Sure, that simplifies things and is how the law treats it. But there is still complexity. You have some cases where a single true owner invested via a family of

Sure, that simplifies things and is how the law treats it. But there is still complexity. You have some cases where a single true owner invested via a family office, via different trusts, via feeder funds all at different times with different amounts taken out and different profit and losses. Sometime the profits from one venue are compensation to another. In these scenarios, you can treat them all as separate cases, or you can pull them together and negotiate an umbrella settlement. My understanding is that this has been done when possible, including with some hedge-funds who have purchased a variety of positions and even feeder funds themselves.