Version 1 should be run as two fully separate leagues:
US equities — Benchmark-Aware League
US equities — Market-Neutral / Alpha League
A participant may enter one league or both. Each entry is independent, scored independently, and tracked through a separate competition account / strategy account. No cross-league netting or combined score should exist.
The target event length is 8 weeks.
Two fully separate leagues. Each entry stands alone.