More money than god
Subtitle: hedge funds and the making of a new elite
By: Sebastian Mallaby.
Publisher: Penguin Press
Published: 2010
Place of publication: New York
Language: eng
Number of pages: 482
ISBN-13: 9781594202551
Subjects: Hedge funds; Investment advisors
Description: Based on unprecedented access to the industry, including three hundred hours of interviews, economist/journalist Sebastian Mallaby tells the inside story of hedge funds, from their origins in the 1960s and 1970s to their role in the financial crisis of 2007-2009. Wealthy, powerful, and potentially dangerous, hedge fund moguls have become the It Boys of 21st century capitalism. Ken Griffin started out trading convertible bonds from his Harvard dorm room; Julian Robertson staffed his hedge fund with college athletes half his age; Paul Tudor Jones posed for a magazine photograph next to a killer shark; Michael Steinhardt was capable of reducing underlings to sobs. Finance professors have long argued that beating the market is impossible, yet drawing on insights from physics, economics, and psychology, these titans have cracked the market's mysteries and gone on to earn fortunes. Their innovation has transformed the world, spawning new markets in exotic financial instruments and rewriting the rules of capitalism.--From publisher description.

A window on tomorrow's financial system, this authoritative history of hedge funds spans their origins in the 1960s to their role in the financial crisis of 2007-2009.
Notes: Includes bibliographical references and index.
Table of contents: title: Big daddy; title: The block trader; title: Paul Samuelson's secret; title: The alchemist; title: Top cat; title: Rock and roll cowboy; title: White Wednesday; title: Hurricane Greenspan; title: Soros versus Soros; title: The enemy is us; title: The dot-com double; title: The Yale men; title: The code breakers; title: Premonitions of a crisis; title: Riding the storm; title: How could they do this; title: Conclusion : scarier than what?