[jstandard]

I spent my past life at a fund of funds and partially agree.

In general though, hedge funds are more likely to be up to some strange or "non-traditional" activities.

At times, our notes about fund manager visits and due diligence read more like the investment version of National Enquirer. Private investigators. Massive power struggles. Odd characters.

And only partially tongue-in-cheek, there's always https://village-us.albourne.com/village/home who organized the infamous Hedge Stock: https://www.nytimes.com/2006/06/09/business/09hedge.html