Rich as an Enemy: Hedge Funds and the Rise of a New Spirit is an authoritative history of hedge funds. The author of "The Rich as Enemy: Hedge Funds and the Rise of a New Spirit" conducted an in-depth investigation into the industry, including 300 hours of interviews and numerous internal documents. On this basis, he told a little-known story about hedge funds: from Alfred, the originator of the industry, to many other lesser-known but equally influential figures in this field, from the 1987 stock market crash to the internet bubble, and then to mortgage securities.
In this process, hedge funds gain insight into the mystery of the market and earn huge wealth. Their innovations have changed the world, bred new markets for special financial instruments and rewritten the rules of capitalism.