Having worked at a hedge fund, most "skilled" investors aren't. I would just do what you've suggested and park it in a diversified portfolio of index funds even

Having worked at a hedge fund, most "skilled" investors aren't. I would just do what you've suggested and park it in a diversified portfolio of index funds even if I had all that money. I've seen some atrocious usage of investor money at hedge funds. It mostly goes toward stoking the ego of the partners.