Hi David,
If there weren't opportunities to comment on the original article and engage in active discussion, I would certainly agree with you. That happens way, way too much in the investment world, but this is different: Ted Seides has engaged actively with the many critics (including myself) who think the progress of "The Bet" is simply additional confirmation that hedge funds have proven to be a poor way to invest, and are likely never (or at least never again) to provide the risk-adjusted returns or diversification benefits that unsuspecting investors have been led to believe they will. And when that conclusion becomes clear to everybody, it will also become clear to everybody that hedge fund fees are unconscionable.
This is hardly the worst article published by CFA Institute, and I definitely applaud the back-and-forth.
--Brad