Caia exam 2024 - Study guides, Class notes & Summaries

Rebalancing activity - Answer-can be seen as a short strangle trade Short strangle = out-of-the-money calls and out-of-the-money puts are sold. Corpus - Answer-the nominal value of the endowment's initial gift advantages that may explain the outperformance enjoyed by endowments - Answer-1. Aggressive asset allocation 2. Effective investment management research 3. First-mover advantage 4. Access to a network of talented alumni 5. Acceptance of liquidity risk pension plan's PBO...

CAIA Level 1 Exam 2024 Define investment - answer-Investment is deferred consumption List the four major types of real assets other than land and other types of real estate. - answer-Natural resources, commodities, infrastructure, and intellectual property. List the three major types of alternative investments other than real assets in the CAIA curriculum. - answer-Hedge funds, Private Equity, and Structured Products Name the five structures that differentiate traditional and alternative i...