unpersuasive. You go to the casino and sit down at the poker table, some of them are going to be pros or very skilled people who will try to manipulate you. Is

unpersuasive. You go to the casino and sit down at the poker table, some of them are going to be pros or very skilled people who will try to manipulate you. Is the game rigged against you? As much as they can within the rules of the game. Second, on average, HFs recently have little performance edge. They had an edge during the dot-com burst and earlier, when they were smaller. Lackluster returns and frequent blowups belie the notion they have the inside track. A few of the hedge fund guys are legitimately brilliant, with a consistent edge. A few are bad eggs and push the envelope, e.g. Galleon. A few have an inside track, e.g. HFT guys who are collocated and see everything a split second before everyone else. Most HFs have little or no sustainable edge, and just take big fees from gullible people until they blow up. If you don't think you can play against these guys, just invest in bond and stock index funds and ETFs. You won't do much worse, and you won't be risking blowups. There's been a lot of looting the last few years, blatant stealing of customer funds at MF Global, bailouts, insider trading by Congressmen, CEO pay, private equity extraction, would focus on those guys. Mostly hedge funds are a convenient target. If you want to target something, target specific practices that are a problem, not specific actors. (the only real scandal is the ultralow tax rate paid by HF managers on giant earnings - thank fully-paid-for Paul Ryan and Eric Cantor)