Have you wondered why the hedge fund industry left it to one HF manager to battle the Securities and Exchange Commission alone? Phil Goldstein does. “Where were all the other guys?” the partner at Saddle Brook, N.J.-based Bulldog Investors asks rhetorically in a Financial Times interview. Rhetorically, because he knew the answer: Goldstein told the FT that he approached several big HFs, and even the Managed Funds Association (which opposed the rule) to join in the challenge, but no one came to his aide. Instead, his firm put up the $300,000 to get the lawsuit going – though one hedge fund manager, according to the FT, did kick in $10,000. What offended Goldstein the most is that when former SEC Chairman William Donaldson “got up and said, when he was proposing this plan, he hadn’t got much pushback from funds that were doing well…. It should have offended everyone.” Goldstein added, “We do well, and we have done it ethically. If all these other [hedge fund] guys weren’t such wimps, they would have got up and said something.”