CAIA Level I An Introduction to Core Topics in Alternative Investments 2nd Edition by Mark Anson 9781118282991 111828299X

CAIA Level I An Introduction to Core Topics in Alternative Investments 2nd Edition by Mark Anso – Ebook PDF Instant Download/Delivery: 9781118282991, 111828299X

Full dowload CAIA Level I An Introduction to Core Topics in Alternative Investments 2nd Edition after payment

Product details:

• ISBN 10: 111828299X

• ISBN 13: 9781118282991

• Author: Mark Anso

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 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 classExamines quantitative techniques used by investment professionalsAddresses the unique attributes associated with the alternative investment spaceOffers an online study guide outlining learning objectives and keywordsThis 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.

CAIA Level I An Introduction to Core Topics in Alternative Investments 2nd Table of contents:

 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
2.1 THE PARTICIPANTS
2.2 FINANCIAL MARKETS
2.3 REGULATIONS
2.4 TAXATION
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
4.1 BENCHMARKING
4.2 ASSET PRICING MODELS
4.3 THREE METHODS OF MODELS
4.4 CROSS-SECTIONAL VERSUS TIME-SERIES MODELS
4.5 SINGLE-FACTOR AND EX ANTE ASSET PRICING
4.6 EMPIRICAL ANALYSES WITH THE CAPM
4.7 MULTIFACTOR MODELS
4.8 ALTERNATIVE ASSET BENCHMARKING
4.9 CONCLUSION
Chapter 5: Correlation, Alternative Returns, and Performance Measurement
5.1 CORRELATION
5.2 INTERNAL RATE OF RETURN
5.3 PROBLEMS WITH IRR
5.4 RETURNS BASED ON NOTIONAL PRINCIPAL
5.5 DISTRIBUTION OF CASH WATERFALL
5.6 PERFORMANCE MEASURES
Chapter 6: Alpha and Beta
6.1 OVERVIEW OF BETA AND ALPHA
6.2 EX ANTE VERSUS EX POST ALPHA
6.3 INFERRING EX ANTE ALPHA FROM EX POST ALPHA
6.4 RETURN ATTRIBUTION
6.5 EX ANTE ALPHA ESTIMATION AND PERSISTENCE
6.6 RETURN DRIVERS
6.7 SUMMARY OF ALPHA AND BETA ANALYSIS
Chapter 7: Hypothesis Testing in Alternative Investments
7.1 FOUR STEPS OF HYPOTHESIS TESTING
7.2 A TEST ASSUMING NORMALITY
7.3 TESTS WITH INFERENTIAL STATISTICS
7.4 SAMPLING AND TESTING PROBLEMS
7.5 CUMULATIVE RETURNS AND PERFORMANCE
7.6 STATISTICAL ISSUES IN ANALYZING ALPHA AND BETA
7.7 SUMMARY OF ALPHA AND BETA ESTIMATION
7.8 CONCLUSION
PART Two: Real Assets
Chapter 8: Land, Infrastructure, and Intangible Real Assets
8.1 LAND
8.2 TIMBER AND TIMBERLAND
8.3 FARMLAND
8.4 INFRASTRUCTURE
8.5 INTELLECTUAL PROPERTY
8.6 VALUATION AND VOLATILITY
8.7 HISTORICAL RISKS AND RETURNS
Chapter 9: Real Estate Fixed-Income Investments
9.1 RESIDENTIAL MORTGAGES
9.2 COMMERCIAL MORTGAGES
9.3 MORTGAGE-BACKED SECURITIES MARKET
9.4 COLLATERALIZED MORTGAGE OBLIGATIONS
9.5 REAL ESTATE INVESTMENT TRUSTS
9.6 RISKS AND RETURNS OF MORTGAGE REITS
Chapter 10: Real Estate Equity Investments
10.1 REAL ESTATE DEVELOPMENT
10.2 VALUATION AND RISKS OF REAL ESTATE EQUITY
10.3 ALTERNATIVE REAL ESTATE INVESTMENT VEHICLES
10.4 REAL ESTATE AND DEPRECIATION
10.5 REAL ESTATE EQUITY RISKS AND RETURNS
10.6 RISKS AND RETURNS OF EQUITY REITs
PART Three: Hedge Funds
Chapter 11: Introduction to Hedge Funds
11.1 DISTINGUISHING HEDGE FUNDS
11.2 HEDGE FUND TYPES
11.3 HEDGE FUND FEES
11.4 CONCLUSION
Chapter 12: Hedge Fund Returns and Asset Allocation
12.1 DESCRIBING THE HEDGE FUND UNIVERSE
12.2 MEAN, VARIANCE, SKEWNESS, AND KURTOSIS OF STRATEGIES
12.3 CATEGORIZING HEDGE FUND STRATEGIES
12.4 SHOULD HEDGE FUNDS BE PART OF AN INVESTMENT PROGRAM?
12.5 DO HEDGE FUNDS UNDERMINE THE FINANCIAL MARKETS?
12.6 HEDGE FUND INDICES
12.7 CONCLUSION
Chapter 13: Macro and Managed Futures Funds
13.1 MAJOR DISTINCTIONS BETWEEN STRATEGIES
13.2 GLOBAL MACRO
13.3 RETURNS OF MACRO INVESTING
13.4 MANAGED FUTURES
13.5 SYSTEMATIC TRADING
13.6 SYSTEMATIC TRADING STYLES
13.7 PRIOR EMPIRICAL RESEARCH
13.8 CONCLUSION
13.9 ANALYSIS OF HISTORICAL RETURNS CONCLUSION
Chapter 14: Event-Driven Hedge Funds
14.1 THE SOURCES OF MOST EVENT STRATEGY RETURNS
14.2 ACTIVIST INVESTING
14.3 MERGER ARBITRAGE
14.4 DISTRESSED SECURITIES FUNDS
14.5 EVENT-DRIVEN MULTISTRATEGY FUNDS
Chapter 15: Relative Value Hedge Funds
15.1 CONVERTIBLE BOND ARBITRAGE
15.2 VOLATILITY ARBITRAGE
15.3 FIXED-INCOME ARBITRAGE
15.4 RELATIVE VALUE MULTISTRATEGY FUNDS
Chapter 16: Equity Hedge Funds
16.1 SOURCES OF RETURN
16.2 MARKET ANOMALIES
16.3 THE FUNDAMENTAL LAW OF ACTIVE MANAGEMENT
16.4 IMPLEMENTING ANOMALY STRATEGIES
16.5 THE THREE EQUITY STRATEGIES
16.6 CONCLUSION
Chapter 17: Funds of Hedge Funds
17.1 BENEFITS AND COSTS OF DIVERSIFICATION
17.2 INVESTING IN MULTISTRATEGY FUNDS
17.3 INVESTING IN FUNDS OF HEDGE FUNDS
17.4 FUND OF FUNDS HISTORICAL RETURNS
17.5 CONCLUSION
PART Four: Commodity
Chapter 18: Commodity Futures Pricing
18.1 FORWARD AND FUTURES CONTRACTS
18.2 ROLLING CONTRACTS
18.3 THE TERM STRUCTURE OF FORWARD PRICES
18.4 BACKWARDATION AND CONTANGO
18.5 RETURNS ON FUTURES CONTRACTS
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
Chapter 20: Introduction to Private Equity
20.1 PRIVATE EQUITY TERMINOLOGY AND BACKGROUND
20.2 PRIVATE EQUITY AS EQUITY SECURITIES
20.3 PRIVATE EQUITY AS DEBT SECURITIES
20.4 TRENDS AND INNOVATIONS IN PRIVATE EQUITY
Chapter 21: Equity Types of Private Equity
21.1 VENTURE CAPITAL VERSUS LBO
21.2 THE UNDERLYING BUSINESSES OF VENTURE CAPITAL
21.3 VENTURE CAPITAL FUNDS
21.4 VENTURE CAPITAL RISKS AND RETURNS
21.5 LEVERAGED BUYOUTS (LBO)
21.6 LEVERAGED BUYOUT RISKS AND RETURNS
Chapter 22: Debt Types of Private Equity
22.1 MEZZANINE DEBT
22.2 DISTRESSED DEBT
22.3 RISKS OF DISTRESSED DEBT INVESTING
PART Six: Structured Products
Chapter 23: Credit Risk and the Structuring of Cash Flows
23.1 AN OVERVIEW OF CREDIT RISK
23.2 MODELING CREDIT RISK
23.3 STRUCTURAL MODEL APPROACH TO CREDIT RISK
23.4 REDUCED-FORM MODEL APPROACH TO CREDIT RISK
23.5 STRUCTURING USING COLLATERALIZED DEBT OBLIGATIONS
23.6 CONCLUSION
Chapter 24: Credit Derivatives
24.1 CREDIT DERIVATIVE MARKETS
24.2 CREDIT DEFAULT SWAPS
24.3 OTHER CREDIT DERIVATIVES
24.4 RISKS OF CREDIT DERIVATIVES
24.5 CONCLUSION
Chapter 25: Collateralized Debt Obligations
25.1 INTRODUCTION TO COLLATERALIZED DEBT OBLIGATIONS
25.2 BALANCE SHEET CDOS VERSUS ARBITRAGE CDOS
25.3 CASH-FUNDED CDOS VERSUS SYNTHETIC CDOS
25.4 CASH FLOW CDOS VERSUS MARKET VALUE CDOS
25.5 CREDIT RISK AND ENHANCEMENTS
25.6 NEW DEVELOPMENTS IN CDOS
25.7 RISKS OF CDOS
PART Seven: Risk Management and Portfolio Management
Chapter 26: Lessons from Hedge Fund Failures
26.1 PROBLEMS DRIVEN BY MARKET LOSSES
26.2 FAILURES DRIVEN BY FRAUD
26.3 CONCLUSION
Chapter 27: Risk Analysis
27.1 INVESTMENT STRATEGY RISKS
27.2 MARKET RISK
27.3 OPERATIONAL RISK
27.4 INVESTMENT PROCESS RISK
27.5 CONTROLLING OPERATIONAL RISK
27.6 AGGREGATING THE RISKS OF A FUND
27.7 PORTFOLIOS WITH OPTIONS
27.8 CONCLUSION
Chapter 28: Due Diligence of Fund Managers
28.1 SCREENING WITH THREE FUNDAMENTAL QUESTIONS
28.2 STRUCTURAL REVIEW
28.3 STRATEGIC REVIEW
28.4 ADMINISTRATIVE REVIEW
28.5 PERFORMANCE REVIEW
28.6 PORTFOLIO RISK REVIEW
28.7 LEGAL REVIEW
28.8 REFERENCE CHECKS
28.9 MEASURING OPERATIONAL RISK
Chapter 29: Regression, Multivariate, and Nonlinear Methods
29.1 SINGLE-FACTOR MODELS AND REGRESSION
29.2 MULTIPLE-FACTOR MODELS AND REGRESSION
29.3 NONLINEAR RETURNS
29.4 CHANGING CORRELATION
29.5 APPLICATIONS OF MULTIFACTOR MODELS
29.6 HEDGE FUND PERFORMANCE PERSISTENCE
Chapter 30: Portfolio Optimization and Risk Parity
30.1 MEAN-VARIANCE PORTFOLIO OPTIMIZATION
30.2 COMPLICATIONS TO MEAN-VARIANCE OPTIMIZATION
30.3 RISK BUDGETING
30.4 RISK PARITY
Chapter 31: Portfolio Management, Alpha, and Beta
31.1 THE ESTIMATION OF ALPHA AND BETA
31.2 THE SEPARATION OF ALPHA AND BETA
31.3 PORTABLE ALPHA
31.4 ALPHA, BETA, AND PORTFOLIO ALLOCATION
31.5 CONCLUSION

People also search for CAIA Level I An Introduction to Core Topics in Alternative Investments 2nd:

caia level i an introduction to core
    
caia level ii curriculum
    
caia level i
    
caia level 1 curriculum
    
caia level 2 constructed response