RT Flood (@ThinkingUSD)If I was a really sharp unnamed trading firm>Momentum trading becomes increasingly profitable, and a large percentage of gross book>These names are extremely illiquid, and liquidating your holdings would kill the market>See fund that is extremely concentrated in single names>LP into said fund, knowing the size of the raise and forecastable market impact in single name equities, as well as risk limits (VaR, Vol, DD limit)>Unwind illiquid single name momentum book into the fresh new buy ...