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More Money Than God: Hedge Funds And The Making Of A New Eli...
More Money Than God: Hedge Funds And The Making Of A New Elite
 
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Author : Sebastian Mallaby
Publisher : Bloomsbury
ISBN# : 978-1-4088-0734-7
Pages : 482
Price :INR 599
Offer Price:INR 533
 
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Book Description
Hedge-fund managers have emerged as the stars of twenty-first century capitalism. More Money Than God provides the first authoritative history of hedge funds. This is the inside story of their origins in the 1960s and 1970s, their explosive battles with central banks in the 1980s and 1990s, and their role in the financial crisis of 2007–9. A saga of riches and rich egos, this is also a history of discovery. Drawing on insights from mathematics, economics and psychology to crack the mysteries of the market, hedge funds have transformed the world, spawning new markets in exotic financial instruments and rewriting the rules of capitalism. And while major banks, brokers, home lenders, insurers and money market funds failed or were bailed out during the crisis of 2007–9, the hedge-fund industry survived the test, proving that money can be successfully managed without taxpayer safety nets. Anybody pondering fixes to the financial system could start here: the future of finance lies in the history of hedge funds.
 
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