Alternative Investments: CAIA Level I by Donald R. Chambers, Mark J. P. Anson, Visit Amazon's Keith

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 professional CAIA point 1 curriculum book

Alternative Investments: CAIA point I, third variation is the curriculum ebook for the Chartered replacement funding Analyst (CAIA) point I expert exam. masking the basics of the choice funding house, this ebook is helping you construct a origin in  alternative funding markets. you will glance heavily on the forms of hedge fund concepts and the variety of records used to outline funding functionality as you achieve a deep familiarity with substitute funding phrases and strengthen the computational skill to unravel funding difficulties. From method features to portfolio administration options, this e-book comprises the center fabric it is important to prevail at the CAIA point I examination. This up-to-date 3rd version tracks to the most recent model of the examination, and is observed via the subsequent ancillaries: a workbook, examine advisor, studying ambitions, 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 constructed in accordance with the large development of other making an investment, and is the industry's greatest academic average. This booklet is your professional examine spouse, bringing you totally up to the mark on every thing you must comprehend (with the exception of the ethics fabric coated in a separate handbook).

  • Understand the complexities of every substitute asset class
  • Learn the quantitative recommendations pros use each day
  • Dig into the original features of different investments
  • Master the center fabric lined by means of the CAIA point I exam

More than three hundred monetary associations and hedge cash have dedicated key executives to the CAIA examination, and this swiftly starting to be pattern speaks to the designation's emerging prestige as essential credential for someone within the replacement funding sphere. raise your possibilities of luck through getting your details instantly from the resource in CAIA point I.

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Example text

For example, hedge funds (but not their managers) are often less regulated and typically must be formed in particular ways to avoid higher levels of regulation. Taxation is What Is an Alternative Investment? 2. 3. 4. 5. 11 another important feature of government influence that can motivate the existence of some investment products and plays a major role in the transformation of underlying asset cash flows into investment products. Securities structure refers to the structuring of cash flows through leverage and securitization.

Pure arbitrage is the attempt to earn risk-free profits through the simultaneous purchase and sale of identical positions trading at different prices in different markets. Modern finance often 20 INTRODUCTION TO ALTERNATIVE INVESTMENTS derives pricing relationships based on the idea that the actions of arbitrageurs will force the prices of identical assets toward being equal, such that pure arbitrage opportunities do not exist or at least do not persist. Chapter 6 provides details on arbitragefree modeling.

4. Fund investors may suffer adverse consequences from other investors’ redemptions (withdrawals) and subscriptions (deposits), but an SMA provides protection from these liquidity issues for its only investor. 5. Whereas the fund structure may allow investors to have limited liability, the SMA format may allow losses to be greater than the capital contribution when leverage or derivatives are used. From an investor’s perspective, the advantages of the first four distinctions typically outweigh the disadvantages of the last distinction.

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