Tax aware long-short: A natural extension of custom indexing
November 5, 2025
Long-short strategies could offer larger and more consistent tax benefits compared to long-only direct indexing.
O'Shaughnessy Asset Management
O'Shaughnessy Asset Management lives at the intersection of quant research and technology development, constantly pushing innovation and differentiated investment offerings.
Core tenets
We deliver systematic, research-based investment strategies - across regions, sizes and styles - designed to support a broad range of investment objectives based on our core tenets.
Evidence-based investing
We ground every strategy in decades of empirical research, using data and rigorous testing to identify persistent factor advantages that deliver on intended investment objectives.
Systematic and disciplined implementation
Our investment process is rules-based and repeatable, designed to remove emotion, promote consistency and ensure strategies are implemented as intended across market cycles.
Investor-centered portfolio design
We build portfolios with real-world investor outcomes in mind, incorporating tax awareness, risk management and customization to help clients meet their objectives at scale.
Explore our featured products
Access the best of OSAM through a range of factor-based separately managed accounts or through Canvas, our tax-aware and personalized portfolio management platform.
O'Shaughnessy Market Leaders Value
Seeks long-term growth by investing in mostly large capitalization domestic equities. The strategy seeks market-leading companies with attractive valuations and high Shareholder Yield.
O'Shaughnessy Market Leaders Core
Seeks to provide long-term appreciation by creating a portfolio with exposure to mostly large capitalization domestic equities that we believe have better Quality, Value, Momentum, and Shareholder Yield.
O'Shaughnessy All Cap Core
Seeks to provide long-term appreciation through exposure to domestic equities that we believe have better Quality, Value, Momentum and Shareholder Yield.
O'Shaughnessy Enhanced Dividend
Seeks long-term appreciation and income through global equities that we believe have exceptional Quality, Value and Yield. Enhanced Dividend’s focus on the combination of Value and Dividend Yield across the global opportunity set provides a unique take on equity income.
O'Shaughnessy Micro Cap
Seeks to provide long-term appreciation by creating a portfolio of domestic equities with market capitalizations that are approximately between $50 million and $200 million.
Personalized, tax-optimized portfolios at scale.
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Profiled Personnel
Roger Paradiso
Global Head of Custom Client Portfolios , Executive Chairman, O'Shaughnessy Asset Management
Christopher Loveless
President
KS
Kristopher Smith
Chief Operating Officer, Custom Client Portfolios, O'Shaughnessy Asset Management
Ehren Stanhope
Co-Head of Investment Management, Chief Investment Strategist
SB
Scott Bartone
Co-Head of Investment Management, Chief Product Officer
RG
Rajat Gupta
FTT Chief Information Officer, CTO, O'Shaughnessy Asset Management
EF
Erin Foley
Director of Trading
CN
Claire Noel
Director of Research
BR
Bill Reynolds
Custom Indexing Chief Technology Officer
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Footnotes
1. The AUM and Advisement combined total represents $21.7 billion of assets under management and $0.7 billion of assets under advisement as of 12/31/25. The information regarding AUA (Advisement) is supplemental, OSAM does not have control over the assets under advisement, implementation of the models, or execution of the trades.
Important Information
Separately Managed Accounts (SMAs) are investment services provided by O’Shaughnessy Asset Management, LLC (OSAM), a federally registered investment adviser. Client portfolios are managed based on investment instructions or advice provided by OSAM. Management is implemented by OSAM, or, in the case of certain programs, the program sponsor or its designee.
Professional money management may not be suitable for all investors. Factual information relating to the securities discussed was obtained from sources believed to be reliable, but there can be no guarantee as to its accuracy. It should not be assumed that investments made in the future will be profitable or will equal the performance of the securities discussed in the material.
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All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.