Bit of news about Woodford and his partner, nice work if you can get it.
https://news.sky.com/story/13-8m-woodford-dividends-in-year-prior-to-collapse-11903040
Peanuts compared to hedge fund managers though - given the amount of capital they raised...
Unfortunately there are plenty of fund managers out there who aren't really going to add much value beyond just dumping money into a simple tracker. Worse, there are hedge fund types who are either very speculative or rather delusional - especially some of the discretionary types. Worse still there are some who must know that they're just picking up pennies in front of a bulldozer and will blow up at some point.
Plenty of scumbags, idiots out there along with the well intentioned but stupid and the well intentioned cocky/arrogant.