Taxes can create a gap between how investments perform and how wealth grows. AQR Flex™, or Flex SMA™, is designed to narrow this gap by helping investors compound wealth more efficiently. Unlike conventional approaches, like direct indexing, AQR Flex™ invests both long and short, which allows us to implement our investment views more fully and may lead to more consistent pre-tax and after-tax outcomes.
These long/short equity strategies are driven by AQR’s time-tested, systematic process developed over 25 years of investment management research and experience.
*All data as of 12/31/2025
Video Introduction
How does AQR Flex work, and what can it do? Take a look under the hood in this introductory video.
Transition Analysis Tool
Visualize the potential impact of transitioning a portfolio to AQR Flex.
Tax Matters Blog
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Contact UsThe information set forth herein has been obtained or derived from sources believed by AQR Capital Management, LLC (“AQR”) to be reliable. However, AQR does not make any representation or warranty, express or implied, as to the information’s accuracy or completeness, nor does AQR recommend that the attached information serve as the basis of any investment decision. This webpage has been provided to you solely for information purposes and does not constitute an offer or solicitation of an offer, or any advice or recommendation, to purchase any securities or other financial instruments, and may not be construed as such. This webpage is intended exclusively for the use of the person to whom it has been delivered by AQR, and it is not to be reproduced or redistributed to any other person. This webpage is subject to further review and revision. Past performance is not a guarantee of future performance.
This material is intended for informational purposes only and should not be construed as legal or tax advice, nor is it intended to replace the advice of a qualified attorney or tax advisor. The recipient should conduct his or her own analysis and consult with professional advisors prior to making any investment decisions.
Like any investment strategy designed to generate pre-tax returns, tax-aware investment strategies are subject to the risk of pre-tax returns meaningfully underperforming expectations.
Unavailability of potential tax benefits. The expected tax benefits associated with the tax-aware strategy may be less than expected or may not materialize due to the economic performance of the strategy, an investor's particular circumstances, prospective or retroactive changes in applicable tax law, and/or a successful challenge by the IRS. In the case of an IRS challenge, penalties may apply.
The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Please note that changes in the rate of exchange of a currency may affect the value, price or income of an investment adversely.
This website and its content is not research and should not be treated as research. This webpage does not represent valuation judgments with respect to any financial instrument, issuer, security or sector that may be described or referenced herein and does not represent a formal or official view of AQR.
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