Hands-on practice with alternative investments based on real-world scenarios
Alternative Investments Workbook provides the key component of effective learning - practice. Designed for both students and investment professionals, this companion workbook conveniently aligns with the Alternative Investments text chapter-by-chapter, offers brief chapter summaries to refresh your memory on key points before you begin working, and explicitly lays out the learning objectives so you understand the “why” of each problem. This workbook helps you:
- Synthesize essential material from the Alternative Investments text using real-world applications
- Understand the key characteristics of non-traditional investments
- Work toward specific chapter objectives to internalize important information
CFA Institute is the world's premier association for investment professionals, and the governing body for the CFA® Program, CIPM® Program, CFA Institute ESG Investing Certificate, and Investment Foundations® 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 as well as the extra practice delivered in Alternative Investments Workbook based on real scenarios investors face every day.
Table of Contents
Part I Learning Objectives, Summary Overview, and Problems
Chapter 1 Introduction to Corporate Governance and Other ESG
Considerations 3
Learning Outcomes 3
Summary Overview 4
Problems 5
Chapter 2 Introduction to Alternative Investments 7
Learning Outcomes 7
Summary Overview 7
Problems 10
Chapter 3 Real Estate Investments 17
Learning Outcomes 17
Summary Overview 18
Problems 20
Chapter 4 Private Equity Investments 33
Learning Outcomes 33
Summary Overview 33
Problems 34
Chapter 5 Introduction to Commodities and Commodity Derivatives 41
Learning Outcomes 41
Summary Overview 42
Problems 43
Chapter 6 Hedge Fund Strategies 51
Learning Outcomes 51
Summary Overview 51
Problems 54
Chapter 7 Capital Market Expectations: Forecasting Asset Class Returns 63
Learning Outcomes 63
Summary Overview 64
Problems 66
Chapter 8 Asset Allocation to Alternative Investments 75
Learning Outcomes 75
Summary Overview 75
Problems 78
Chapter 9 Integrated Cases in Risk Management: Institutional 87
Learning Outcomes 87
Part II Solutions
Chapter 1 Introduction to Corporate Governance and Other ESG Considerations 91
Solutions 91
Chapter 2 Introduction to Alternative Investments 93
Solutions 93
Chapter 3 Real Estate Investments 101
Solutions 101
Chapter 4 Private Equity Investments 109
Solutions 109
Chapter 5 Introduction to Commodities and Commodity Derivatives 113
Solutions 113
Chapter 6 Hedge Fund Strategies 117
Solutions 117
Chapter 7 Capital Market Expectations: Forecasting Asset Class Returns 129
Solutions 129
Chapter 8 Asset Allocation to Alternative Investments 137
Solutions 137
