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![Alternative Investments: CAIA Level I (Wiley Finance) by [Donald R. Chambers, Mark J. P. Anson, Keith H. Black, Hossein B. Kazemi, CAIA Association]](https://m.media-amazon.com/images/I/51Q08J21ViL._SY346_.jpg)
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Alternative Investments: CAIA Level I (Wiley Finance) 4th Edition, Kindle Edition
Donald R. Chambers (Author) Find all the books, read about the author and more. See search results for this author |
Keith H. Black (Author) Find all the books, read about the author and more. See search results for this author |
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Alternative Investments: CAIA Level I, 4th Edition is the curriculum book for the Chartered Alternative Investment Analyst (CAIA) Level I professional examination. Covering the fundamentals of the alternative investment space, this book helps you build a foundation in alternative investment markets. You'll look closely at the different types of hedge fund strategies and the range of statistics used to define investment performance as you gain a deep familiarity with alternative investment terms and develop the computational ability to solve investment problems. From strategy characteristics to portfolio management strategies, this book contains the core material you will need to succeed on the CAIA Level I exam. This updated fourth edition tracks to the latest version of the exam and is accompanied by the following ancillaries: a workbook, study guide, learning objectives, and an ethics handbook.
- ISBN-13978-1119604143
- Edition4th
- PublisherWiley
- Publication dateMarch 16 2020
- LanguageEnglish
- File size11830 KB
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Product description
From the Inside Flap
Success in the rapidly-evolving area of alternative investments depends on a firm understanding of the concepts, tools, and practices associated with it, as well as an unwavering dedication to professionalism. Alternative Investments: CAIA Level I, Fourth Edition provides a comprehensive introduction to institutional-quality alternative investments and has been designed to serve as a resource for professionals, a textbook for university courses, and as the primary component for Level I of the Charter Program of the Chartered Alternative Investment Analyst (CAIA) Association.
CAIA Association's Charter Program addresses the essential needs for professionals entering or advancing in the field of alternative investments. The CAIA Charter is the premier educational designation uniquely tailored to individuals specializing in institutional-quality alternative investments. Covering real assets, hedge funds and managed futures, private equity and private credit, as well as structured products and professional standards and ethics, the CAIA Charter demonstrates one's commitment to professionalism and command of the unique elements of these asset classes.
The CAIA Program is comprised of a two-tier exam process (Level I and Level II) through which Candidates may earn the CAIA Charter. The Level I exam assesses understanding of various alternative classes and knowledge of the tools and techniques used to evaluate the risk-return attributes of each one.
Written under the direction of the CAIA Association, with insights from many practicing and eminent professionals in this field, Alternative Investments: CAIA Level I best reflects the most current practices in the arena. It contains material on alternative investments that Level I Candidates need to know as they prepare for the exam. With coverage of everything from the characteristics of various strategies within each alternative asset class to portfolio management concepts central to alternative investments, the information found here will help build a solid foundation of knowledge about alternative investments markets.
This comprehensive resource:
- 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.
- Is supplemented by study materials available at www.caia.org.
Since its inception in 2002, the CAIA Program's diverse curriculum has benefited a wide array of professionalsfrom institutional investors, investment advisers, alternative investment fund managers, and administrators, to accountants, lawyers, and academics.
The CAIA Association is a global professional body dedicated to creating greater alignment, transparency, and education for all investors, with a specific emphasis on alternative investments. A Member-driven organization representing professionals in more than 95 countries, CAIA advocates for the highest ethical standards and provides authoritative, unbiased insight on a broad range of investment strategies and industry issues, key among them being efforts to bring greater diversification to portfolio construction decisions to achieve better long-term investor outcomes.
--This text refers to the hardcover edition.From the Back Cover
Alternative Investments: CAIA Level I
The official reading for the CAIA Level I exam
"As the array of offerings continues to grow in the world of alternative investments, many asset classes have morphed more into industries, accompanied by a widening breadth of risk profiles and performance dispersion. Value will accrue to the astute and patient investor, and the CAIA Level I curriculum is an outstanding source for needed education."
Elena Manola-Bonthond, PhD, CAIA, Chief Investment Officer, CERN Pension Fund
"We have seen extraordinary interest and growth in alternative risk premia over the last decade. Investors continue to either seek better risk-adjusted returns through a widening set of uncorrelated offerings, or to access an asset class or strategy that is expected to produce higher absolute returns in the current low-yield environment. Regardless of motivation, financial education has never been more important, and the CAIA Association Level I textbook is an essential read for all investors."
Valerie Sill, CFA, CAIA, President and Chief Executive Officer, Dupont Capital Management
"While the first hedge fund may have been formed 80 years ago, wider institutional adoption of these and other alternative investments has mainly been a feature of the most recent 20 years. The CAIA Association and their important educational mandate is ever more relevant in this Fourth Edition text. It is essential foundational reading for investment professionals who wish to succeed in today's complex world."
David George, CFA, CAIA, Deputy Chief Investment Officer, Public Markets, Future Fund Management Agency
Seasoned professionals looking to explore new areas within the alternative investment arena, as well as new industry participants seeking to establish a solid understanding of alternative investments, will find that Alternative Investments: CAIA Level I is the best way to achieve these goals, and the smartest way to prepare for the CAIA Level I exam.
--This text refers to the hardcover edition.About the Author
DONALD R. CHAMBERS, PhD, CAIA, is Associate Director of Programs at the CAIA Association, Chief Investment Officer of Biltmore Capital Advisors, and Emeritus Professor at Lafayette College in Easton, Pennsylvania. 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.
MARK J. P. ANSON, PhD, CAIA, CFA, CPA, JD, is Chief Investment Officer for Commonfund. Prior to joining Commonfund, he was the President and Chief Investment Officer of the Bass Family Officewinner of the Family Office of the Year award for 2014-2015. Dr. Anson previously served as President and Executive Director of Investment Services at Nuveen Investments Inc., Chief Executive Officer of both the British Telecom Pension Scheme and its wholly owned asset management company in London, Hermes Pension Management Limited, and Chief Investment Officer at California Public Employees' Retirement System. He has published over 100 research articles in professional journals, has won two Best Paper Awards, is the author of six financial textbooks, and sits on the editorial boards of several financial journals.
KEITH H. BLACK, PhD, CFA, CAIA, FDP is a managing director at the CAIA Association overseeing content strategy. He was previously an associate at Ennis Knupp and prior, an assistant professor at Illinois Institute of Technology. He is a member of the editorial board of the Journal of Alternative Investments.
HOSSEIN B. KAZEMI, PhD, CFA, is co-founder of and the Senior Advisor for the CAIA Association. Dr. Kazemi is the Michael and Cheryl Philipp Distinguished Professor of Finance at Isenberg School of Management, the University of Massachusetts Amherst, the Director of the Center for International Securities and Derivatives Markets, and editor of the Journal of Alternative Investments and Alternative Investment Analyst Review.
--This text refers to the hardcover edition.Product details
- ASIN : B085W93JZ6
- Publisher : Wiley; 4th edition (March 16 2020)
- Language : English
- File size : 11830 KB
- Text-to-Speech : Enabled
- Screen Reader : Supported
- Enhanced typesetting : Enabled
- X-Ray : Not Enabled
- Word Wise : Enabled
- Print length : 882 pages
- Best Sellers Rank: #534,060 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
About the authors
Donald R. Chambers is the associate director of programs at CAIA Association, Emeritus Professor of Finance at Lafayette College, and a CIO at Biltmore Capital Advisors. Don's prior academic positions were at Rochester Institute of Technology, Penn State University, University of Baltimore, and the University of North Carolina at Chapel Hill. He received a BS in accounting from Binghamton University and a PhD in finance from the University of North Carolina at Chapel Hill. Don writes mostly on investments, but strayed into political economics with his latest work book - Freedom First: Brief Readings on Liberty, Peace and Prosperity.
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