| Description |
1 online resource (1 volume) : illustrations |
| Series |
CAIA knowledge series |
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CAIA alternative investment analyst series.
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| Contents |
Series; Title Page; Copyright; Preface; TEN YEARS OF CAIA AND ALTERNATIVE INVESTMENTS; THE HISTORY OF CAIA; BENEFITS OF THE CAIA PROGRAM; STUDYING FOR THE CAIA EXAMS; Acknowledgments; About the Authors; Chapter 1: Introduction; 1.1 OUTLINE OF THIS BOOK; 1.2 STUDYING FOR THE CAIA LEVEL II EXAMINATION; PART One: Asset Allocation and Portfolio Management; Chapter 2: The Endowment Model; 2.1 DEFINING ENDOWMENTS AND FOUNDATIONS; 2.2 INTERGENERATIONAL EQUITY, INFLATION, AND SPENDING CHALLENGES; 2.3 THE ENDOWMENT MODEL; 2.4 WHY MIGHT LARGE ENDOWMENTS OUTPERFORM?; 2.5 CONCLUSION |
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Chapter 3: Risk Management for Endowment andFoundation Portfolios3.1 SPENDING RATES AND INFLATION; 3.2 LIQUIDITY ISSUES; 3.3 REBALANCING AND TACTICAL ASSET ALLOCATION; 3.4 TAIL RISK; 3.5 CONCLUSION; Chapter 4: Pension Fund Portfolio Management; 4.1 DEFINED BENEFIT PLANS; 4.2 GOVERNMENTAL SOCIAL SECURITY PLANS; 4.3 DEFINED CONTRIBUTION PLANS; PART Two: Private Equity; Chapter 5: Private Equity Market Landscape; 5.1 MAIN STRATEGIES; 5.2 MAIN DIFFERENCES BETWEEN VENTURE CAPITAL AND BUYOUT; 5.3 PRIVATE EQUITY FUNDS AS INTERMEDIARIES; 5.4 PRIVATE EQUITY FUNDS OF FUNDS AS INTERMEDIARIES |
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5.5 PRIVATE EQUITY FUNDS OF FUNDS VALUE-ADDED5.6 THE RELATIONSHIP LIFE CYCLE BETWEEN LIMITED AND GENERAL PARTNERS; 5.7 THE J-CURVE; 5.8 CONCLUSION; Chapter 6: Private Equity Fund Structure*; 6.1 KEY FEATURES; 6.2 CONFLICTS OF INTEREST; 6.3 FINDING THE BALANCE; Chapter 7: The Investment Process; 7.1 PROCESS DESCRIPTION; 7.2 RISK MANAGEMENT; Chapter 8: Private Equity Portfolio Design; 8.1 THREE APPROACHES TO PRIVATE EQUITY PORTFOLIODESIGN; 8.2 RISK-RETURN MANAGEMENT APPROACHES; 8.3 THE RISK PROFILE OF PRIVATE EQUITY ASSETS; Chapter 9: Fund Manager Selection Process |
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9.1 DETERMINATION OF THE WISH LIST OF FUNDCHARACTERISTICS9.2 DEAL SOURCING; 9.3 DUE DILIGENCE: IMPORTANCE AND LIMITATIONS; 9.4 DECISION AND COMMITMENT; Chapter 10: Measuring Performance and Benchmarking in the Private EquityWorld; 10.1 INDIVIDUAL FUNDS; 10.2 PORTFOLIO OF FUNDS; Chapter 11: Monitoring Private Equity FundInvestments; 11.1 APPROACH TO MONITORING; 11.2 THE MONITORING OBJECTIVES; 11.3 INFORMATION GATHERING IN THE MONITORINGPROCESS; 11.4 ACTIONS RESULTING FROM MONITORING; Chapter 12: Private Equity Fund Valuation; 12.1 NET ASSET VALUE (NAV); 12.2 INTERNAL RATE OF RETURN (IRR) |
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12.3 ECONOMIC VALUE APPROACHChapter 13: Private Equity Fund Discount Rates; 13.1 THE CAPITAL ASSET PRICING MODEL (CAPM); 13.2 PRIVATE EQUITY FUND BETAS; Chapter 14: The Management of Liquidity; 14.1 PRIVATE EQUITY CASH FLOW SCHEDULES; 14.2 SOURCES OF LIQUIDITY; 14.3 INVESTMENT STRATEGIES FOR UNDRAWN CAPITAL; 14.4 CASH FLOW PROJECTIONS; 14.5 OVERCOMMITMENT; 14.6 CONCLUSION; PART Three: Real Assets; Chapter 15: Real Estate as an Investment; 15.1 ATTRIBUTES OF REAL ESTATE; 15.2 ASSET ALLOCATION; 15.3 CATEGORIES OF REAL ESTATE; 15.4 RETURN DRIVERS OF REAL ESTATE |
| Summary |
Associationhas developed two examinations thatare used to certify Chartered Alternative Investment Analysts. TheLevel I curriculum builds a foundation in both traditional and alternative investment markets--for example, the range of statistics that are used to define investment performance as well asthe many types of hedge fund strategies. The readings for the Level II examfocus on the same strategies, but change the context to one of risk management and portfolio optimization. Level II CAIA exam takershave to work through the following agenda: -asset allocation & portfolio oversight -style analysis -risk management -alternative asset securitization -secondary market creation -performance and style attribution -indexation and benchmarking/ul |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
Investments.
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Investment analysis.
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Portfolio management.
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Asset allocation.
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Risk management.
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Investments -- Examinations -- Study guides
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Corporations -- Finance.
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Business enterprises -- Finance.
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portfolios (financial records)
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risk management.
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BUSINESS & ECONOMICS -- Investments & Securities -- General.
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Corporations -- Finance
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Business enterprises -- Finance
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Asset allocation
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Investment analysis
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Investments
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Investments -- Examinations
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Portfolio management
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Risk management
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| Genre/Form |
Study guides
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| Form |
Electronic book
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| Author |
Black, Keith H.
|
|
CAIA Association.
|
| ISBN |
9781118447284 |
|
111844728X |
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