Tactical Portfolios -- Contents -- Introduction -- Investors Exit Hedge Funds at Fastest Rate in Four Years -- Learning from Yale: 51 Percent Allocation to Alternative Investments -- Hedge Funds, Emerging Managers, Liquid Investments, and Managed Futures -- Notes -- Preface -- Chapter 1 Hedge Fund Strategies and How They Work -- Investor Evolution -- Major Fund Strategies -- Equity Long/Short -- Macro -- Event Driven -- Activist Funds -- Herbalife -- Value Investing -- Credit -- Liquid Alternatives -- Trusts -- UCITS -- AIFs -- Summary -- Notes -- Chapter 2 Emerging Managers -- What Are Emerging Managers and Who Invests In Them? -- Fully Vested at Inception -- Friends and Family Money at Inception -- Good Pedigree -- Emerging Fund of Funds -- Emerging Fund of One -- Seeders -- Summary -- Notes -- Chapter 3 How to Approach Investing in Hedge Funds: Investment Structures -- Allocation Types -- Single Allocation -- Funds of Funds -- Fund of One -- Working with a Consultant -- Third-Party Marketers -- Separately Managed Accounts -- Summary -- Notes -- Chapter 4 How to Approach Investing in Hedge Funds: Service Providers and Due Diligence -- Meet the Service Providers -- Hedge Fund Administrators -- Risk Management -- Prime Brokers -- Central Clearers -- Defining Risk Profiles -- Liquidity -- Aligning Interests -- Due Diligence -- Moving Beyond the Checkbox Risk Assessment -- Key Man Risk -- Reputational Risk -- Red Flags -- Summary -- Notes -- Chapter 5 Regulatory Regime Changes and Impact -- Dodd-Frank Act -- FATCA -- JOBS Act -- AIFMD -- MiFID -- EMIR -- Summary -- Notes -- Chapter 6 Managed Futures -- Exploring Different Ways to Trade Managed Futures -- What Is Trend Following? -- Strategy Risk Considerations -- How to Evaluate a CTA -- 10 Due Diligence Considerations for CTAs -- CTA Evaluation and Portfolio Correlation Considerations.

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