Alternative investments may have appealing attributes for investors, but tax efficiency is rarely one of them. Whether the alternative strategy is attempting to arbitrage small price differences between stocks, or shorting companies in anticipation of an imminent price decline, the nature of many alternative strategies generally leads to frequent realization of short-term capital gains. As a result, alternative investments are usually best held in tax-shielded accounts. However, Gateway defies the tax inefficiency stereotype of alternative funds. Here's a deep dive into how the fund developed the tax efficiency strategy and how investors can capitalize on these tax benefits.Harvesting Losses for Tax BenefitsGateway follows a hedged-equity strategy that uses a combination of stocks and options to give investors tax-e… Full Story

Three Janus fund managers are leaving the firm, spurring even more changes in the process.Chad Meade and Brian Schaub, who have posted stellar returns at Silver-rated Janus Triton since 2006 and Silver-rated Janus Venture since 2010, departed on May 10. This is a big loss for the firm, as the duo had been Janus' best-performing stock fund managers over the past three and five years. Their funds have been among the few sources of net inflows within the equity-fund lineup, which has produced subpar results overall of late. The two managers have not yet announced where they will work next.Taking Meade and Schaub's place at those small-growth funds is Jonathan Coleman, who recently stepped down as co-CIO and now will depart the Neutral-rated Janus Fund. Coleman struggled during m… Full Story