MoneyWeek book review: Inside the House of Money

MoneyWeek book review: Inside the House of Money. As an adviser to global hedge funds, Steven Drobney enjoys rare access to this secretive world. His new book shines a spotlight on it

As an adviser to global hedge funds, Steven Drobney enjoys rare access to this secretive world. His new book shines a spotlight on it

Looked at in a certain light, hedge funds are more like religious cults than financial institutions. Like cults, they claim to know arcane secrets that will deliver immense payoffs for those in the know. Like cults, they're reluctant to expose more than the vaguest details of these for public scrutiny. And, like cults, they demand a good deal of your money for letting you into the circle of initiates. On balance, it's probably easier to write books that shed light on Scientology than on this opaque, secretive world.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Cris Sholto Heaton

Cris Sholto Heaton is an investment analyst and writer who has been contributing to MoneyWeek since 2006 and was managing editor of the magazine between 2016 and 2018. He is especially interested in international investing, believing many investors still focus too much on their home markets and that it pays to take advantage of all the opportunities the world offers. He often writes about Asian equities, international income and global asset allocation.

Cris began his career in financial services consultancy at PwC and Lane Clark & Peacock, before an abrupt change of direction into oil, gas and energy at Petroleum Economist and Platts and subsequently into investment research and writing. In addition to his articles for MoneyWeek, he also works with a number of asset managers, consultancies and financial information providers.

He holds the Chartered Financial Analyst designation and the Investment Management Certificate, as well as degrees in finance and mathematics. He has also studied acting, film-making and photography, and strongly suspects that an awareness of what makes a compelling story is just as important for understanding markets as any amount of qualifications.