More Money Than God: Hedge Funds and the Making of a New Elite by Sebastian Mallaby

more money than god


Considered by many as the magnum opus of the hedge funds industry and its beginnings, author Sebastian Mallaby’s ‘More Money than God: Hedge Funds and the Making of a New Elite’ separates itself from the rest of the other hedge fund-related books. As others would either vilify the industry for exclusivity shrouded in mystery or commend it for the uncanny good fortunes, its insiders acquire, ‘More Money than God’ does neither and uses in its stead, logical reasoning, and refreshing perspectives to do the talking. Author Sebastion Mallaby has managed to capture and document the historical evolution of the hedge fund industry coupled with the writing of it in a thorough, well-balanced presentation that can be viewed for the industry insider or the curious folk.

About the Author

Sebastian Christopher Peter Mallaby (or widely known as Sebastian Mallaby) is currently the Paul Volcker Senior Fellow for International Economics at the Council on Foreign Relations. He is best known for his published works such as the ‘The World’s Banker’ in 2004 and ‘The Man Who Knew’ in 2016.  Besides, he is also a columnist at the Washington Post. He has spent over a decade covering international finances for The Economist as bureau chief in Washington, Japan, and southern Africa.   

Table of Contents

Introduction: The Alpha Game

  1. Big Daddy
  2. The Block Trader
  3. Paul Samuel’s Secret
  4. The Alchemist
  5. Top Cat
  6. Rock and Roll Cowboy
  7. White Wednesday
  8. Hurricane Greenspan
  9. Soros versus Soros
  10. The Enemy is Us
  11. The Dot-Com Double
  12. The Yale Men
  13. The Code Breakers
  14. Premonitions of a Crisis
  15. Riding the Storm
  16. “How Could They Do This?”
  • Conclusion: Scarier than what?
    • Acknowledgments
    • Appendix I: Do the Tiger Funds Generate Alpha?
    • Appendix II: Performance of the Pioneers
    • Notes
    • Index
    • Photo Credits