Alternative Investments

by CFA Institute
In stock

Series: CFA Institute Investment Series
Audience: General
Format: Hardcover
Language: English
Number Of Pages: 672
Published: 16th December 2021
Publisher: John Wiley & Sons Inc (US)
Country of Publication: US
Dimensions (cm): 25.5 x 18  x 4.5
Weight (kg): 1.41
Edition Number: 1

The complete guide to alternative investments, from experts working with CFA Institute

Alternative Investments is the definitive guide to understanding non-traditional asset classes. Alternatives are a disparate group of investments that are distinguished from long-only, publicly traded investments in stocks, bonds, and cash (often referred to as traditional investments). Alternative investments include real estate, commodities, infrastructure, and other non-traditional investments such as private equity or debt and hedge funds. They are attractive to investors because of the potential for portfolio diversification resulting in a higher risk-adjusted return for the portfolio.

Alternative Investments and its accompanying workbook (sold separately) lead students and investment professionals through the many characteristics of non-traditional assets, including:

  • Narrow specialization of the investment managers
  • Relatively low correlation of returns with those of traditional investments
  • Less regulation and less transparency than traditional investments
  • Limited historical risk and return data
  • Unique legal and tax considerations
  • Higher fees, often including performance or incentive fees
  • Concentrated portfolios
  • Restrictions on redemptions (i.e. “lockups” and “gates”)

CFA Institute is the world's premier association for investment professionals, and the governing body for the CFA® Program, CIPM® Program, CFA Institute ESG Investing Certificate, and Investment Foundations® Program. Those seeking a deeper understanding of the markets, mechanisms, and use of alternatives will value the level of expertise CFA Institute brings to the discussion, providing a clear, comprehensive resource for students and professionals alike. Whether used alone or in conjunction with the companion workbook, Alternative Investments offers a complete course in alternative investments and their role in investment management.

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