More Money Than God
More Money Than God is the first authoritative history of hedge funds—from their rebel beginnings to their role in defining the future of finance. Wealthy, powerful, and potentially dangerous, hedge fund moguls have become the It Boys of 21st-century capitalism. This book tells the inside story of the hedge funds, from their origins in the 1960s to their role in the financial crisis of 2007 to 2009, and explains why understanding the history of hedge funds is key to predicting the future of finance.
Praise for More Money Than God
“Sebastian Mallaby takes us into the secretive world of hedge funds and the result is a wonderful story and an education in finance. The book is full of colorful characters playing high stakes' games. Throughout, with his customary intelligence, Mallaby helps us understand this important transformation of the financial industry.”
— Fareed Zakaria, author of The Post American World
“When Alfred Winslow Jones started the first hedge fund, he had no idea where it would lead. Sebastian Mallaby, who must be the keenest student of hedge funds anywhere, now does-and he shares it with you in this crackling good read.”
— Dr. Alan Blinder, Professor of Economics, Princeton University
“A fascinating history. Mallaby combines vivid descriptions of key personalities and episodes with thoughtful discussion of the sources of advantage for different investment styles in different periods of financial history. I enthusiastically recommend this book to colleagues and students in academia and asset management.”
— John Campbell, Chairman of the Department of Economics, Harvard University