Cache (Brooklyn Indexing / Nuveen)
Cache Long/Short
WaitlistOpen only to $10M+ accounts. Waitlist for the reopening at $1M+.
- Assets
- $3.98B firm-wide
- Fee a year
- 0.50%–1.00%
- Minimum
- $1M
- Tracking error
- Not disclosed
- Investors
- Not disclosed
- Open to
- Not disclosed
- Leverage
- 130/30 to 200/100
- Lock-up
- None (SMA)
- Holdings
- Not disclosed
- Benchmark
- Not disclosed
- Custodians
- Schwab
- Access
- Sign up directly, through an advisor
- Launched
- Not disclosed
- Assets, in detail
- As of 2025-12. Firm-wide (provider-level) for the sub-adviser, not Cache alone. Brooklyn Investment Group Form ADV (annual amendment filed 2026-03-31): $3.98B RAUM at 2025-12-31 for 153 RIA clients, all in SMAs with 10% or more gross notional exposure ($3.64B at 10-149%, $0.34B at 150%+), so all of it is long/short. RAUM is gross of borrowings. Nuveen: Brooklyn AUM grew to $8.1B (2026-07-17) across all strategies, and tax-advantaged long/short was about half of that growth. Cerulli: Nuveen, Invesco, Morgan Stanley, Natixis, and Franklin Templeton together had about $4B in retail long/short SMAs (Q1 2026). Cache does not publish its own share.
- Fee schedule
- 130/30 0.50%, 145/45 0.60%, 175/75 0.75%, 200/100 1.00%. Fee is on actual leverage and falls as the account deleverages.
- Other costs
- Financing 0.28%-0.95% pre-tax (0.17%-0.57% post-tax), by leverage.
- Tracking error, method
- Not disclosed.
- Capacity and queue
- Stated minimum $1M ($3M at 175/75 and 200/100), but Cache now accepts only $10M+ accounts. Schwab caps new enrollments at 200/100.
Cache (Brooklyn Indexing / Nuveen), all products
- 2025-12$3.98BBrooklyn long/short SMA RAUM, Form ADV, firm-wide (provider-level)
- 2026-07$8.10BBrooklyn AUM, all strategies, firm-wide (provider-level)
Sources
Checked 2026-10. Confidence: medium.
- Brooklyn Investment Group Form ADV Part 1 (annual amendment filed 2026-03-31)
- Nuveen release via Yahoo Finance: Brooklyn AUM $8.1B as of 2026-07-17 (2026-08-06)
- The Daily Upside: advisor interest in long-short SMAs nearly doubles (2026-09-01, Cerulli data for Q1 2026)
- Cache: list of tax-aware long-short providers (third party)
- Frec: tax-aware long short providers 2026 comparison (third party)
- Cache help: What is Cache Long/Short
Where to get it
The same product costs a different amount through each door. The all-in fee adds the access provider's own fee to the product fee. Placement fees, financing, and fund expenses are extra.
| Through | Their fee | All-in fee | Minimum | Onboarding and queue | Status |
|---|---|---|---|---|---|
| Direct from Cache (Brooklyn Indexing / Nuveen)Manager | 0% | 0.50%–1.00% | $1M | Continuous (SMA). Stated minimum $1M ($3M at 175/75 and 200/100), but Cache now accepts only $10M+ accounts. Schwab caps new enrollments at 200/100. | Open |
| CacheDirect platform | 0% | 0.50%–1.00% | $1M | Contributions join the fund at the next close. Funds typically close twice a month.. Some in-demand stocks carry a short waitlist. Holders with shares already on Cache get priority when capacity opens. The site shows a 'Fall Aperture' with expanded capacity through Nov 10. Long/Short has a waitlist for the $1M+ reopening. | Open |
| Charles Schwab (RIA custody)Custodian | Not disclosed | Not disclosed | $10M | Not disclosed | Restricted |
Other tax-aware long/short
- AQR Tax-aware long/short (Flex SMAs and TA private funds)$68.8B
- Quantinno DEALS (Core / Exchange / Overlay)$48.3B
- Aperio (BlackRock) Long/Short SMAs (130/30 Quality Value, Tax-Managed Dynamic Factor)$19B
- Two Sigma Beacon Fund (tax-aware long/short private fund)$976M
- Frec Long Short Direct Indexing and Long Short Diversify0.50%–1.30%
- Franklin Templeton (Canvas) Canvas Tax Aware Long Short
- Parametric (Morgan Stanley) Custom Extension