Could fees be falling?

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Starting November 1, Balyasny Asset Management started charging a set management fee of 2%, saving its investors 2% to 3% as they had previously paid about 5% in expenses. The firm continues pass through compensation for its 10 portfolio managers, but any additional expenses are now being charged against the the 20% performance fee collected by founder Dmitry Balyasny.

Earlier this year, Ritchie Capital Management also replaced its own expense pass-through of as much as 6% or more on many of its funds with set management fees of 1% to 3%.

Is this the beginning of a reversal