Alternative Mutual Funds = Uber?

Are liquid alternatives the hedge fund equivalent of Uber? Some seem to think so… I can see some logic in this analogy. As the universe of quality managers expands within the mutual fund space there will be pressure on traditional hedge funds to prove their worth by delivering better returns in exchange for their higher fees and cumbersome structure. Uber is all about delivering competitive/superior service with more convenience and a better cost structure; alternative mutual funds are really attempting to provide the same, hopefully without getting banned in Austin!