Our tactical allocation portfolios reflect changes in asset class valuations relative to your strategic benchmark with the aim of outperforming the benchmark while being calibrated to your risk tolerance. Our professionals have a demonstrated track record of finding ways to finance complex and unconventional transactions that other lenders struggle with. Tactical Asset Allocation (TAA) is a dynamic investment strategy that actively adjusts a portfolio's Strategic Asset Allocation (SAA) based on short-term market forecasts. The goal of a TAA strategy is to improve the risk-adjusted returns of passive management investing. The efficient-market hypothesis would imply that tactical asset allocation cannot increase risk-adjusted returns, since markets are already efficiently priced.