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I dunno, the trading tax Sanders is proposing would hurt these firms a lot more than a traditional hedge or mutual fund. Moreover, it's banks that would be hit the hardest, and they have less exposure to beta than even the market neutral buyside guys.





I can assure you with 100 percent certainty that Rentech et al will relatively thrive with the trading tax.

This tax will reduce liquidity perhaps, make the market pricing inefficient (larger spread). This will hurt mutual funds the most by increasing their baseline costs. Which in turn will hurt pension funds, endowments, etc.

RenTech and others will thrive in the midst of those inefficiencies.




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