More Money Than God: Hedge funds and the making of a new elite
Author(s): Sebastian Mallaby
Wealthy, powerful and potentially dangerous, hedge fund moguls have become the It Boys of twenty-first century capitalism, succeeding the leveraged-buyouts barons of the 1980s and the dot-com wizards of the nineties. Their weekend mansions are doffer for "Vanity Fair" photographers; their potential to cause chaos preoccupied authorities even before the recent financial cataclysm. Based on unprecendented access to the industry, including three hundred hours of interveiws and binders of internal documents, "More Money Than God" provides the first authoritative history of hedge funds, telling the inside story of their origins, their explosive battles with central banks and finally their role in the financial crisis of 2007-2008. Hedge funds reward risk-takers, so they tend to attract larger-than-life personalities. Ken Griffin of Citadel started out trading convertible bonds from his dorm room at Harvard; a boy genius made good, the financial version of the entreprenerds who forged tech companies such as Google. And there are more.
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Hugely topical, informative and entertaining, this book should attract wide media attention. An exciting general read for fans of Barbarians at the Gate, The Snowball or Liars' Poker
'The best account ever published of the economics, politics and adrenalin of these amazing firms. It shows why hedge funds dominate the world of finance and why the politicians who rail against them end up making them more powerful' Anatole Kaletsky Praise for The World's Banker: Mallaby's book may well be the most hilarious depiction of a big organization and its controversial boss since Michael Lewis's Liars' Poker Financial Times
Sebastian Mallaby is the Paul Volcker Senior Fellow in International Economics at the Council on Foreign Relations and a Washington Post columnist. He spent thirteen years on The Economist, covering international finance in London and serving as bureau chief in Southern Africa, Japan and Washington. From 1999 to 2007 he was a member of the editorial board of the Washington Post, focusing on globalization and political economy. His previous books are The World's Banker (2004) which was named as an Editor's Choice by the New York Times and After Apartheid (1992), which was a New York Times Notable Book. He lives in Washington with his wife, Zanny Minton Beddoes, the economics editor of The Economist.
General Fields
- :
- : 55652
- : 55652
- : 07 June 2010
- : 234mm X 153mm
- : United Kingdom
- : books
Special Fields
- : Sebastian Mallaby
- : Paperback
- : Export ed
- : 332.645
- : From
- : 496
