More Money Than God
Hedge Funds and the Making of a New Elite
By Sebastian Mallaby
(Penguin Books, Paperback, 9780143119418, 512pp.)
Publication Date: May 31, 2011
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"Splendid...the definitive history of the hedge fund, a compelling narrative full of larger-than-life characters and dramatic tales." -- The Washington Post
Wealthy, powerful, and potentially dangerous, hedge fund moguls have become the It Boys of twenty-first- century capitalism. Beating the market was long thought to be impossible, but hedge funds cracked its mysteries and made fortunes in the process. Drawing on his unprecedented access to the industry, esteemed financial writer Sebastian Mallaby 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.
Sebastian Mallaby has been a Washington Post columnist since 1999. From 1986 to 1999, he was on the staff of The Economist, serving in Zimbabwe, London, and Japan, and as the magazine's Washington bureau chief. He spent 2003 as a Fellow at the Council on Foreign Relations and has written for Foreign Affairs, Foreign Policy, The New York Times, and The New Republic, among others.
Sebastian Mallaby's book is an expert primer on hedge funds -- the "Ferraris of finance" -- and a detailed portrait of Wall Street's daredevils. Reviewer Susan Jane Gilman says More Money Than God is illuminating ... and infuriating. More at NPR.org
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