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We would like to thank the many individuals who played important roles in producing this book. In particular, we owe great thanks to William Kelly, Chief Executive Officer of the CAIA Association, and our committee members:

Curriculum Advisory Council

Stephane Amara, CAIA

Mark Anson, CAIA

Garry Crowder

David McCarthy

Tom Robinson, CAIA

Hilary Till

James Tomeo

Hedge Funds, CTAs, and Fund of Hedge Funds Committee

Jaeson Dubrovay, CAIA

Mark Hutchinson

Kathryn Kaminski, CAIA

Jim Liew

Hamlin Lovell, CAIA

Putri Pascualy

Mark Wiltshire, CAIA

Real Assets (Real Estate, Commodities, Infrastructure, Intellectual Properties, and Natural Resources) Committee

Tom Arnold, CAIA

Andrew Baum

Georg Inderst

Sameer Jain

Tom Johnson, CAIA

David Lynn

George A. Martin

Joelle Miffre

Richard Spurgin

Private Equity and Venture Capital Committee

James Bachman, CAIA

Erik Benrud, CAIA

Douglas Cumming

Ludovic Phalippou

Pierre-Yves Mathonet

Thomas Meyer

Gitanjali M. Swamy

Due Diligence, Risk Management, and Regulation Committee

Gordon Barnes, CAIA

Michal Crowder

Jason Scharfman

Christopher Schelling, CAIA

Sean Gill, CAIA

Tom Kehoe

Danny Santiago, CAIA

Asset Allocation, Endowments, Pension Funds, and Sovereign Funds Committee

Samuel Gallo, CAIA

James T. Gillies, CAIA

Special credit goes to CAIA staff for their valuable contributions in painstakingly bringing the third edition to completion.

CAIA Staff

Beth Rochon, Curriculum Project Manager

Andrew Dunham, Research and Publications Coordinator

Nelson Lacey, Director of Exams

Kathy Champagne, Senior Associate Director Exams Administration

Kristaps Licis, Senior Associate Director of Exams

Outside Editor

Jamie Thaman