CAIA Practice Questions | 111 Questions with 100% Correct Answers | Verified | 28 Pages

What assets are often characterized as traditional by some and alternatives by others in: hedge funds, private equity, and real assets - Hedge Funds: Liquid alternative mutual funds Private Equity: Closed-end funds with illiquid holdings Real Assets: Public real estate and public equities of corporations with performance dominated by stable positions in real assets 4 major methods of analysis that distinguish the analysis of alternative investments from trad. investments - Return Computation Methods, Statistical Methods, Valuation Methods, Portfolio Management Methods Define investment - Investment is any deferred consumption 4 major types of real assets other than land and other types of real estate - Natural Resources, Commodities, Infrastructure, and IP 4 return characteristics that differentiate trad. and alt investments - Diversification, Illiquidity, Inefficiency, Nonnormality