Pack
Chartered Alternative Investment Analyst (CAIA) Certification Exam Bundle
Chartered Alternative Investment Analyst (CAIA) Certification Exam Bundle
[Montrer plus]Chartered Alternative Investment Analyst (CAIA) Certification Exam Bundle
[Montrer plus]liquid alternatives - Answer Liquid alternatives typically have (1) constraints on permissible investments strategies (for example, liquidity and leverage limits), (2) no incentive fees, (3) less skilled managers as a result of less attractive compensation and limited strategies, and (4) an inabil...
Aperçu 4 sur 33 pages
Ajouter au panierliquid alternatives - Answer Liquid alternatives typically have (1) constraints on permissible investments strategies (for example, liquidity and leverage limits), (2) no incentive fees, (3) less skilled managers as a result of less attractive compensation and limited strategies, and (4) an inabil...
Define investment - Answer Investment is deferred consumption 
 
List the four major types of real assets other than land and other types of real estate. - Answer Natural resources, commodities, infrastructure, and intellectual property. 
 
List the three major types of alternative investments o...
Aperçu 4 sur 94 pages
Ajouter au panierDefine investment - Answer Investment is deferred consumption 
 
List the four major types of real assets other than land and other types of real estate. - Answer Natural resources, commodities, infrastructure, and intellectual property. 
 
List the three major types of alternative investments o...
CAGR - Answer compound annual growth rate 
 
annualized return - Answer (1+HPR)^number of holding periods in one year - 1 
 
multiple hedge fund aggregation - Answer equal weighted approach, asset weighted, and arbitrary weight approach 
 
Performance index - Answer R index = Sum of wi * Ri ...
Aperçu 2 sur 11 pages
Ajouter au panierCAGR - Answer compound annual growth rate 
 
annualized return - Answer (1+HPR)^number of holding periods in one year - 1 
 
multiple hedge fund aggregation - Answer equal weighted approach, asset weighted, and arbitrary weight approach 
 
Performance index - Answer R index = Sum of wi * Ri ...
Absolute Returns - Answer An absolute return standard means that returns are evaluated relative to the riskless rate, or zero, and therefore independently of performance in equity markets, debt markets, or any other markets. 
 
Jarque-Bera test - Answer involves a statistic that is a function of...
Aperçu 2 sur 6 pages
Ajouter au panierAbsolute Returns - Answer An absolute return standard means that returns are evaluated relative to the riskless rate, or zero, and therefore independently of performance in equity markets, debt markets, or any other markets. 
 
Jarque-Bera test - Answer involves a statistic that is a function of...
5th percentile vs 25th percentile performance - Answer 5th percentile managers outperform in every comparison BUT 25th percentile managers' performance is more volatile --> even if 25th percentile managers outperform they tend to mean revert --> demonstrates the perils of choosing managers ...
Aperçu 4 sur 45 pages
Ajouter au panier5th percentile vs 25th percentile performance - Answer 5th percentile managers outperform in every comparison BUT 25th percentile managers' performance is more volatile --> even if 25th percentile managers outperform they tend to mean revert --> demonstrates the perils of choosing managers ...
Chapter 1 What is an Alternative Investment? 
1. Define investment - Answer • Investment is deferred consumption 
 
2. List four major types of real assets other than 
(5) land 
(6) other types of real estate - Answer • Natural resources 
• commodities 
• infrastructure 
• intellectua...
Aperçu 2 sur 6 pages
Ajouter au panierChapter 1 What is an Alternative Investment? 
1. Define investment - Answer • Investment is deferred consumption 
 
2. List four major types of real assets other than 
(5) land 
(6) other types of real estate - Answer • Natural resources 
• commodities 
• infrastructure 
• intellectua...
4 types of alternative assets - Answer Alternatives are defined by inclusion: 
Real Assets 
Hedge Funds 
Private Equity 
Structred products 
 
Real Assets - Answer Direct ownership of non financial assets: 
- natural resources 
- commodities 
- real estate 
- land 
- infrastructure 
- IP (intell...
Aperçu 3 sur 25 pages
Ajouter au panier4 types of alternative assets - Answer Alternatives are defined by inclusion: 
Real Assets 
Hedge Funds 
Private Equity 
Structred products 
 
Real Assets - Answer Direct ownership of non financial assets: 
- natural resources 
- commodities 
- real estate 
- land 
- infrastructure 
- IP (intell...
absolute return products - Answer Absolute return products are investment products viewed as having little or no return correlation with traditional assets, and have investment performance that is often analyzed on an absolute basis rather than relative to the performance of 
traditional investme...
Aperçu 4 sur 131 pages
Ajouter au panierabsolute return products - Answer Absolute return products are investment products viewed as having little or no return correlation with traditional assets, and have investment performance that is often analyzed on an absolute basis rather than relative to the performance of 
traditional investme...
Regulatory Structures - Answer include government regulation and taxation. 
 
Securities structures - Answer include methods of cash flow securitization and the resulting trade-able units. 
 
Trading Structures - Answer Include the development and execution of trading strategies utilized by in...
Aperçu 3 sur 21 pages
Ajouter au panierRegulatory Structures - Answer include government regulation and taxation. 
 
Securities structures - Answer include methods of cash flow securitization and the resulting trade-able units. 
 
Trading Structures - Answer Include the development and execution of trading strategies utilized by in...
'40 Act Funds (Mutual Funds) - Answer Registered investment pools offering their shareholders pro rata claims on the fund's portfolio of assets. 
 
Back Office Operations - Answer Play a supportive role in the maintenance of accounts and information systems used to transmit important market an...
Aperçu 2 sur 8 pages
Ajouter au panier'40 Act Funds (Mutual Funds) - Answer Registered investment pools offering their shareholders pro rata claims on the fund's portfolio of assets. 
 
Back Office Operations - Answer Play a supportive role in the maintenance of accounts and information systems used to transmit important market an...
Compounding - Answer - is the recognition of interest on interest or, more generally, earnings on earnings 
 
Simple Interest - Answer - a quick and easy method of calculating the interest charge on a loan and does not incorporate compounding 
 
Continuous Compounding - Answer - mathematical l...
Aperçu 2 sur 6 pages
Ajouter au panierCompounding - Answer - is the recognition of interest on interest or, more generally, earnings on earnings 
 
Simple Interest - Answer - a quick and easy method of calculating the interest charge on a loan and does not incorporate compounding 
 
Continuous Compounding - Answer - mathematical l...
6 types of private equity - Answer Equity PE 
- venture capital 
- buyouts 
- merchant banking 
Debt PE 
- mezzanine debt (debt / equity hybrid for middle market companies) 
- distressed debt 
- leveraged loans (noninvestment grade LIBOR + 1.25% 
 
Criteria for distressed debt - Answer Equal to ...
Aperçu 2 sur 5 pages
Ajouter au panier6 types of private equity - Answer Equity PE 
- venture capital 
- buyouts 
- merchant banking 
Debt PE 
- mezzanine debt (debt / equity hybrid for middle market companies) 
- distressed debt 
- leveraged loans (noninvestment grade LIBOR + 1.25% 
 
Criteria for distressed debt - Answer Equal to ...
Methods of Analyzing Alts - Answer 1)Return Computation Methods 
2) Statistical Methods 
3)Valuation Methods 
5)Portfolio Management Methods 
 
How does Return Computation Method analysis for alts differ from traditional return computation analysis? - Answer Page 76 
 
How do portfolio manage...
Aperçu 4 sur 44 pages
Ajouter au panierMethods of Analyzing Alts - Answer 1)Return Computation Methods 
2) Statistical Methods 
3)Valuation Methods 
5)Portfolio Management Methods 
 
How does Return Computation Method analysis for alts differ from traditional return computation analysis? - Answer Page 76 
 
How do portfolio manage...
Define continuous compounding - Answer Continuous compouding assumes that earnings can be instantaneously reinvested to generate additional earnings 
 
Define discrete compounding - Answer Discrete compounding inludes any compounding interval other than continuous compounding such as daily, mont...
Aperçu 2 sur 6 pages
Ajouter au panierDefine continuous compounding - Answer Continuous compouding assumes that earnings can be instantaneously reinvested to generate additional earnings 
 
Define discrete compounding - Answer Discrete compounding inludes any compounding interval other than continuous compounding such as daily, mont...
Primary economic role of structuring - Answer Structured securities complete the market - structured to meet all different needs & helps investors prepare for all states of the world 
 
MBS - Answer Mortgage-backed securities - security secured by pool of mortgages (mortgages are the collateral)...
Aperçu 2 sur 9 pages
Ajouter au panierPrimary economic role of structuring - Answer Structured securities complete the market - structured to meet all different needs & helps investors prepare for all states of the world 
 
MBS - Answer Mortgage-backed securities - security secured by pool of mortgages (mortgages are the collateral)...
Module 7 - Structure, Categories & Biases - Answer 90% 
 
How are hedge fund databases populated and what is the implication of that process? 
 
A) Hedge fund managers required to report performance, which allows us to see complete information on hedge fund industry assets 
B) Hedge fund managers ...
Aperçu 2 sur 13 pages
Ajouter au panierModule 7 - Structure, Categories & Biases - Answer 90% 
 
How are hedge fund databases populated and what is the implication of that process? 
 
A) Hedge fund managers required to report performance, which allows us to see complete information on hedge fund industry assets 
B) Hedge fund managers ...
RVHF - Answer attempt to capture alpha through predicting changes in relationships between prices or between rates 
 
Ideally, the combined positions have little net market risk but can profit from short positions in relatively overvalued securities and long positions in relatively undervalued sec...
Aperçu 3 sur 22 pages
Ajouter au panierRVHF - Answer attempt to capture alpha through predicting changes in relationships between prices or between rates 
 
Ideally, the combined positions have little net market risk but can profit from short positions in relatively overvalued securities and long positions in relatively undervalued sec...
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur cracker. Stuvia facilite les paiements au vendeur.
Non, vous n'achetez ce résumé que pour 45,06 €. Vous n'êtes lié à rien après votre achat.
4.6 étoiles sur Google & Trustpilot (+1000 avis)
94314 résumés ont été vendus ces 30 derniers jours
Fondée en 2010, la référence pour acheter des résumés depuis déjà 14 ans