Billions are generated for investors every year by hedge funds.
Obviously there are not many Robert Mercers making money by running hedge funds, but there are countless millionaires and billionaires exacerbating their wealth through hedge funds.
I'm not talking about investing jobs! Investment firms invest other people's money. I'm talking about the profit those other people realize, not the profit the firm or its employees realize through fees and investment of its own capital.
Obviously there are not many Robert Mercers making money by running hedge funds, but there are countless millionaires and billionaires exacerbating their wealth through hedge funds.