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

A comprehensive estimate of net AUM

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

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Canvas (by Franklin Templeton) is hosting a welcome reception the evening before Basis Northwest 2026 at Aerlume Seattle.

Please RSVP so we know how much room we need.

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Following the conference, we’re going to the Mariners game against the Diamondbacks. You need a ticket to get in.


I’ve been tracing the history of the recent tax-aware long/short craze and AUM appears to be more than $150 billion, up from just a few billion 5 years ago.

Getting up to speed on tax-aware long/short? Start here.

The full data breakdown, by manager and year, from 2018 to present is below.