By Donald R. Chambers, Mark J. P. Anson, Visit Amazon's Keith H. Black Page, search results, Learn about Author Central, Keith H. Black, , Hossein Kazemi, CAIA Association
The authentic CAIA point 1 curriculum book
Alternative Investments: CAIA point I, third variation is the curriculum booklet for the Chartered replacement funding Analyst (CAIA) point I specialist exam. protecting the basics of the choice funding area, this ebook is helping you construct a starting place in alternative funding markets. you are going to glance heavily on the sorts of hedge fund techniques and the diversity of information used to outline funding functionality as you achieve a deep familiarity with replacement funding phrases and advance the computational skill to unravel funding difficulties. From technique features to portfolio administration thoughts, this ebook includes the center fabric it is very important be successful at the CAIA point I examination. This up to date 3rd variation tracks to the newest model of the examination, and is followed by means of the next ancillaries: a workbook, examine advisor, studying pursuits, and an ethics handbook.
Most funding analyst education schemes concentration totally on the normal asset sessions, pushing substitute investments to the sidelines. The CAIA designation used to be built based on the great development of other making an investment, and is the industry's most suitable academic commonplace. This publication is your professional learn significant other, bringing you absolutely up to the mark on every thing you must recognize (with the exception of the ethics fabric coated in a separate handbook).
- Understand the complexities of every replacement asset class
- Learn the quantitative ideas execs use each day
- Dig into the original elements of different investments
- Master the center fabric coated through the CAIA point I exam
More than three hundred monetary associations and hedge money have dedicated key executives to the CAIA examination, and this quickly growing to be pattern speaks to the designation's emerging prestige as a must have credential for a person within the replacement funding sphere. elevate your probabilities of luck through getting your info instantly from the resource in CAIA point I.
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Additional info for Alternative Investments: CAIA Level I
A financial asset is not a real asset—it is a claim on cash flows, such as a share of stock or a bond. Intangible assets, such as technology, directly facilitate production, thereby creating increased value. It can be argued that intangible assets represent a very large and rapidly increasing role in the wealth of society. 2 Hedge Funds Hedge funds represent perhaps the most visible category of alternative investments. While hedge funds are often associated with particular fee structures or levels of risk taking, we define a hedge fund as a privately organized investment vehicle that uses its less regulated nature to generate investment opportunities that are substantially distinct from those offered by traditional investment vehicles, which are subject to regulations such as those restricting their use of derivatives and leverage.
The normal distribution is the commonly discussed bell-shaped distribution, with its peaked center and its symmetric and diminishing tails. The return distributions of most investment opportunities become nearer to the shape of the normal distribution as the time interval of the return computation nears zero and as the probability and magnitude of jumps or large moves over a short period of time decrease. However, over longer time intervals, the returns of many alternative investments exhibit non-normality, in that they cannot be accurately approximated using the standard bell curve.
Characteristic of public ownership, which can be viewed as a type of institutional structure. Because structures are a descriptive and definitional component of alternative investments, they are a crucial theme to our analysis of asset classes. Structures denote a related set of important aspects that identify investments and distinguish them from other investments. There are five primary types of structures: 1. 2. 3. 4. 5. Regulatory structures Securities structures Trading structures Compensation structures Institutional structures For example, mutual funds are usually considered to be traditional investments, and hedge funds are usually considered to be alternative investments.
Alternative Investments: CAIA Level I by Donald R. Chambers, Mark J. P. Anson, Visit Amazon's Keith H. Black Page, search results, Learn about Author Central, Keith H. Black, , Hossein Kazemi, CAIA Association