Alternative Investments: CAIA Level I, 3rd Edition

Preface

Alternative Investments: CAIA Level I is designed as the primary reading resource for the Level I exam of the Chartered Alternative Investment Analyst (CAIA) Association's Charter program, as well as a textbook for university courses and a resource for alternative investment professionals. This book is a thrice-revised edition of Mark Anson's Handbook of Alternative Assets and represents another milestone in our efforts to continuously improve and update the CAIA curriculum. To ensure that the material best reflects up-to-date practices in the area of alternative investments, the CAIA Association invited a group of leading industry professionals to contribute to the production of the series, covering core areas of alternative investments: real assets, hedge funds, private equity, and structured products.

Foundation

Since its inception in 2002, the CAIA Association has striven to be the leader in alternative investment education worldwide, and to be the catalyst for the best education in the field wherever it lies. The CAIA program was established with the help of a core group of faculty and industry experts who were associated with the University of Massachusetts and the Alternative Investment Management Association (AIMA). From the beginning, the CAIA Association recognized that a meaningful portion of its curriculum must be devoted to codes of conduct and ethical behavior in the investment profession. To this end, with the permission and cooperation of the CFA ...