More Money Than God-Hedge Funds And The Making Of

Hedge funds as an investment model have been around for more than half a century. However, interest in this form of investment has gained more attention in recent years, especially, after the financial crisis of 2008-2009. Hedge fund investors emerged unscathed from this crisis. In fact, a lot of them grew wealthier during this period. This has resulted in a lot of attention being focused on them in recent times. More Money Than God: Hedge Funds And The Making Of The New Elite traces the history of this industry. The author examines the concept of hedge funds, their evolution, the investment tools, and the personalities who dominated this industry. The author profiles many interesting hedge fund investors and their controversial personalities. One of them, Michael Steinhardt, is said to be cold and ruthless. When one of his employees, pushed to the limit, expressed a desire to kill himself, the boss asked if he could witness the event. There are others like the brilliant mathematician and code breaker Jim Simons, and Ken Griffin, who traded in convertible bonds while at Harvard. The author also argues that hedge funds are the future of financial markets, probably their potential savior. Through many illustrative stories, he highlights how hedge fund investors have managed to spot opportunities and have risked their fortunes on their beliefs. More Money Than God: Hedge Funds And The Making Of The New Elite is a thorough analysis of hedge funds, and the people who defined and redefined this investment model and made fortunes out of it. It is an interesting read that presents an alternative view, one in support of hedge funds, and argues for the industry to stay free of regulations.