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Yes. Look at Bernie Madoff and what he did.
And just how would they be monitored?
Close monitoring by camera.
You can trade stocks sitting under a tree in Central Park. You planning on following people around all the damn day without knowing whether or not they are doing anything wrong?
Hedge funds have always been at the investors risk.
It is just like throwing 7 followed by 11 at the crap table. More often than not you get snake eyes.
Since I worked very hard for what little I got, slow growth portfolios was the best bet that worked for me.
Just my not-so-humble opinion. B)