More Money Than God

More Money Than God

Hardcover
Author	Sebastian Mallaby
Country	United States
Language	English
Subject	Finance, Hedge fund, Asset management
Publisher	Penguin Press
Publication date	June 10, 2010 (2010-06-10)
Media type	Print (hardback)
Pages	496
ISBN

More Money Than God: Hedge Funds and the Making of a New Elite (2010) is a financial book by Sebastian Mallaby published by Penguin Press. Mallaby's work has been published in the Financial Times, Washington Post, New York Times, Wall Street Journal, and the Atlantic Monthly as columnist, editor and editorial board member. He is a senior fellow for international economics at the Council on Foreign Relations (CFR). It is a history of the hedge fund industry in the United States looking at the people, institutions, investment tools and concepts of hedge funds. It claims to be the "first authoritative history of the hedge fund industry." It is written for a general audience and originally published by Penguin Press. It was nominated for the 2010 Financial Times and Goldman Sachs Business Book of the Year Award and was one the Wall Street Journal's 10-Best Books of 2010. The Journal said it was "The fullest account we have so far of a too-little-understood business that changed the shape of finance and no doubt will continue to do so."

In a review in the New York Times, the book was called a "smart history of the hedge fund business" that explains "how finance’s richest moguls made their loot," and "argues that the obsessive, charismatic oddballs of the hedge fund world are Wall Street’s future — and possibly its salvation."

In each chapter, Mallaby takes a narrative focus on one individual or company that played an important role in the history of hedge funds. Mallaby then weaves in other people, ideas or companies related to the star of the chapter. The following are some of the major people, institutions and concepts on a per chapter basis. The first in each list is the central character of that chapter.