Fat chance of that! Not until those funds are driven to death by successful, innovative funds that provide better returns because of better incentives. Even then, there's so much capital out there that the old style funds would still exist.
If there's one thing I learned it's that to drive people to better results you need to align their interests with yours as perfectly as possible.
And I find it astonishing that there is an entire industry whose interests are so far removed from that of their clients. This kind of inefficiency just screams for a disruptive player.
