$ALTMARKETS - Smaller, obscure markets like California carbon emissions, oats, and sunflower seeds offer valuable diversification and trend opportunities that larger CTAs can't access due to capacity constraints.
$SPREADS - Calendar and product spreads offer fundamentally different trend opportunities than outright futures, with independent trends at different points in time that add valuable diversification.
$DIVERSIFICATION - Systematic diversification across many uncorrelated markets and spreads is essentially free alpha that improves risk-adjusted returns without additional computational cost.
Bearish:
$MGMTFEES - Management fees in hedge funds are fundamentally misaligned with investor interests and should be eliminated in favor of performance-only compensation.
$PREDMARKETS - Prediction markets have fundamental structural flaws including manipulation risk, murky resolution processes, and adverse risk profiles that make them unsuitable for systematic trading.