CAIA Level I: An Introduction to Core Topics in Alternative Investments (Wiley Finance Series) - Hardcover

CAIA Association; Anson PhD CFA, Mark J. P.

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9780470447024: CAIA Level I: An Introduction to Core Topics in Alternative Investments (Wiley Finance Series)

Hardcover

ISBN 10: 0470447028 ISBN 13: 9780470447024

Publisher: John Wiley & Sons, 2009

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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 CAIA Level I: An Introduction to Core Topics in Alternative Investments contains all material on alternative investments that a potential Level I candidate would need to know as they prepare for the exam. The information found here will help you build a solid foundation in both traditional and alternative investment markets-for example, the range of statistics that are used to define investment performance as well as the many types of hedge fund strategies. It will also inform CAIA candidates on how to identify and describe aspects of financial markets, develop reasoning skills, and in some cases, make computations necessary to solve business problems.* Contains "need to know" material for Level I candidates and for alternative investment specialists* Addresses all of the unique attributes associated with the alternative investments space* Organized with a study guide outline and learning objectives with key terms, available for free at .caia.org/program/studyguides* Focuses on alternative investments and quantitative techniques used by investment professionals This book is a must-have resource for anyone contemplating taking the CAIA Level I exam.

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From the Back Cover:

CAIA LEVEL I The official reading for the CAIA Level I exam "The book is an excellent blend of theory with practical examples and case studies."—Jane Buchan, Managing Director and CEO, PAAMCO Sponsored by the CAIA Association�, the Chartered Alternative Investment Analyst (CAIA) program consists of a two–tier exam process (Level I and Level II) through which you may earn the CAIA charter. The Level I exam challenges your understanding of the alternative investment market′s tools and terms, and tests your knowledge of various trading strategies and their performance characteristics. CAIA Level I: An Introduction to Core Topics in Alternative Investments contains virtually all the material on alternative investments that potential Level I candidates would need to know as they prepare for the exam. The information found here will provide you with a broad foundation of knowledge related to alternative vehicles such as hedge funds, private equity, commodities and managed futures, and credit derivatives. With this book as your guide, you′ll not only become familiar with the fundamentals of each product, but also discover their unique risk and return attributes. Whether you′re a seasoned professional looking to explore new areas within the alternative investment arena or a new industry participant seeking to establish a solid understanding of alternative investments, CAIA Level I: An Introduction to Core Topics in Alternative Investments is the best way to achieve these goals—and the smartest way to prepare for such a demanding exam. Don′t forget to pick up CAIA Level II: Advanced Core Topics in Alternative Investments to prepare for the second, and final, exam needed to achieve the CAIA charter.

About the Author:

Mark J.P. Anson is the President and Executive Director of Investment Services at Nuveen Investments. Previously, he was the chief executive officer of Hermes Pensions Management Ltd. Before joining Hermes, Anson was the chief investment officer of the $245 billion California Public Employees′ Retirement System (CalPERS)—the largest pension fund in the United States. Anson is the author or coauthor of four financial books, including the Handbook of Alternative Assets (Wiley). He has published over eighty research articles on topics ranging from alpha and beta separation to corporate governance.

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