Topic

Tax-Aware Long-Short

75 posts

Chart showing managed futures returns uncorrelated with stocks and bonds

Tax-Aware Long-Short

Managed futures are weirdly uncorrelated

Jun 16, 2026

Graphic on securities lending signals for a tax-aware long-short portfolio

Tax-Aware Long-Short

Long/short: what can the securities lending market tell us about short risk?

Jun 14, 2026

Cartoon showing long/short alpha flowing into a direct indexing portfolio like a cash infusion that refreshes basis

Tax-Aware Long-Short

Long/short: alpha acts like a cash infusion

May 27, 2026

Cartoon on learning short-selling mechanics, the foundation behind tax-aware long/short investing

Tax-Aware Long-Short

Where kids are learning how to short stocks

May 21, 2026

Crowded tax-aware long/short strategies facing a simultaneous squeeze from coordinated deleveraging

Tax-Aware Long-Short

Long/short: No one is talking about "coordinated deleveraging"

May 17, 2026

Cartoon meme riffing on taxable investing and coordinated deleveraging in long/short quant strategies

Podcasts & Media

Taxable memes and "coordinated deleveraging"

May 15, 2026

Cartoon comparing the Avis short squeeze to a famous 2008 squeeze and the risk to long/short portfolios

Tax-Aware Long-Short

long/short: recent Avis squeeze looks like a famous 2008 squeeze (Pt. 2)

May 10, 2026

Graphic marking tax-aware long/short growth past $150 billion AUM alongside Schwab margin risk notes

Tax-Aware Long-Short

Long/short: Schwab's margin risk addendum is worth reading

May 7, 2026

Cartoon illustrating the asymmetric, unbounded downside of a concentrated short position in a long/short strategy

Tax-Aware Long-Short

Long/Short: The asymmetric risk in short positions

May 3, 2026

Cartoon depicting the rapid AUM growth of tax-aware long/short strategies past $150 billion

Tax-Aware Long-Short

Tax-aware long/short grows to $150+ billion AUM

Apr 30, 2026

Cartoon depicting an Avis short squeeze damaging a tax-aware long/short portfolio

Tax-Aware Long-Short

Long/Short: Avis Short Squeeze (Pt. 1)

Apr 26, 2026

Graphic on Schwab reportedly limiting adviser access to tax-aware long/short strategies

Tax-Aware Long-Short

Long/short: Schwab apparently limiting adviser access

Apr 23, 2026

Cartoon of Schwab spotlighting tax-aware long/short as a low-capital activity across its 1Q26 earnings call

Tax-Aware Long-Short

Schwab: long/short "not a balance sheet capital-intensive type of activity"

Apr 19, 2026

Graphic weighing whether borrow fees on tax-aware long/short short positions are tax deductible

Tax-Aware Long-Short

Tax-aware long/short: what is a borrow fee and is it deductible?

Apr 12, 2026

Small nondeductible expenses adding up as paper cuts while advisers learn tax-aware long/short reporting

Tax-Aware Long-Short

When you learn some minor expense is not deductible...

Apr 10, 2026

Cartoon explaining how dividends on long and short positions are taxed inside a tax-aware long/short strategy

Tax-Aware Long-Short

Tax-aware long/short: how short dividends work

Apr 5, 2026

Cartoon on the updated tax-aware long/short market map and choosing good investment managers

Tax-Aware Long-Short

Tax-aware long/short: updated market map and choosing gud investments

Apr 2, 2026

Graphic on tax alpha attracting assets and the economic substance line advisers should not cross

Tax-Aware Long-Short

Tax alpha and the (healthy) economic substance trend

Mar 31, 2026

Cartoon of Fidelity selectively raising financing costs on tax-aware long/short separately managed accounts

Tax-Aware Long-Short

Tax-aware long/short: Fidelity to selectively and substantially increase financing costs

Mar 26, 2026

Cartoon on Schwab courting RIAs for tax-aware long/short business as Fidelity pauses

Tax-Aware Long-Short

Long/short: While Fidelity pauses, Schwab CEO tells RIAs "We’d love to support you"

Mar 20, 2026

Long position cost basis depicted as a finite resource depleting across years of tax-loss harvesting

Tax-Aware Long-Short

Tax-aware long/short: integrated to overlay via Section 351

Mar 17, 2026

Tax-aware long/short marketed as capital loss as a service, framed by a Twitter debate

Tax-Aware Long-Short

Capital loss as a service

Mar 6, 2026

Cartoon of Fidelity halting new tax-aware long/short account openings as advisers shift business to Schwab

Tax-Aware Long-Short

Fidelity indefinitely pausing new long/short account openings

Feb 19, 2026

Intake survey launching the tax-aware long/short practitioner working group

Tax-Aware Long-Short

Tax-aware long/short working group intake

Jan 30, 2026

Graphic on Fidelity pausing new tax-aware long/short accounts as advisers diversify custody

Tax-Aware Long-Short

Advisers consider all options as Fidelity extends pause on new tax-aware long/short account openings

Jan 11, 2026

Fidelity hitting the brakes on new tax-aware long/short SMA business and the ripple to advisers

Tax-Aware Long-Short

Fidelity pumps the breaks on tax-aware long/short. Does this impact you?

Jan 9, 2026

Cartoon announcing a working group convening around tax-aware long/short strategies like the 130/30

Tax-Aware Long-Short

Announcing: Tax-aware long/short working group

Jan 8, 2026

Cartoon on a large portfolio manager adding a tax-aware long/short private fund

Tax-Aware Long-Short

Jumbo portfolio manager adds tax-aware long/short private fund

Dec 28, 2025

New entrants raising the quality of play in the tax-aware long/short market

Tax-Aware Long-Short

Tax-aware long/short: new entrants and innovation

Dec 19, 2025

Cartoon on Fidelity pausing new tax-aware long/short account onboarding into mid-January 2026

Tax-Aware Long-Short

Advisers report Fidelity pauses new tax-aware long/short accounts until mid-Jan 2026

Dec 14, 2025

Cartoon charting the rampant AUM growth of tax-aware long/short as it challenges direct indexing for SMA dominance

Tax-Aware Long-Short

Tax-aware long/short AUM update "rampant growth"

Nov 14, 2025

Cartoon showing how the wrapper and economic value at risk govern tax-aware long/short loss limits

Tax-Aware Long-Short

"In tax-aware long/short, aren't my tax losses limited to contributed capital?"

Nov 5, 2025

Cartoon using a donut shop to explain the tightening Excess Business Loss limit on trader funds in 2026

Tax-Aware Long-Short

Trader fund Excess Business Loss (EBL) limit gets worse in 2026

Nov 2, 2025

Cartoon on survey data showing 88% of respondents plan to use tax-aware long/short strategies

Tax-Aware Long-Short

88% surveyed plan to use tax-aware long/short

Oct 29, 2025

Trader fund classification generating ordinary business losses instead of capital losses

Tax-Aware Long-Short

What is a trader fund?

Oct 24, 2025

Cartoon of advisers applying different tax-aware long/short hold patterns across client scenarios

Tax-Aware Long-Short

How do you use tax-aware long/short, if at all?

Oct 22, 2025

Weighing when tax-aware long/short and 130/30 are not the right fit for a client

Tax-Aware Long-Short

When is tax-aware long/short not the right choice?

Oct 10, 2025

Cartoon market map outgrowing its frame as more managers pile into tax-aware long/short

Tax-Aware Long-Short

Everyone is catching the long/short bug

Oct 8, 2025

Cartoon on black swan short sale bans and the manager-dependent risk in tax-aware long/short

Tax-Aware Long-Short

Should tax-aware long/short investors care about black swan short sale bans?

Sep 30, 2025

Graphic asking whether margin call risk threatens tax-efficient products built on long/short and box spreads

Tax-Aware Long-Short

Margin call me maybe

Sep 28, 2025

Cartoon of the tax-free endowment model breaking down once taxes hit a private taxable portfolio

Podcasts & Media

Taxes mess up the endowment model

Sep 12, 2025

Cartoon comparing the gen AI WealthTech hype to the earlier blockchain wave, WealthTech entering stache-mode

Tax-Aware Long-Short

Future Proof: Gen AI is the biggest thing since blockchain

Sep 10, 2025