Salient Tactical Growth Fund Investor Class (FFTGX) is an open-end mutual fund managed by Salient Advisors, L.P., that seeks long-term capital appreciation by investing primarily in a tactical allocation across equities, fixed income securities, and alternative investments, including derivatives and commodities. The fund employs a dynamic asset allocation strategy utilizing proprietary models to adjust exposures based on market conditions, volatility, and economic indicators; it offers share classes including Investor (FFTGX), Institutional, and others, with a focus on U.S. and global markets. Salient Advisors, founded in 2002 and headquartered in Houston, Texas, with additional offices in New York and San Francisco, operates the fund within its broader platform serving institutional and high-net-worth individual investors across asset management segments such as private equity, real assets, and public funds. Recent developments include the fund's continued emphasis on risk-managed growth amid 2024 market volatility, with portfolio adjustments incorporating increased allocations to defensive sectors and short-duration fixed income following Federal Reserve rate cuts; in late 2023, Salient enhanced its tactical models with advanced quantitative tools derived from machine learning integrations to improve alpha generation. The fund targets sophisticated investors seeking diversified, adaptive exposure without traditional buy-and-hold constraints, operating globally with primary emphasis on North American securities while selectively accessing international opportunities.