Do You See What Happens Larry To Market Neutral Funds When SLP Dominates Liquidity Provision?
Not much... In fact a mere 3.11% return YTD, below the 9.4% HFN aggregate average and the 4.7% return YTD. Of course, this excludes those (plural?) who provide liquidity under the NYSE's SLP program $100MM+ trading days YTD. If one added those, the Market Neutral return might easily be pushing 50%.