Turning Losses into Gains
Several years ago, while we were examining an externally managed tax-loss harvesting account, we realized the funds simply stopped producing losses. As we wondered what to do next, we decided to call one of the smartest guys we knew in the space - Hoon Kim.
Hoon wasn’t just any guy, he was a PhD in accounting with years of experience in alpha signal research, portfolio construction, performance attribution and portfolio analytics at AQR. As luck would have it, Hoon was ready to strike out on his own and was preparing to launch a strategy that would address this market need for taxable investors.
Hoon launched Quantinno Capital Management with Todd Saunders, Albert Kim, with Glenn Shirley and Paul Giordano joining shortly after. We decided to partner with Quantinno as an early client and a seed investor in the business.