There has been a push by many politicians of both parties in Washington to beat up on Wall Street generally and hedge funds in particular. One need to look no further than Republican presidential candidate Donald Trump who claims hedge fund managers are not paying enough taxes. In a tirade that received accolades from liberals Warren Buffet and Sen. Elizabeth Warren, Trump claimed that the hedge fund operators “are getting away with murder” by alleging “ they’re paying nothing.”

This is nothing new as hedge funds have been a popular target for populist rhetoric. President Obama was quoted in a Bloomberg story titled “Obama Says Hedge Fund Managers Are ‘Society’s Lottery Winners” as saying “if we can’t ask from society’s lottery winners to make that modest investment, then really this conversation is for show.” President Obama wants to increase taxes on hedge fund managers and investors to pay for more federal education funding.