Читать книгу Alternative Investments - Hossein Kazemi - Страница 24

The CAIA curriculum is organized into two levels, with Level I providing a broad introduction to alternative asset classes and the tools and techniques used to evaluate the risk-return attributes of each asset class. Level II concentrates on the skills and knowledge that a portfolio manager or an asset allocator must possess to manage an institutional-quality portfolio with both traditional and alternative assets.

Thus, Level I focuses on understanding each category of alternative investments and the methods for analyzing each. Level I also provides an introduction to portfolio allocation and management as a foundation for the more advanced treatments covered in Level II. This book has been written with the expectation that readers have a moderate background in traditional investments and quantitative techniques. In some places, a Foundation Check is inserted to alert readers to particular content that is necessary background for the ensuing material. Readers may find the following sources useful in obtaining background information: Quantitative Investment Analysis by DeFusco, McLeavey, Pinto, and Runkle (John Wiley & Sons, 2nd edition, 2007) and Investments by Bodie, Kane, and Marcus (McGraw-Hill, 10th global edition, 2014).

This book is organized into six parts:

Part 1 introduces foundational material for alternative investments.

Parts 2–5 cover the four categories of alternative investments in the CAIA curriculum by providing extensive introductions to each:

Part 2: Real Assets

Part 3: Hedge Funds

Part 4: Private Equity

Part 5: Structured Products

Part 6 introduces portfolio and risk management concepts central to alternative investments. These concepts are covered from the perspective of both managing a portfolio of alternative investments and adding alternative investments to a portfolio of traditional investments.