Invesco’s Long-Short SMA Strategy Solves Client Needs
On the Inside SMAs podcast powered by Zephyr’s PSN, host Ryan Nauman interviews Eddie Bernhardt, Head of SMAs at Invesco, about Invesco’s long-short SMA strategy and how it’s used to solve client-specific challenges. Bernhardt explains Invesco’s global scale and the quant equity IQS group’s 30+ year foundation, including proprietary factor research, a large multi-region team, and the technology required to customize and manage accounts at scale. The discussion focuses on common use cases such as transitioning concentrated low-basis stock into a diversified portfolio in a tax-managed way, as well as offsetting gains from business sales or real estate. They address misconceptions from past high-leverage long-short approaches, emphasizing disciplined risk management, setting expectations, and tailoring implementation to each client’s goals.
Are you looking to incorporate SMA’s into your client’s investment portfolios? Zephyr’s PSN data can help you get started. Learn more here.
Learn more about Invesco here.
00:00 Welcome to Inside SMAs
00:41 Spotlight on Invesco
01:26 Meet Eddie Bernhardt
02:00 Invesco Global SMA Platform
04:05 IQS Team and Resources
05:37 Long Short Philosophy
06:29 How the Strategy Works
09:50 Client Goals and Risk
12:13 Scaling with Tech
14:19 Competitive Differentiators
17:08 Misconceptions and Leverage
20:48 Diversification Mindset
22:55 More Use Cases
25:28 Advisor Objections
27:59 Track Record and Trust
29:49 How Advisors Implement
31:27 Why SMAs and Wrap Up
32:19 Where to Learn More
32:44 Final Takeaways
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