Hi all - any color on the new credit team at Polar Asset? Seems like this random Canadian asset management firm hired Marina to build out a credit team. Does anyone have color on what kind of mandate and AUM she is running? What's the color on what happened to her at Citadel and BlueMountain?
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Very high gross strategy without any returns.
Thanks - so do they run market neutral? Hate those strategies in credit
In theory - in reality it’s been very high gross with lots of bid offer and making no money in any markets.
Sorry guys but I am new to this space, would you explaining what “high gross” means and why does a market neutral credit strategy not work well?
For the latter is it due a lack of liquidity (big bid-ask) that makes a market neutral strat hard to execute?
Lots of longs and shorts (heavy use of leverage) which entails paying a lot of bid offer relative to capital base with few real directional bets. It can work, the comment is just on her track record.
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