MoreMoneyThanGod_HedgeFundsandtheMakingo.epub

Photograph credits appear on Photo Credits . Library of Congress Cataloging-in-Publication Data Mallaby, Sebastian. More money than god: hedge funds and the making of a new elite / Sebastian Mallaby. p. cm. Includes bibliographical references. ISBN: 1-101-45721-X 1. Hedge funds. 2. Investment advisors. I. Title. HG4530.M249 2010 332.64'524—dc22 2009053253 To my parents, Christopher and Pascale CONTENTS Introduction: The Alpha Game 1. BIG DADDY 2. THE BLOCK TRADER 3. PAUL SAMUELSON’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 ......