Updated view on value of hedge funds post-pandemic?

Due to the ~10+ year bull run pre-pandemic, many cited the headwinds of the hedge fund industry given difficulties to yield strong returns. Although some firms naturally did not do well during the pandemic, I read a few articles citing LPs having a reinvigorated interest in HFs as their value has been showcased during the pandemic. 

I would be curious if others in the community still believe hedge funds is a dying industry or if there's a world hedge funds come back given pandemic performance, shift of trading from fundamental value to supply / demand with robinhood traders, etc.