More Money Than God: Hedge Funds and the Making of a New Elite (2010) is a financial book by Sebastian Mallaby. 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 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.
Ch 1 Big Daddy: A. W. Jones, Hedge fund
Ch 2 The Block Trader: Michael Steinhardt, Steinhardt, Fine, Berkowitz & Co., Block trade, Monetary policy
Ch 3 Paul Samuelson's Secret: Commodities Corporation, Paul Samuelson, Bruce Kovner (Caxton Corporation), Trend trading, Automated trading system
Ch 4 The Alchemist: George Soros, Quantum Fund, Reflexivity, Jim Rogers
Ch 5 Top Cat: Julian Robertson, Tiger Management
Ch 6 Rock-and-Roll Cowboy: Paul Tudor Jones II
Ch 7 White Wednesday: Black Wednesday, Stanley Druckenmiller & George Sorros
Ch 8 Hurricane Greenspan: Shadow banking system, Bond market crisis of 1994, Stanley Druckenmiller & George Sorros
Ch 9 Soros vs Soros: 1997 Asian financial crisis, 1998 Russian financial crisis, Stanley Druckenmiller & George Sorros
Ch 10 The Enemy Is Us: Long-Term Capital Management, John Meriwether
Ch 11 The Dot-Com Double: Dot-com bubble, Tiger Management & Quantum Fund
Ch 12 The Yale Men: David Swensen, Tom Steyer, Event-driven investing
Ch 13 The Code Breakers: Renaissance Technologies, James Simons, David E. Shaw
Ch 14 Premonitions of a Crisis: Amaranth Advisors, Brian Hunter
Ch 15 Riding the Storm: John Paulson, Subprime mortgage crisis
Ch 16 "How Could They Do This": Financial crisis (2007--present)
