CAIA Level I: An Introduction to Core Topics in Alternative Investments

CAIA Association · Mark J. P. Anson

Oct 2009 · John Wiley & Sons

About this ebook

Not to be used after March, 2012 Exams – CAIA Level I, 2nd Edition should be used to prepare for September 2012 Exam.

The official study text for the Level I Chartered Alternative Investment Analyst (CAIA) exam

The Chartered Alternative Investment Analyst (CAIA) designation is the financial industry's first and only globally recognized program that prepares professionals to deal with the ever-growing field of alternative investments. The CAIA Level I: An Introduction to Core Topics in Alternative Investments contains all material on alternative investments that a potential Level I candidate would need to know as they prepare for the exam.

The information found here will help you build a solid foundation in both traditional and alternative investment markets-for example, the range of statistics that are used to define investment performance as well as the many types of hedge fund strategies. It will also inform CAIA candidates on how to identify and describe aspects of financial markets, develop reasoning skills, and in some cases, make computations necessary to solve business problems.

• Contains "need to know" material for Level I candidates and for alternative investment specialists
• Addresses all of the unique attributes associated with the alternative investments space
• Organized with a study guide outline and learning objectives with key terms, available for free at www.caia.org/program/studyguides
• Focuses on alternative investments and quantitative techniques used by investment professionals

This book is a must-have resource for anyone contemplating taking the CAIA Level I exam.

About the author

Mark J.P. Anson is the President and Executive Director of Investment Services at Nuveen Investments. Previously, he was the chief executive officer of Hermes Pensions Management Ltd. Before joining Hermes, Anson was the chief investment officer of the $245 billion California Public Employees' Retirement System (CalPERS)—the largest pension fund in the United States. Anson is the author or coauthor of four financial books, including the Handbook of Alternative Assets (Wiley). He has published over eighty research articles on topics ranging from alpha and beta separation to corporate governance.