Who’s got real alpha?EQUITIESMACROCOMMODITIESFXCRYPTOEVENTEQUITIESMACROCOMMODITIESFXCRYPTOEVENTCARRYDELTA NEUTRALSYSTEMATICDISCRETIONARYLONG ONLYLEVERED DIRECTIONALCARRYDELTA NEUTRALSYSTEMATICDISCRETIONARYLONG ONLYLEVERED DIRECTIONALINSTITUTIONSPORTFOLIO MANAGERSANALYSTS#1INSTITUTIONSPORTFOLIO MANAGERSANALYSTS#1Run it as a team.CIOPMRISKQUANTTRADERANALYSTCIOPMRISKQUANTTRADERANALYSTProve consistency.RELVAL—RETURN—SHARPE—MAX DDJFMAMJJASONDRELVAL—RETURN—SHARPE—MAX DDJFMAMJJASONDStart trading