In-depth Level II exam preparation direct from the CAIA Association CAIA Level II is the official study guide for the Chartered Alternative Investment Analyst professional examination, and an authoritative guide to working in the alternative investment sphere. Written by the makers of the exam, this book provides in-depth guidance through the entire exam agenda; the Level II strategies are the same as Level I, but this time you'll review them through the lens of risk management and portfolio optimisation. Topics include asset allocation and portfolio oversight, style analysis, risk management, alternative asset securitisation, secondary market creation, performance and style attribution and indexing and benchmarking, with clear organisation and a logical progression that allows you to customise your preparation focus. This new third edition has been updated to align with the latest exam, and to reflect the current practices in the field.
The CAIA designation was developed to provide a standardized knowledge base in the midst of explosive capital inflow into alternative investments. This book provides a single-source repository of that essential information, tailored to those preparing for the Level II exam.
- Measure, monitor and manage funds from a risk management perspective
- Delve into advanced portfolio structures and optimisation strategies
- Master the nuances of private equity, real assets, commodities and hedge funds
- Gain expert insight into preparing thoroughly for the CAIA Level II exam
The CAIA Charter programme is rigorous and comprehensive, and the designation is globally recognised as the highest standard in alternative investment education. Candidates seeking thorough preparation and detailed explanations of all aspects of alternative investment need look no further than CAIA Level II.
HOSSEIN B. KAZEMI, PhD, is a 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 Journal of Alternative Invest-ments and Alternative Investment Analyst Review.
KEITH H. BLACK, PhD, CAIA, is a Managing Director at the CAIA Association, overseeing curriculum and exam development for the Association. He was previously an associate at Ennis Knupp and, before that, an assistant professor at Illinois Institute of Technology. He is a member of the editorial board of the Journal of Alternative Investments.
DONALD R. CHAMBERS, PhD, CAIA, is Associ-ate Director of Programs at the CAIA Association and the Walter E. Hanson/KPMG Professor of Finance at Lafayette College in Easton, Pennsylvania. Dr. Chambers currently serves as the CIO for Biltmore Capital Advisors and served as the Director of Alternative investments at Karpus Investment Management. He is a member of the editorial board of the Journal of Alternative Investments.
