Hedge fund clients are mainly institutionals, not individuals, you obviously won't find "Oklahoma Pension Fund's Mansion". Also, most hedge funds have either a

Hedge fund clients are mainly institutionals, not individuals, you obviously won't find "Oklahoma Pension Fund's Mansion". Also, most hedge funds have either a "pass through costs /performance fees", or "management/performance fees" (generally at 2/20%). Meaning they earn money on the absolute returns they make for their clients. But if you want to believe that the world is dumb and hedge fund managers earn money through clueless clients, sure. You might also want to checkout the arguments of flat earthers, it's in the same vein.