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Neuberger Berman

2025 Top 500 ranking: 59

Beyond Long-Only: How 130/30 SMAs May Rejuvenate Tax-Loss Harvesting

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Tax-managed equity has evolved beyond the traditional long-only playbook. By adding selective shorts and leverage, 130/30 active extension strategies aim to unlock higher alpha while maintaining market-level beta—plus potentially meaningful after-tax benefits through disciplined loss harvesting. Where can this approach fit in portfolios today?

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