and Tim Roth as well. Then there was the fact that its writer and director, Nicholas Jarecki, hadn’t made a feature film before and the poster is rubbish.

But guess what? Arbitrage is really good.

According to, an arbitrage is when someone ‘‘buys securities on one market for immediate resale on another in order to profit from a price discrepancy’’. The title’s somewhat loose relationship with the film is that it concerns a Wall St hotshot named Robert Miller, played by Gere, whose ethics both in his financial dealings and his personal life leave little to be desired.

Duplicitous, corrupt, superior and with a sense of entitlement the size of an aircraft carrier, Miller is the sort of fat cat that got the world into the financial mess it’s in today.


Arbitrage opens with Miller about to seal the deal on the sale of his company. He has cooked the books and is desperate to get the business sold before anyone notices and he ends up in jail for fraud.

Complicating matters is the fact that his daughter, Brooke, the company’s chief financial officer, is starting to take a keen interest in some dubious numbers, and his mistress, Julia, played by former French supermodel Laetitia Casta, is getting sick of playing second fiddle to his wife, Ellen, played by Susan Sarandon.
Throw in a disastrous car crash and life starts getting rather tricky for Miller.

For a guy who is a committed Buddhist and a bit of a peacenik, Gere has always been good at playing deeply materialistic, morally ambiguous men. Miller is one of his best roles to date and Gere sinks his teeth into the character with relish.

It’s a top class performance from the 63 year old. He imbues Miller with both charm and arrogance but leavens the mix with enough internal conflict to make him interesting and even a little bit sympathetic.

Sarandon and Roth do good work, and particularly impressive are newcomers Brit Marling as Brooke and Nate Parker as Jimmy, a young man who Miller enlists to help him get out a jam.

Jarecki marks himself as a film-maker to watch with a smart yet accessible screenplay, and confident albeit unspectacular work behind the camera.

NB: At the Nelson screening that I attended the soundtrack was a nanosecond behind what was happening on screen. The image also struck me as a little darker than it should have been. I’ve informed management and hopefully by the time you read this both issues will have been sorted.

Bottom line: Much better than you'd think.