About the Authors

The CAIA Association is an independent, not-for-profit global organization committed to education and professionalism in the field of alternative investments. The Association was established in 2002 by industry leaders under the guidance of the Alternative Investment Management Association (AIMA) and the Center for International Securities and Derivatives Markets (CISDM) with the belief that a strong foundation of knowledge is essential for all professionals. The curriculum includes two exams (Level I and Level II) administered to professional analysts in this growing field so that, upon successful completion, the individuals are designated Chartered Alternative Investment Analysts (CAIA). The CAIA designation has a great deal of prestige in the global community. Members come from over 80 countries on six continents.

Dr. Donald R. Chambers, CAIA, is Associate Director of Programs at the CAIA Association; the Walter E. Hanson/KPMG Professor of Finance at Lafayette College in Easton, Pennsylvania; and Chief Investment Officer of Biltmore Capital Advisors. Dr. Chambers previously served as Director of Alternative Investments at Karpus Investment Management. He is a member of the editorial board of the Journal of Alternative Investments.

Dr. Mark J. P. Anson, CAIA, CFA, CPA, Ph.D., J.D, is a board member of CAIA and the President and Chief Investment Officer of the Bass Family Office—winner of the Family office of the Year award for 2014–2015. Dr. Anson previously ...

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