<p/><br></br><p><b> About the Book </b></p></br></br>"Alternative Investments: CAIA Level I, 4th Edition is the curriculum book for the Chartered Alternative Investment Analyst (CAIA) Level I professional examination. Covering the fundamentals of the alternative investment space, this book helps you build a foundation in alternative investment markets. You'll look closely at the different types of hedge fund strategies and the range of statistics used to define investment performance as you gain a deep familiarity with alternative investment terms and develop the computational ability to solve investment problems. From strategy characteristics to portfolio management strategies, this book contains the core material you will need to succeed on the CAIA Level I exam. This updated fourth edition tracks to the latest version of the exam, and is accompanied by the following ancillaries: a workbook, study guide, learning objectives, and an ethics handbook"--<p/><br></br><p><b> Book Synopsis </b></p></br></br><p><i>Alternative Investments: CAIA Level I</i>, <i>4th Edition</i> is the curriculum book for the Chartered Alternative Investment Analyst (CAIA) Level I professional examination. Covering the fundamentals of the alternative investment space, this book helps you build a foundation in alternative investment markets. You'll look closely at the different types of hedge fund strategies and the range of statistics used to define investment performance as you gain a deep familiarity with alternative investment terms and develop the computational ability to solve investment problems. From strategy characteristics to portfolio management strategies, this book contains the core material you will need to succeed on the CAIA Level I exam. This updated fourth edition tracks to the latest version of the exam and is accompanied by the following ancillaries: a workbook, study guide, learning objectives, and an ethics handbook.</p><p/><br></br><p><b> From the Back Cover </b></p></br></br><p>Success in the rapidly-evolving area of alternative investments depends on a firm understanding of the concepts, tools, and practices associated with it, as well as an unwavering dedication to professionalism. <i>Alternative Investments: CAIA Level I, Fourth Edition</i> provides a comprehensive introduction to institutional-quality alternative investments and has been designed to serve as a resource for professionals, a textbook for university courses, and as the primary component for Level I of the Charter Program of the Chartered Alternative Investment Analyst (CAIA) Association. <p>CAIA Association's Charter Program addresses the essential needs for professionals entering or advancing in the field of alternative investments. The CAIA Charter is the <i>premier</i> educational designation uniquely tailored to individuals specializing in institutional-quality alternative investments. Covering real assets, hedge funds and managed futures, private equity and private credit, as well as structured products and professional standards and ethics, the CAIA Charter demonstrates one's commitment to professionalism and command of the unique elements of these asset classes. <p>The CAIA Program is comprised of a two-tier exam process (Level I and Level II) through which Candidates may earn the CAIA Charter. The Level I exam assesses understanding of various alternative classes and knowledge of the tools and techniques used to evaluate the risk-return attributes of each one. <p>Written under the direction of the CAIA Association, with insights from many practicing and eminent professionals in this field, <i>Alternative Investments: CAIA Level I</i> best reflects the most current practices in the arena. It contains material on alternative investments that Level I Candidates need to know as they prepare for the exam. With coverage of everything from the characteristics of various strategies within each alternative asset class to portfolio management concepts central to alternative investments, the information found here will help build a solid foundation of knowledge about alternative investments markets. <p><b>This comprehensive resource: </b> <ul> <li>Uses investment analytics to examine each alternative asset class.</li> <li>Examines quantitative techniques used by investment professionals.</li> <li>Addresses the unique attributes associated with the alternative investment space.</li> <li>Is supplemented by study materials available at www.caia.org.</li> </ul> <p>Since its inception in 2002, the CAIA Program's diverse curriculum has benefited a wide array of professionals--from institutional investors, investment advisers, alternative investment fund managers, and administrators, to accountants, lawyers, and academics. <p><b>The CAIA Association</b> is a global professional body dedicated to creating greater alignment, transparency, and education for all investors, with a specific emphasis on alternative investments. A Member-driven organization representing professionals in more than 95 countries, CAIA advocates for the highest ethical standards and provides authoritative, unbiased insight on a broad range of investment strategies and industry issues, key among them being efforts to bring greater diversification to portfolio construction decisions to achieve better long-term investor outcomes.<p/><br></br><p><b> About the Author </b></p></br></br><p><b>DONALD R. CHAMBERS, PhD, CAIA, </b> is Associate Director of Programs at the CAIA Association, Chief Investment Officer of Biltmore Capital Advisors, and Emeritus Professor at Lafayette College in Easton, Pennsylvania. Dr. Chambers previously served as Director of Alternative Investments at Karpus Investment Management. He is a member of the editorial board of the <i>Journal of Alternative Investments.</i> <p><b>MARK J. P. ANSON, PhD, CAIA, CFA, CPA, JD, </b> is Chief Investment Officer for Commonfund. Prior to joining Commonfund, he was the President and Chief Investment Officer of the Bass Family Office-winner of the Family Office of the Year award for 2014-2015. Dr. Anson previously served as President and Executive Director of Investment Services at Nuveen Investments Inc., Chief Executive Officer of both the British Telecom Pension Scheme and its wholly owned asset management company in London, Hermes Pension Management Limited, and Chief Investment Officer at California Public Employees' Retirement System. He has published over 100 research articles in professional journals, has won two Best Paper Awards, is the author of six financial textbooks, and sits on the editorial boards of several financial journals. <p><b>KEITH H. BLACK, PhD, CFA, CAIA, FDP</b> is a managing director at the CAIA Association overseeing content strategy. He was previously an associate at Ennis Knupp and prior, an assistant professor at Illinois Institute of Technology. He is a member of the editorial board of the <i>Journal of Alternative Investments</i>. <p><b>HOSSEIN B. KAZEMI, PhD, CFA, </b> is co-founder of and the Senior Advisor for the CAIA Association. Dr. Kazemi is the Michael and Cheryl Philipp Distinguished Professor of Finance at Isenberg School of Management, the University of Massachusetts Amherst, the Director of the Center for International Securities and Derivatives Markets, and editor of the <i>Journal of Alternative Investments</i> and<i> Alternative Investment Analyst Review.</i>