Package deal
Chartered Alternative Investment Analyst (CAIA) Tests Bundle
Chartered Alternative Investment Analyst (CAIA) Tests Bundle
[Show more]Chartered Alternative Investment Analyst (CAIA) Tests Bundle
[Show more]RVHF - Answer attempt to capture alpha through predicting changes in relationships between prices or between rates 
 
Ideally, the combined positions have little net market risk but can profit from short positions in relatively overvalued securities and long positions in relatively undervalued sec...
Preview 3 out of 22 pages
Add to cartRVHF - Answer attempt to capture alpha through predicting changes in relationships between prices or between rates 
 
Ideally, the combined positions have little net market risk but can profit from short positions in relatively overvalued securities and long positions in relatively undervalued sec...
Module 7 - Structure, Categories & Biases - Answer 90% 
 
How are hedge fund databases populated and what is the implication of that process? 
 
A) Hedge fund managers required to report performance, which allows us to see complete information on hedge fund industry assets 
B) Hedge fund managers ...
Preview 2 out of 13 pages
Add to cartModule 7 - Structure, Categories & Biases - Answer 90% 
 
How are hedge fund databases populated and what is the implication of that process? 
 
A) Hedge fund managers required to report performance, which allows us to see complete information on hedge fund industry assets 
B) Hedge fund managers ...
Primary economic role of structuring - Answer Structured securities complete the market - structured to meet all different needs & helps investors prepare for all states of the world 
 
MBS - Answer Mortgage-backed securities - security secured by pool of mortgages (mortgages are the collateral)...
Preview 2 out of 9 pages
Add to cartPrimary economic role of structuring - Answer Structured securities complete the market - structured to meet all different needs & helps investors prepare for all states of the world 
 
MBS - Answer Mortgage-backed securities - security secured by pool of mortgages (mortgages are the collateral)...
Define continuous compounding - Answer Continuous compouding assumes that earnings can be instantaneously reinvested to generate additional earnings 
 
Define discrete compounding - Answer Discrete compounding inludes any compounding interval other than continuous compounding such as daily, mont...
Preview 2 out of 6 pages
Add to cartDefine continuous compounding - Answer Continuous compouding assumes that earnings can be instantaneously reinvested to generate additional earnings 
 
Define discrete compounding - Answer Discrete compounding inludes any compounding interval other than continuous compounding such as daily, mont...
Methods of Analyzing Alts - Answer 1)Return Computation Methods 
2) Statistical Methods 
3)Valuation Methods 
5)Portfolio Management Methods 
 
How does Return Computation Method analysis for alts differ from traditional return computation analysis? - Answer Page 76 
 
How do portfolio manage...
Preview 4 out of 44 pages
Add to cartMethods of Analyzing Alts - Answer 1)Return Computation Methods 
2) Statistical Methods 
3)Valuation Methods 
5)Portfolio Management Methods 
 
How does Return Computation Method analysis for alts differ from traditional return computation analysis? - Answer Page 76 
 
How do portfolio manage...
6 types of private equity - Answer Equity PE 
- venture capital 
- buyouts 
- merchant banking 
Debt PE 
- mezzanine debt (debt / equity hybrid for middle market companies) 
- distressed debt 
- leveraged loans (noninvestment grade LIBOR + 1.25% 
 
Criteria for distressed debt - Answer Equal to ...
Preview 2 out of 5 pages
Add to cart6 types of private equity - Answer Equity PE 
- venture capital 
- buyouts 
- merchant banking 
Debt PE 
- mezzanine debt (debt / equity hybrid for middle market companies) 
- distressed debt 
- leveraged loans (noninvestment grade LIBOR + 1.25% 
 
Criteria for distressed debt - Answer Equal to ...
Compounding - Answer - is the recognition of interest on interest or, more generally, earnings on earnings 
 
Simple Interest - Answer - a quick and easy method of calculating the interest charge on a loan and does not incorporate compounding 
 
Continuous Compounding - Answer - mathematical l...
Preview 2 out of 6 pages
Add to cartCompounding - Answer - is the recognition of interest on interest or, more generally, earnings on earnings 
 
Simple Interest - Answer - a quick and easy method of calculating the interest charge on a loan and does not incorporate compounding 
 
Continuous Compounding - Answer - mathematical l...
'40 Act Funds (Mutual Funds) - Answer Registered investment pools offering their shareholders pro rata claims on the fund's portfolio of assets. 
 
Back Office Operations - Answer Play a supportive role in the maintenance of accounts and information systems used to transmit important market an...
Preview 2 out of 8 pages
Add to cart'40 Act Funds (Mutual Funds) - Answer Registered investment pools offering their shareholders pro rata claims on the fund's portfolio of assets. 
 
Back Office Operations - Answer Play a supportive role in the maintenance of accounts and information systems used to transmit important market an...
Regulatory Structures - Answer include government regulation and taxation. 
 
Securities structures - Answer include methods of cash flow securitization and the resulting trade-able units. 
 
Trading Structures - Answer Include the development and execution of trading strategies utilized by in...
Preview 3 out of 21 pages
Add to cartRegulatory Structures - Answer include government regulation and taxation. 
 
Securities structures - Answer include methods of cash flow securitization and the resulting trade-able units. 
 
Trading Structures - Answer Include the development and execution of trading strategies utilized by in...
absolute return products - Answer Absolute return products are investment products viewed as having little or no return correlation with traditional assets, and have investment performance that is often analyzed on an absolute basis rather than relative to the performance of 
traditional investme...
Preview 4 out of 131 pages
Add to cartabsolute return products - Answer Absolute return products are investment products viewed as having little or no return correlation with traditional assets, and have investment performance that is often analyzed on an absolute basis rather than relative to the performance of 
traditional investme...
4 types of alternative assets - Answer Alternatives are defined by inclusion: 
Real Assets 
Hedge Funds 
Private Equity 
Structred products 
 
Real Assets - Answer Direct ownership of non financial assets: 
- natural resources 
- commodities 
- real estate 
- land 
- infrastructure 
- IP (intell...
Preview 3 out of 25 pages
Add to cart4 types of alternative assets - Answer Alternatives are defined by inclusion: 
Real Assets 
Hedge Funds 
Private Equity 
Structred products 
 
Real Assets - Answer Direct ownership of non financial assets: 
- natural resources 
- commodities 
- real estate 
- land 
- infrastructure 
- IP (intell...
Chapter 1 What is an Alternative Investment? 
1. Define investment - Answer • Investment is deferred consumption 
 
2. List four major types of real assets other than 
(5) land 
(6) other types of real estate - Answer • Natural resources 
• commodities 
• infrastructure 
• intellectua...
Preview 2 out of 6 pages
Add to cartChapter 1 What is an Alternative Investment? 
1. Define investment - Answer • Investment is deferred consumption 
 
2. List four major types of real assets other than 
(5) land 
(6) other types of real estate - Answer • Natural resources 
• commodities 
• infrastructure 
• intellectua...
5th percentile vs 25th percentile performance - Answer 5th percentile managers outperform in every comparison BUT 25th percentile managers' performance is more volatile --> even if 25th percentile managers outperform they tend to mean revert --> demonstrates the perils of choosing managers ...
Preview 4 out of 45 pages
Add to cart5th percentile vs 25th percentile performance - Answer 5th percentile managers outperform in every comparison BUT 25th percentile managers' performance is more volatile --> even if 25th percentile managers outperform they tend to mean revert --> demonstrates the perils of choosing managers ...
Absolute Returns - Answer An absolute return standard means that returns are evaluated relative to the riskless rate, or zero, and therefore independently of performance in equity markets, debt markets, or any other markets. 
 
Jarque-Bera test - Answer involves a statistic that is a function of...
Preview 2 out of 6 pages
Add to cartAbsolute Returns - Answer An absolute return standard means that returns are evaluated relative to the riskless rate, or zero, and therefore independently of performance in equity markets, debt markets, or any other markets. 
 
Jarque-Bera test - Answer involves a statistic that is a function of...
CAGR - Answer compound annual growth rate 
 
annualized return - Answer (1+HPR)^number of holding periods in one year - 1 
 
multiple hedge fund aggregation - Answer equal weighted approach, asset weighted, and arbitrary weight approach 
 
Performance index - Answer R index = Sum of wi * Ri ...
Preview 2 out of 11 pages
Add to cartCAGR - Answer compound annual growth rate 
 
annualized return - Answer (1+HPR)^number of holding periods in one year - 1 
 
multiple hedge fund aggregation - Answer equal weighted approach, asset weighted, and arbitrary weight approach 
 
Performance index - Answer R index = Sum of wi * Ri ...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller BillRanker. Stuvia facilitates payment to the seller.
No, you only buy these notes for $40.99. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
81531 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now