OK, your comments may apply better to managed funds, especially those under not so great management.
The availibility of stupid money in large quantities -- what does it do? Of course it attracts the sleaziest, the most dishonest, the schemer and the thief.
And worse -- it takes those who could work and be productive but who are drawn by the too easy "wealth", or in the worst case, as it ruins really genius and gifted people for they are embarrassed by not being as "wealthy" as their true and accurate understandings of real talent should make them -- and by fear of embarassment of being not wealthy they chase the easy money -- and by just like chasing easy women, chasing easy money ruins many a good man.