CAIA Level II. Advanced Core Topics in Alternative Investments. 2nd Edition

Transcription

1 Brochure More information from CAIA Level II. Advanced Core Topics in Alternative Investments. 2nd Edition Description: "The CAIA certification program is the preeminent course of study for the alternative investment industry. The CAIA Level II book provides additional reference material to extend the knowledge of any investor interested in alternative investments as well as providing a solid foundation to achieve the CAIA certification. It is a critical source book on alternatives that the reader can use as an everyday reference guide." Mark Anson, PhD, CAIA, Managing Partner, Oak Hill Investment Management, LP Sponsored by the CAIA Association, the Chartered Alternative Investment Analyst (CAIA) program consists of a two tier exam process (Level I and Level II) through which you may earn the CAIA Charter. The Level I exam challenges your understanding of the alternative investment market's tools and terms, and tests your knowledge of various trading strategies and performance measurements. The Level II exam assesses how you would apply the knowledge and analytics learned in Level I within an asset allocation framework. CAIA Level II: Advanced Core Topics in Alternative Investments, Second Edition contains the material on alternative investments that potential Level II candidates would need to know as they prepare for the exam a multifaceted assembly of questions and problem solving tasks. Since the tools and terms introduced in Level I provide the basis for the second level of this program, the information found here will continue to focus on alternative investments hedge funds, private equity, commodities, managed futures, and real assets but in greater depth and in the context of risk management and asset allocation. Whether you're a seasoned professional looking to explore new areas within the alternative investment arena or a new industry participant seeking to establish a solid understanding of alternative investments, CAIA Level II: Advanced Core Topics in Alternative Investments, Second Edition is the best way to achieve these goals and the smartest way to prepare for the demanding CAIA Level II exam. Contents: Preface xv Acknowledgments xxi About the Authors xxv CHAPTER 1 Introduction 1 PART ONE Asset Allocation and Portfolio Management CHAPTER 2 The Endowment Model 7 CHAPTER 3 Risk Management for Endowment and Foundation Portfolios 21 CHAPTER 4 Pension Fund Portfolio Management 33 PART TWO Private Equity CHAPTER 5 Private Equity Market Landscape 49 CHAPTER 6 Private Equity Fund Structure 67 CHAPTER 7 The Investment Process 79 CHAPTER 8 Private Equity Portfolio Design 89 CHAPTER 9 Fund Manager Selection Process 107 CHAPTER 10 Measuring Performance and Benchmarking in the Private Equity World 117

2 CHAPTER 11 Monitoring Private Equity Fund Investments 135 CHAPTER 12 Private Equity Fund Valuation 145 CHAPTER 13 Private Equity Fund Discount Rates 151 CHAPTER 14 The Management of Liquidity 161 PART THREE Real Assets CHAPTER 15 Real Estate as an Investment 181 CHAPTER 16 Unsmoothing of Appraisal Based Returns 191 CHAPTER 17 Core, Value Added, and Opportunistic Real Estate 207 CHAPTER 18 Real Estate Indices 221 CHAPTER 19 Public versus Private Real Estate Risks 231 CHAPTER 20 Portfolio Allocation within Real Estate 247 CHAPTER 21 Farmland and Timber Investments 257 CHAPTER 22 Investing in Intellectual Property 279 PART FOUR Commodities CHAPTER 23 Key Concepts in Commodity Market Analysis 301 CHAPTER 24 Role of Commodities in Asset Allocation 315 CHAPTER 25 Methods of Delivering Commodity Alpha 329 CHAPTER 26 Methods of Delivering Commodity Beta: Indices, Swaps, Notes, and Hedge Funds 343 CHAPTER 27 Macroeconomic Determinants of Commodity Futures Returns 363 CHAPTER 28 Effective Risk Management Strategies for Commodity Portfolios 379 PART FIVE Hedge Funds and Managed Futures CHAPTER 29 Structure of the Managed Futures Industry 391 CHAPTER 30 Managed Futures: Strategies and Sources of Return 405 CHAPTER 31 Risk and Performance Analysis in Managed Futures Strategies 427 CHAPTER 32 Structuring Investments in CTAs 453 CHAPTER 33 Hedge Fund Replication 475 CHAPTER 34 Convertible Arbitrage 497 CHAPTER 35 Global Macro and Currency Strategies 521 CHAPTER 36 Fundamental Equity Hedge Fund Strategies 539 CHAPTER 37 Quantitative Equity Hedge Fund Strategies 553 CHAPTER 38 Funds of Hedge Funds 573 CHAPTER 39 Regulation and Compliance 603

3 CHAPTER 40 Operational Due Diligence 617 References 645 Index 665 Ordering: Order Online - Order by Fax - using the form below Order by Post - print the order form below and send to Research and Markets, Guinness Centre, Taylors Lane, Dublin 8,

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