Tactical portfolios : strategies and tactics for investing in hedge funds and liquid alternatives / / Bailey McCann with contributions from opalesque editors

• Record Nr.: UNINA9910140283003321
• Autore: McCann Bailey
• Pubbl/distr/stampa: Hoboken, New Jersey : , : John Wiley & Sons, , 2014; ©2014
• ISBN: 1-118-73163-8; 1-118-73160-3; 1-118-73158-1
• Edizione: [1st edition]
• Descrizione fisica: 1 online resource (221 p.)
• Collana: Wiley Finance Series
• Disciplina: 332.645
• Soggetti: Finance; Hedge funds; Investments; Risk management
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: 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 InceptionFriends 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 ProfilesLiquidity; 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; The P(A|B) Method to Analyze and Supervise a Managed Futures InvestmentBackground; Step Three: Market Environment Risk Exposure; Questions to Consider; Step Five: Operational Due Diligence and Account Type Selection Determines Risk Controls; Uses of the P(A|B) Method in CTA Rankings/Risk Analysis; Beta Market Environment; Key Statistics with This Strategy; Considerations Regarding This Strategy; CTA Benchmarks/CTA Uncorrelated Parings; P(A|B) Method Use in Portfolio Development; 5 Million Portfolio Development Example; What About Managed Accounts?; Understanding Managed Accounts-By Chidem KurdasManagers' Objections; Food for Thought: Consider Managed Futures Investing in a Fashion Similar to Growth Stock Investing; Summary; Notes; Chapter 7 Investment Mechanics; Diversification: Real and Imagined; Evaluation of Risk; The Hedge Is the Edge-Types of Hedges; Short Trade; The Paradox; What Color Is Your Swan?; Cash Is Not Always King; Evolution; Structure; Are Puts the Only Option?; Volatility; Tail Risk Hedges for Retail Investors; Derivatives; Summary; Notes; About the Author; About the Contributors; Additional Resources; Index
• Sommario/riassunto: Take an active management approach with liquid alternatives to increase R.O.I. Take advantage of inefficiencies in the market by investing in alternative assets. Hedge fund and private equity investment diversifies your portfolio and helps shield you from market volatility, allowing your more passive assets to work the long game. In Tactical Portfolios: Strategies and Tactics for Investing in Hedge Funds and Liquid Alternatives, author Bailey McCann guides you through the principles of hedge fund investment and the associated philosophies of risk management strategies. McCann's