[jmagaro88]

Hedge funds are not pro bono. People are still doing their jobs, and most funds are not run solely on a percentage of profit basis.

[jgalt212]

true, but the implication is that if fees were lower then returns for investors would be better than treading water. i.e. an actual service is performed rather than a straight wealth transfer

[a_t48]

The investors are welcome to do that work themselves.