Tax-Aware Long-Short Strategies Hit $170 Billion as Wealthy Investors Chase Deferrals
Assets in tax-aware long-short (TALS) strategies have surged to over $170 billion from $2 billion in 2022, driven by wealthy investors seeking to offset capital gains. While these complex products offer substantial tax deferrals, they carry significant risks including high fees, leverage, and potential regulatory scrutiny from the Treasury Department.