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A Deep Dive into Custom and Direct Indexing with Ehren Stanhope

Excess Returns

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The Origins of the S&P 500 Research Partners Program

The research partners program was basically this idea that we can start turning the platform inside out and see if there are other people that are interested in using it. We identified a few people, primarily on Twitter, that had sort of like a particular investment interest or specialty or need with the quantitative prowess to be able to do the research. And so from there, it was just kind of this like logical step process. One of the ideas you referred to earlier, which you'll hear about talked about a lot with this is this idea of tax alpha. Can you just explain what that concept is?

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