Who’s got real alpha?EQUITIESNVDA230.68TSLA355.52AAPL320.82MACROSP5007,716JP22565,263KR2001,087COMMODITIESGOLD4,431CL91.255COPPER6.677FXEUR1.161JPY156.33GBP1.351CRYPTOBTC79,617ETH2,455SOL102.36EVENTClarity Act (H.R.3633) signed…15%Will the Fed increase interest…51%Israel closes its airspace…68%EQUITIESNVDA230.68TSLA355.52AAPL320.82MACROSP5007,716JP22565,263KR2001,087COMMODITIESGOLD4,431CL91.255COPPER6.677FXEUR1.161JPY156.33GBP1.351CRYPTOBTC79,617ETH2,455SOL102.36EVENTClarity Act (H.R.3633) signed…15%Will the Fed increase interest…51%Israel closes its airspace…68%EQUITIESNVDA230.68TSLA355.52AAPL320.82MACROSP5007,716JP22565,263KR2001,087COMMODITIESGOLD4,431CL91.255COPPER6.677FXEUR1.161JPY156.33GBP1.351CRYPTOBTC79,617ETH2,455SOL102.36EVENTClarity Act…15%Will the Fed…51%Israel closes…68%CARRYDELTA NEUTRALSYSTEMATICDISCRETIONARYLONG ONLYLEVERED DIRECTIONALCARRYDELTA NEUTRALSYSTEMATICDISCRETIONARYLONG ONLYLEVERED DIRECTIONALCARRYDELTA NEUTRALSYSTEMATICDISCRETIONARYLONG ONLYLEVERED DIRECTIONALINSTITUTIONSPORTFOLIO MANAGERSANALYSTS#1INSTITUTIONSPORTFOLIO MANAGERSANALYSTS#1INSTITUTIONSPORTFOLIO MANAGERSANALYSTS#1Run it as a team.CIOPMRISKQUANTTRADERANALYSTCIOPMRISKQUANTTRADERANALYSTCIOPMRISKQUANTTRADERANALYSTProve consistency.RELVAL—RETURN—SHARPE—MAX DDJFMAMJJASONDRELVAL—RETURN—SHARPE—MAX DDJFMAMJJASONDRELVAL—RETURN—SHARPE—MAX DDJFMAMJJASONDStart trading