Book description
The official study text for the Level I Chartered Alternative Investment Analyst (CAIA) exam
The 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 second edition of CAIA Level I: An Introduction to Core Topics in Alternative Investments contains comprehensive insights on the alternative investment issues a potential Level I candidate would need to know about as they prepare for the exam.
The information found here will help you build a solid foundation in alternative investment markets—with coverage of everything from the characteristics of various strategies within each alternative asset class to portfolio management concepts central to alternative investments.
Uses investment analytics to examine each alternative asset class
Examines quantitative techniques used by investment professionals
Addresses the unique attributes associated with the alternative investment space
Offers an online study guide outlining learning objectives and keywords
This book is a must-have resource for anyone contemplating taking the CAIA Level I exam. So if you're ready to take your first step toward the CAIA charter, take the time to understand the insights offered here.
Table of contents
- Cover
- Series
- Title Page
- Copyright
- Preface
- Acknowledgments
- About the Authors
-
PART One: Introduction to Alternative Investments
-
Chapter 1: What Is an Alternative Investment?
- 1.1 ALTERNATIVE INVESTMENTS BY EXCLUSION
- 1.2 ALTERNATIVE INVESTMENTS BY INCLUSION
- 1.3 STRUCTURES AMONG ALTERNATIVE INVESTMENTS
- 1.4 INVESTMENTS ARE DISTINGUISHED BY RETURN CHARACTERISTICS
- 1.5 INVESTMENTS ARE DISTINGUISHED BY METHODS OF ANALYSIS
- 1.6 GOALS OF ALTERNATIVE INVESTING
- 1.7 OVERVIEW OF THIS BOOK
- Chapter 2: The Environment of Alternative Investments
-
Chapter 3: Statistical Foundations
- 3.1 FREQUENCY AND PROBABILITY DISTRIBUTIONS
- 3.2 COMPOUNDING MULTIPLE TIME PERIOD RETURNS
- 3.3 RETURN DISTRIBUTIONS AND AUTOCORRELATION
- 3.4 MOMENTS OF THE DISTRIBUTION: MEAN, VARIANCE, SKEWNESS, AND KURTOSIS
- 3.5 COMPUTING SAMPLE STATISTICS
- 3.6 MORE ON STANDARD DEVIATION AND VARIANCE
- 3.7 TESTING FOR NORMALITY
- 3.8 OTHER MEASURES OF RISK
- 3.9 ESTIMATING VALUE AT RISK (VAR)
- 3.10 TIME SERIES RETURN VOLATILITY MODELS
- 3.11 CONCLUSION
- Chapter 4: Risk, Return, and Benchmarking
- Chapter 5: Correlation, Alternative Returns, and Performance Measurement
- Chapter 6: Alpha and Beta
- Chapter 7: Hypothesis Testing in Alternative Investments
-
Chapter 1: What Is an Alternative Investment?
- PART Two: Real Assets
- PART Three: Hedge Funds
-
PART Four: Commodity
- Chapter 18: Commodity Futures Pricing
-
Chapter 19: Commodities: Applications and Evidence
- 19.1 COMMODITY INVESTING FOR DIVERSIFICATION
- 19.2 COMMODITY INVESTING FOR RETURN ENHANCEMENT
- 19.3 INVESTING IN COMMODITIES WITHOUT FUTURES
- 19.4 COMMODITY EXPOSURE THROUGH FUTURES CONTRACTS
- 19.5 THREE FALLACIES OF ROLL RETURN
- 19.6 COMMODITY FUTURES INDICES
- 19.7 COMMODITY RISKS AND RETURNS
- 19.8 HISTORICAL RISKS AND RETURNS
- PART Five: Private Equity
- PART Six: Structured Products
- PART Seven: Risk Management and Portfolio Management
- Appendix: Data Sources
- Index
Product information
- Title: CAIA Level I: An Introduction to Core Topics in Alternative Investments, 2nd Edition
- Author(s):
- Release date: April 2012
- Publisher(s): Wiley
- ISBN: 9781118250969
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