Alternative Investments: A Primer for Investment Professionals - Softcover

Chambers, Donald R.; Black, Keth H.; Lacey, Nelson J.

Softcover

ISBN 10: 1944960376 ISBN 13: 9781944960377

Publisher: CFA Institute Research Foundation, 2018

Synopsis

Alternative Investments: A Primer for Investment Trustees provides an overview of alternative investments for institutional asset allocators and other overseers of portfolios containing both traditional and alternative assets. It is designed for those with substantial experience regarding traditional investments in stocks and bonds but limited familiarity regarding alternative assets, alternative strategies, and alternative portfolio management. The primer categorizes alternative assets into four groups: hedge funds, real assets, private equity, and structured products/derivatives. Real assets include vacant land, farmland, timber, infrastructure, intellectual property, commodities, and private real estate. For each group, the primer provides essential information about the characteristics, challenges, and purposes of these institutional-quality alternative assets in the context of a well-diversified institutional portfolio. Other topics addressed by this primer include tail risk, due diligence of the investment process and operations, measurement and management of risks and returns, setting return expectations, and portfolio construction. The primer concludes with a chapter on the case for investing in alternatives.

About this edition

• Publisher: CFA Institute Research Foundation
• Publication date: 2018
• ISBN 10: 1944960376
• ISBN 13: 9781944960377
• Binding: Paperback
• Number of pages: 184