CHARLIE ROSE: In 1949, Alfred Winslow Jones scraped together $100,000
to set up the first hedge fund. Sixty years later in 2009, the top 25
hedge fund managers earned a collective $25.3 billion.
Sebastian Mallaby’s new book called "More Money than God" argues the
future of finance lies in the history of hedge funds. Mallaby is a senior
fellow for International Economics and he’s a columnist in for the
"Washington Post." I’m pleased to have him here at this table. Welcome.
SEBASTIAN MALLABY: Great to be with you.
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