Sebastian Mallaby @ CFR on Hedge Funds


Sebastian Mallaby’s More Money Than God: Hedge Funds and the Making of a New Elite (New York: The Penguin Press, 2010) is an informative history and defence of hedge funds as an alternative investment vehicle. Mallaby’s 2010 talk at the Council on Foreign Relations captures the book’s major talking points and illustrates how policymakers talk to each-other. Author Chrystia Freeland handles the Q&A giving an early glimpse of themes from her book Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else (New York: Penguin Press, 2013). The Mallaby-Freeland exchange suggests a possible invisible college or citation network around 1% socio-economic elites. This work informs post-PhD research into the possible strategic subcultures of specific hedge funds and hedge fund managers.