In January as Herbalife shares hovered around Ackman's professed break even price, he said that he expected Herbalife's stock price to collapse to zero and said it would happen within a year. Several weeks later in mid-March, The Wall Street Journal, reported, "Federal prosecutors and the Federal Bureau of Investigation are probing potential manipulation of Herbalife stock and have interviewed people hired by hedge-fund billionaire William Ackman, who has led a long-running campaign against the nutritional-products company, people familiar with the matter said." If this story proves to be true, it is an indictment of Mr. Ackman -- not Herbalife. In the 2015 KPMG/AIMA/MFA Global Hedge Fund Survey titled " Growing Up: A New Environment for Hedge Funds ," 77% of more than 100 hedge funds "cited increased regulation as the biggest threat to the industry overall; 84% said that their operating costs had increased as a result of compliance obligations."