[smabie]

Not really appropriate to compare a market neutral product's Sharpe with the S&P.

That said, Bridgewater hasn't done that great for awhile.

[Galanwe]

> Not really appropriate to compare a market neutral product's Sharpe with the S&P

Why?

I tend to find it okay to compare Sharpes so long that the returns exhibit a somewhat close distribution.

I would expect both the S&P and an equity market neutral L/S to have normally distributed returns.