More Money Than God: Hedge Funds and the Making of a New Elite

Monday, June 21, 2010

CFR's Sebastian Mallaby argues that hedge funds are an important part of the global economy because they help regulate markets, but are small enough to fail.

Explore More on Financial Markets

International Organizations

What Is the IMF?
The International Monetary Fund, both criticized and lauded for its efforts to promote financial stability, continues to find itself at the forefront of global economic crisis management.

Backgrounder by CFR.org Editors December 8, 2023

International Organizations

The World Bank Group’s Role in Global Development
Since its founding in 1944, the World Bank has evolved from a lender focused on European reconstruction to the preeminent international institution for economic development and poverty reduction.

Backgrounder by Jonathan Masters, Noah Berman and Andrew Chatzky October 12, 2023

United States

What Is the Dodd-Frank Act?
The Dodd-Frank Act is one of the most significant U.S. regulatory reforms since the Great Depression. The collapse of Silicon Valley Bank has rekindled the debate over banking regulation.

Backgrounder by Noah Berman May 8, 2023 Renewing America

Top Stories on CFR

Japan

How Japan Is Viewing the North Korea-Russia Alliance
Russia’s expanding security ties with North Korea raise weighty foreign policy questions for Japan and complicate the geopolitical dynamics in the Indo-Pacific. 

Expert Brief by Sheila A. Smith June 27, 2024 Asia Program

Israel

Visiting Israel, June 2024
In a visit in June, I found a somber mood and many doubts about the current national leadership.

Blog Post by Elliott Abrams July 1, 2024 Pressure Points

United States

The 2024 Candidates on Foreign Policy

June 26, 2007