It's important to note that for whatever definition of the word "shady" you're using, it is different than Madoff shady: Madoff's returns were fictitious, imagi

It's important to note that for whatever definition of the word "shady" you're using, it is different than Madoff shady: Madoff's returns were fictitious, imagined from a series of hypothetical trades made in hindsight; these HF firms keep their assets in audited third-party broker accounts, so the returns are anything but fictitious. What you are arguing is that because they are successful they must be shady, not that it is impossible to be successful and that therefore the claim must by shady.