Disclaimer: I am a hedge fund manager. Here's the definition of a hedge fund: an investment firm with extremely high fees whose investment strategy probably fa

Disclaimer: I am a hedge fund manager. Here's the definition of a hedge fund: an investment firm with extremely high fees whose investment strategy probably falls outside the scope of the vast majority of accessible investment funds. Most criticisms of hedge funds are so weak that they border on straw man arguments. There are fair criticisms for sure, but mostly those complaints are centered around the fees being too high. Asking about their "social function" is a leading question and shows that the author isn't looking at this very objectively.