What would have to happen for the secular Equity HF decline to reverse?

Based on opinions expressed by people in this forum (and supported by what I have seen myself), the actively managed Long / Short Equity HF industry—as well as other HF sectors—is in a secular decline.

(Fees are compressing as money is being pulled out, regulation/compliance keeps increasing, comp is less attractive, etc.... not reiterating everything here.)

Do you think there's anything that could reverse this trend, and what would it be?

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