NinePointTwo Prism

One tax-aware long/short engine, refracted into three approaches.

The Strategy

Our core tax-aware strategy

Prism is NinePointTwo's proprietary tax-aware long/short equity strategy. Like a prism separating a single beam of light into its full spectrum, Prism takes one quantitative equity strategy and refracts it into distinct approaches, each tuned to a different investor situation or need.

Every configuration draws on the same proprietary long/short models that underpin our Alternatives division, applied here with a specific focus on systematic tax efficiency and client-level customization. Each is calibrated to your portfolio, your tax circumstances, and your objectives.

Learn how tax-aware long/short works

The Approaches

Three ways to apply Prism

The full strategy, at its full potential

Prism Max

Prism Max runs our tax-aware long/short strategy at its fullest expression. It seeks to harvest meaningful tax losses while pursuing potential alpha from our long/short equity models, with the goal of improving long-term after-tax wealth.

Seeks to harvest tax losses in both rising and falling markets
Pursues potential alpha from the combined long/short book
Built for investors without an existing tax-loss-harvesting program
Calibrated to your gains and your time horizon

Best for

Investors with large anticipated capital gains or a liquidity event this year or in coming years, and those who do not already run a tax-loss-harvesting program.

Move out of a concentrated position, tax-efficiently

Prism Diversify

Prism Diversify uses the tax-aware long/short engine to help unwind concentrated, low-basis single-stock exposure over time. It seeks to broaden your portfolio while managing the tax drag of realizing embedded gains, with the potential for additional alpha along the way.

Designed for concentrated, low-basis single-stock positions
Seeks tax-efficient diversification without a forced, all-at-once sale
Suited to long-held appreciated stock and founder or early-employee equity
Carries the potential for additional alpha as the position transitions

Best for

Holders of a single stock at a large embedded gain, including founders and early employees, who want to diversify tax-efficiently rather than sell all at once.

An overlay on the portfolio you already hold

Prism Enhance

Prism Enhance overlays our long/short equity strategy on top of an existing portfolio, with variable tracking-error levels and benchmarks. It is built for investors who do not want to overhaul their holdings but want to optimize them tax-efficiently and add an uncorrelated return stream.

Overlays on your existing portfolio with no wholesale restructuring
Variable tracking-error levels and custom benchmarks, tuned to you
Seeks to add an uncorrelated return stream
Aims to potentially enhance the portfolio's risk and return characteristics

Best for

Investors who want to keep their current portfolio largely intact while optimizing it tax-efficiently and adding a diversifying, uncorrelated overlay.

Get in Touch

Request a meeting

Investing involves substantial risk, including the possible loss of principal. Tax-aware long/short strategies involve unique risks and may not be suitable for all investors. The effectiveness of tax management strategies depends on individual taxpayer circumstances and may vary. Past performance is not indicative of future results. See our Disclosures page for additional important information.