Alternative Investments

Zusatztext

<p><b>The complete guide to alternative investments, from experts working with CFA Institute</b></p><p><i>Alternative Investments</i> is the definitive guide to understanding non-traditional asset classes. Alternatives are a disparate group of investments that are distinguished from long-only, publicly traded investments in stocks, bonds, and cash (often referred to as traditional investments). Alternative investments include real estate, commodities, infrastructure, and other non-traditional investments such as private equity or debt and hedge funds. They are attractive to investors because of the potential for portfolio diversification resulting in a higher risk-adjusted return for the portfolio.</p><p><i>Alternative Investments</i> and its accompanying workbook (sold separately) lead students and investment professionals through the many characteristics of non-traditional assets, including:</p><ul><li>Narrow specialization of the investment managers</li><li>Relatively low correlation of returns with those of traditional investments</li><li>Less regulation and less transparency than traditional investments</li><li>Limited historical risk and return data</li><li>Unique legal and tax considerations</li><li>Higher fees, often including performance or incentive fees</li><li>Concentrated portfolios</li><li>Restrictions on redemptions (i.e. lockups and gates)</li></ul><p>CFA Institute is the world's premier association for investment professionals, and the governing body for the CFA<sup>®</sup> Program, CIPM<sup>®</sup> Program, CFA Institute ESG Investing Certificate, and Investment Foundations<sup>®</sup> Program. Those seeking a deeper understanding of the markets, mechanisms, and use of alternatives will value the level of expertise CFA Institute brings to the discussion, providing a clear, comprehensive resource for students and professionals alike. Whether used alone or in conjunction with the companion workbook,<i>Alternative Investments</i> offers a complete course in alternative investments and their role in investment management.</p>

Autorenportrait

<b>CFA Institute</b> is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors interests come first, markets function at their best, and economies grow. CFA Institute has more than 170,000 members in 160+ countries and territories, including 163,000 CFA<sup style="font-family: Arial;">®</sup>; charterholders, and 150+ member societies. For more information, visit www.cfainstitute.org.<strong style="font-family: Arial; font-size: 13.3333px;"><br /></b>

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