Take an active management approach with liquid alternatives toincrease R.O.I.Take advantage of inefficiencies in the market by investing inalternative assets. Hedge fund and private equity investmentdiversifies your portfolio and helps shield you from marketvolatility, allowing your more passive assets to work the longgame. In Tactical Portfolios: Strategies and Tactics forInvesting in Hedge Funds and Liquid Alternatives, author BaileyMcCann guides you through the principles of hedge fund investmentand the associated philosophies of risk management strategies.McCann's background in reporting and analyzing government policyand regulatory issues positions her as a valuable source ofstrategic investment advice. As Senior Editor of Opalesque'sAlternative Market Briefing, her take on the market is readby every one of the top 100 hedge fund managers on a daily basis.In Tactical Portfolios: Strategies and Tactics for Investing inHedge Funds and Liquid Alternatives, McCann goes in-depth onimportant topics.* Strategies for equities, managed futures and fixed income* What to expect and common misconceptions* Investment mechanics of specific strategies* Valuation, red flags, and regulatory changesIf your passive approach has failed to produce the desiredresults, liquid alternative investment may be the answer. Whilelong/short will always be around, external forces can change itsimpact on your portfolio and it may be time to expand yourinvestment arsenal. Tactical Portfolios: Strategies and Tacticsfor Investing in Hedge Funds and Liquid Alternatives will helpyou get the most out of any market.

Introduction viiPreface xiChapter 1Hedge Fund Strategies and How They Work 1Chapter 2Emerging ManagersBenedicte Gravrand 29Chapter 3How to Approach Investing in Hedge Funds: Investment Structures61Chapter 4How to Approach Investing in Hedge Funds: Service Providersand Due Diligence 79Chapter 5Regulatory Regime Changes and Impact 115Chapter 6Managed FuturesMark Melin 133Chapter 7Investment Mechanics 171About the Author 191About the Contributors 193Additional Resources 195Index 197