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

Page: https://stenobird.com/podcast/disruptive-forces-in-investing-558440/beyond-long-only-how-130-30-smas-may-rejuvenate-tax-loss-harvesting
Text version: https://stenobird.com/podcast/disruptive-forces-in-investing-558440/beyond-long-only-how-130-30-smas-may-rejuvenate-tax-loss-harvesting.md
Podcast: [Disruptive Forces in Investing](https://stenobird.com/podcast/disruptive-forces-in-investing-558440)
Published: 2025-11-25T20:24:13+00:00
Episode link: https://disruptive.libsyn.com/beyond-long-only-how-13030-smas-may-rejuvenate-tax-loss-harvesting
Audio file: https://traffic.libsyn.com/clean/secure/disruptive/Disrutpive_Forces_-_Brenton_Hill_PASS3_v2.mp3?dest-id=1167224
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Duration seconds: 1320

## Resource

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? On this episode of Disruptive Forces , host Anu Rajakumar speaks with Ray Carroll , CIO of Neuberger Berman's Breton Hill quantitative investing team, and Jacob Greene , Head Strategist for Custom Direct Investing, to demystify 130/30 tax-managed portfolios and where they work best—from diversifying single-stock concentrations to preparing for large taxable events, with global considerations beyond the U.S. This communication is provided for informational and educational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger Berman is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger Be…

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