Are market-neutral hedge funds (Point72, Citadel) the place to be for 2022 and beyond?

It's starting to look like this year will be the start of a long-term trend of low equity returns. With the expected returns of the S&P slowing down (I think consensus for 2023-2030 is 4% annually), it follows that high beta strategies such as private equity and the tech factor investing used by Tiger Cubs have been/will be hit the hardest compared to their performance since the Financial Crisis.

Market-neutral is what LPs want now. We're already seeing this in the last batch of 13F filings: record inflows into multi-manager hedge funds + relative outperformance to the S&P, record outflows out of Tiger Cubs + average Tiger Cub return in past 4 quarters is around negative 30-40%.

Anyone else seeing the narrative starting to change?