I would also say take the hedge fund because you have not been working for five or six years and probably drained your savings if you had enough for six years.
I just wanted to add one thing more that above it was said that experienced pilots can't land a job, and I see the new freebies also can't land a job because of the different odds and ends that I'm sure you know of, then I'm wondering who is really get all the jobs in this profession. if you are a newbee, they tell you you don't have experience, blah blah... and then when you are experienced they don't need you either becuase you are too experienced and they need money, then are there really that many guys who are paying to fly?