More Money Than God: Hedge Funds and the Making of a New Elite [Paperback]

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.

Read Sebastian Mallaby's new book, The Man Who Knew: The Life and Times of Alan Greenspan. [T]he bright light shed byMore Money Than Godis particularly welcome. Mr. Mallaby... brings a keen sense of financial theory to his subject and a vivid narrative style. —The Wall Street Journal

[S]plendid ... the definitive history of the hedge fund history, a compelling narrative full of larger-than-life characters and dramatic tales of their financial triumphs and reversals... Mallaby weaves into his narrative just the right amount of economic theory and market history, and he has a wonderful knack for explaining complex trading strategies in simple and elegant prose. —The Washington Post

[A] splendid account of the ups and downs of an industry in which few of the twenty-something hedge-fund wannabes know their history. They, and meddling politicians, should read this book before they are condemned to repeat it. —The Financial Times

Mallaby's book is informative and entertaining. —Newsweek

More Money Than Godis an expert primer on America's most obscenely lucrative investment tool... [Mallaby is] incisive, informative, and as good a financial writer as he is a storyteller. —