In-depth point II examination instruction direct from the CAIA Association
CAIA point II is the professional examine advisor for the Chartered replacement funding Analyst specialist exam, and an authoritative advisor to operating within the substitute funding sphere. Written by way of the makers of the examination, this e-book presents in-depth tips in the course of the whole examination time table; the extent II options are kind of like point I, yet this time you are going to evaluation them throughout the lens of threat administration and portfolio optimisation. themes contain asset allocation and portfolio oversight, variety research, possibility administration, substitute asset securitisation, secondary industry production, functionality and elegance attribution and indexing and benchmarking, with transparent business enterprise and a logical development as a way to customize your coaching concentration. This new 3rd version has been up to date to align with the most recent examination, and to mirror the present practices within the box.
The CAIA designation used to be built to supply a standardized wisdom base in the course of explosive capital influx into substitute investments. This booklet presents a single-source repository of that crucial info, adapted to these getting ready for the extent II examination.
- Measure, display screen and deal with cash from a hazard administration perspective
- Delve into complex portfolio constructions and optimisation strategies
- Master the nuances of non-public fairness, genuine resources, commodities and hedge funds
- Gain specialist perception into getting ready completely for the CAIA point II exam
The CAIA constitution programme is rigorous and accomplished, and the designation is globally acknowledged because the optimum regular in substitute funding schooling. applicants looking thorough instruction and specified motives of all points of other funding desire glance no additional than CAIA point II.
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Additional info for Alternative Investments: CAIA Level II
The employee and the plan sponsor jointly manage the fund’s assets, in that the sponsor decides on the menu of asset classes available, and the employee decides the asset allocation. The menu of asset classes available to these funds is smaller than both national funds and defined benefit funds. Lumpiness of alternative investments, lack of liquidity, and government regulations typically prevent these funds from investing in a full range of alternative asset classes. Historically, real estate is one alternative asset class that has been available to these funds.
Here we present a simple version of it when there is only one risky asset. , δ > 0), then the fund will hold more of that risky asset. The reason is that the risky asset will help reduce the risk associated with growth in liabilities. For instance, if the liabilities behaved like bonds, then the fund would invest more in fixed-income instruments, as they would reduce the risk of the fund. 002, and the value of liabilities is 20% higher than the value of assets. What will be the optimal weight of the equity allocation?
In particular, privately placed alternative investments are not normally available to these funds. 3 Sovereign Wealth Funds Sovereign wealth funds (SWFs) are funds set by national governments as a way to save and build on a portion of the country’s current income for use by future generations of its citizens. SWFs are similar to national pension funds in the sense that they are owned and managed by national governments, but the goal is not to provide retirement income to the citizens of the country.