CAIA Level I : An Introduction to Core Topics in Alternative Investments

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  • Format: Hardcover
  • Copyright: 10/1/2009
  • Publisher: Wiley
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The official study text for the Level I Chartered Alternative Investment Analyst (CAIA) examThe Chartered Alternative Investment Analyst (CAIA) designation is the financial industry's first and only globally recognized program that prepares professionals to deal with the ever-growing field of alternative investments. The CAIA Level I: Core Topics in Alternative Investments contains all material on alternative investments that a potential Level I candidate would need to know as they prepare for the exam.The information found here will help you build a solid foundation in both traditional and alternative investment markets-for example, the range of statistics that are used to define investment performance as well as the many types of hedge fund strategies. It will also inform CAIA candidates on how to identify and describe aspects of financial markets, develop reasoning skills, and in some cases, make computations necessary to solve business problems. Contains "need to know" material for Level I candidates and for alternative investment specialists Addresses all of the unique attributes associated with the alternative investments space Organized with a study guide outline and learning objectives with key terms, available for free at www.caia.org/program/studyguides Focuses on alternative investments and quantitative techniques used by investment professionalsThis book is a must-have resource for anyone contemplating taking the CAIA Level I exam.

Table of Contents

About the Authors
Introduction to Alpha Drivers and Beta Drivers
What Is an Alternative Asset Class?
Why Alternative Assets are Important
The Beta Continuum
Alpha versus Beta
The Calculus of Active Management
Real Estate
Real Estate Investment Trusts
Introduction to NCREIF and the NCREIF Indexes
Real Estate as an Investment
Core, Value Added and Opportunistic Real Estate
Hedge Funds
Introduction to Hedge Funds
Establishing a Hedge Fund Investment Program
Due Diligence for Hedge Fund Managers
Risk Management Part 1: Hedge Fund Return Distributions
Risk Management Part II: More Hedge Fund Risks
Hedge Fund Benchmarks and Asset Allocation
Hedge Fund Incentive Fees and the Free Option
Hedge Fund Collapses
Top Ten Hedge Fund Quotes
Commodities and Managed Futures
Introduction to Commodities
Investing in Commodity Futures
Commodity Futures in a Portfolio Context
Managed Futures
Private Equity
Introduction to Venture Capital
Introduction to Leveraged Buyouts
Debt as Private Equity Part I: Mezzanine Debt
Debt as Private Equity Part II: Distressed Debt
Trends in Private Equity
The Economics of Private Equity
Credit Derivatives
Introduction to Credit Derivatives
Collateralized Debt Obligations
Risks and New Developments in CDOs
Basic Principles of Return and Present Value
Measures of Risk and Risk Management
Correlation and Regression Analysis
The Quantitative Analysis of 130/30 Products
Table of Contents provided by Publisher. All Rights Reserved.

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