Hedge funds are among the most opaque, poorly managed investment vehicles available. So-called evidence that these things proved their worth in the 2008 financial crisis ignores what would have happened if a few more prime brokers had gone under. Prime brokerages provide credit to hedge funds. Those funds' leveraged bets on obscure, illiquid instruments would have collapsed without the bailouts that backstopped the largest investment banks.
England is further from insolvency than than the Continent. Its troubles are no more than a year or two behind Europe's so there is still a small window during which British institutions can be foolish with money.
Nota bene: Alfidi Capital is not a hedge fund. I have never invested in hedge funds and never will.