... employed. c 01. frm Page 6 Thursday, January 13 , 2005 12 :12 PM ffirs.frm Page x Thursday, January 13 , 2005 1: 45 PM 2 MARKET NEUTRAL STRATEGIES MARKET NEUTRAL STRATEGIES Market neutral investing ... behavior for market neu-tral strategies in mortgage-backed securities. c 01. frm Page 4 Thursday, January 13 , 2005 12 :12 PM Questions and Answers About Market Neutral Investing 11 neutral strategies ... for market neutral strategies. Market neutral strategies have much to offer beyond diversification, however. Forexample, to the extent that they neutralize underlying market risk, market neutral...