Alternative investments: Tactical asset allocation

tactical asset allocation

While there has been a significant amount of research on the predictability of traditional asset classes, and the implications in terms of tactical asset-allocation strategies, very little is known about the predictability of returns emanating from alternative vehicles such as hedge funds.

Also, and not surprisingly given the absence of academic evidence on the predictability of hedge fund returns, very little is known about the performance of tactical asset-allocation strategies involving h

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