Career hedge fund trader here: this is nonsense. Of course HFs are tax optimized but saying they are not investment vehicles doesn’t even align with your view.

Career hedge fund trader here: this is nonsense. Of course HFs are tax optimized but saying they are not investment vehicles doesn’t even align with your view. If they aren’t true investment vehicles which generate profits, then there is nothing to protect from taxes… Your premise is based on funds making a lot of money, which they want to shield from taxes. How do you think they make money? (Caveat: most HFs underperform, but that’s a different issue entirely)