Taxes mess up the endowment modelInstitutional managers are always surprised by the complexity of private wealthBrent SullivanSep 12, 2025∙ Paid54ShareWhat I’m reading…Tax managementAperio: What Would Yale Do If It Were Taxable?AQR: The Impact of Liquidation Taxes on the Lifecycle Benefits of Tax-Aware Long-Short StrategiesParametric: Active Tax Loss Harvesting in Fixed Income: Checking In at MidyearBlackRock/Aperio: Long/short extensions diversify concentrated stock tax-neutrallyDimensional: Another …Continue reading this post for free, courtesy of Brent Sullivan.Claim my free postOr purchase a paid subscription.
