In-depth Level II exam preparation direct from the CAIA Association CAIA Level II is the official study guide for the Chartered Alternative Investment Analyst professional examination, and an authoritative guide to working in the alternative investment sphere. Written by the makers of the exam, this book provides in-depth guidance through the entire exam agenda; the Level II strategies are the same as Level I, but this time you'll review them through the lens of risk management and portfolio optimisation. Topics include asset allocation and portfolio oversight, style analysis, risk management, alternative asset securitisation, secondary market creation, performance and style attribution and indexing and benchmarking, with clear organisation and a logical progression that allows you to customise your preparation focus. This new third edition has been updated to align with the latest exam, and to reflect the current practices in the field. The CAIA designation was developed to provide a standardized knowledge base in the midst of explosive capital inflow into alternative investments. This book provides a single-source repository of that essential information, tailored to those preparing for the Level II exam. Measure, monitor and manage funds from a risk management perspective Delve into advanced portfolio structures and optimisation strategies Master the nuances of private equity, real assets, commodities and hedge funds Gain expert insight into preparing thoroughly for the CAIA Level II exam The CAIA Charter programme is rigorous and comprehensive, and the designation is globally recognised as the highest standard in alternative investment education. Candidates seeking thorough preparation and detailed explanations of all aspects of alternative investment need look no further than CAIA Level II.
The official study text for the Level I Chartered Alternative Investment Analyst (CAIA) exam The Chartered Alternative Investment Analyst (CAIA) designation is the financial industry's first and only globally recognized program that prepares professionals to deal with the ever-growing field of alternative investments. The second edition of CAIA Level I: An Introduction to Core Topics in Alternative Investments contains comprehensive insights on the alternative investment issues a potential Level I candidate would need to know about as they prepare for the exam. The information found here will help you build a solid foundation in alternative investment markets—with coverage of everything from the characteristics of various strategies within each alternative asset class to portfolio management concepts central to alternative investments. Uses investment analytics to examine each alternative asset class Examines quantitative techniques used by investment professionals Addresses the unique attributes associated with the alternative investment space Offers an online study guide outlining learning objectives and keywords This book is a must-have resource for anyone contemplating taking the CAIA Level I exam. So if you're ready to take your first step toward the CAIA charter, take the time to understand the insights offered here.
Alternative Investments: CAIA Level I, 4th Edition is the curriculum book for the Chartered Alternative Investment Analyst (CAIA) Level I professional examination. Covering the fundamentals of the alternative investment space, this book helps you build a foundation in alternative investment markets. You'll look closely at the different types of hedge fund strategies and the range of statistics used to define investment performance as you gain a deep familiarity with alternative investment terms and develop the computational ability to solve investment problems. From strategy characteristics to portfolio management strategies, this book contains the core material you will need to succeed on the CAIA Level I exam. This updated fourth edition tracks to the latest version of the exam and is accompanied by the following ancillaries: a workbook, study guide, learning objectives, and an ethics handbook.
A must-read roadmap to analyzing, valuing, and investing in cryptocurrency and other digital assets In Investing in Cryptocurrencies and Digital Assets: A Guide to Understanding Technologies, Business Models, Due Diligence, and Valuation, alternative investments expert Dr. Keith Black delivers a compelling and straightforward roadmap for analyzing, valuing, and investing in crypto and other digital assets. You'll learn how to buy crypto directly — and how to keep your new digital assets safe from hacks and fraud — and how to invest indirectly, using stocks, futures, options, and exchange-traded funds. You'll also discover how to conduct extensive due diligence to reduce technology and compliance risks, as well as how to understand the business models that underlie and power these novel technologies. The book also offers: Accessible discussions of and introductions to blockchain and distributed ledger technology, stablecoins, Bitcoin, Ethereum, and other foundational concepts Ways to differentiate between investing in digital assets for the long term and risky, short-term speculation An essential new playbook for institutional, professional, and retail investors involved with digital assets and cryptocurrency, Investing in Cryptocurrencies and Digital Assets is the comprehensive and up-to-date guide to the sector that you've been waiting for.
Alternative Investments: A Primer for Investment Professionals 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.
This definitive guide to America's present-day racial reckoning examines the forces that pushed our unjust system to its breaking point after the death of George Floyd. For many, the story of the weeks of protests in the summer of 2020 began with the horrific nine minutes and twenty-nine seconds when Police Officer Derek Chauvin killed George Floyd on camera, and it ended with the sweeping federal, state, and intrapersonal changes that followed. It is a simple story, wherein white America finally witnessed enough brutality to move their collective consciousness. The only problem is that it isn't true. George Floyd was not the first Black man to be killed by police—he wasn’t even the first to inspire nation-wide protests—yet his death came at a time when America was already at a tipping point. In Say Their Names, five seasoned journalists probe this critical shift. With a piercing examination of how inequality has been propagated throughout history, from Black imprisonment and the Convict Leasing program to long-standing predatory medical practices to over-policing, the authors highlight the disparities that have long characterized the dangers of being Black in America. They examine the many moderate attempts to counteract these inequalities, from the modern Civil Rights movement to Ferguson, and how the killings of George Floyd, Breonna Taylor and others pushed compliance with an unjust system to its breaking point. Finally, they outline the momentous changes that have resulted from this movement, while at the same time proposing necessary next steps to move forward. With a combination of penetrating, focused journalism and affecting personal insight, the authors bring together their collective years of reporting, creating a cohesive and comprehensive understanding of racial inequality in America.
Hedge funds now account for 25 percent of all NYSE trading volume and are one of the fastest growing sectors in today’s financial industry. Managing a Hedge Fund examines every significant issue facing a hedge fund manager, from management of numerous types of risk to due diligence requirements, use of arbitrage and other exotic activities, and more. Broad-based where most hedge fund books are narrowly focused, it provides current and potential managers with a concise but comprehensive treatment on managing—and maximizing—a hedge fund in today’s fiercely competitive investing arena.
A Civil War Monitor best book of 2020 A group biography of the activists who defended human rights and defined the Republican Party’s greatest hour In 1862, the ardent abolitionist William Lloyd Garrison summarized the events that were tearing apart the United States: “There is a war because there was a Republican Party. There was a Republican Party because there was an Abolition Party. There was an Abolition Party because there was Slavery.” Garrison’s simple statement expresses the essential truths at the heart of LeeAnna Keith’s When It Was Grand. Here is the full story, dramatically told, of the Radical Republicans—the champions of abolition who helped found a new political party and turn it toward the extirpation of slavery. Keith introduces us to the idealistic Massachusetts preachers and philanthropists, rugged Midwestern politicians, and African American activists who collaborated to protect escaped slaves from their captors, to create and defend black military regiments and win the contest for the soul of their party. Keith’s fast-paced, deeply researched narrative gives us new perspective on figures ranging from Ralph Waldo Emerson and John Brown, to the gruff antislavery general John Fremont and his astute wife, Jessie Benton Fremont, and the radicals’ sometime critic and sometime partner Abraham Lincoln. In the 1850s and 1860s, a powerful faction of the Republican Party stood for a demanding ideal of racial justice—and insisted that their party and nation live up to it. Here is a colorful, definitive account of their indelible accomplishment.
An updated edition of the acclaimed field guide to the spectacular birds of the West Indies Birds of the West Indies is the first field guide that covers and depicts all birds known to occur in the region, including infrequently occurring and introduced forms. Now fully updated and expanded, this stunningly illustrated book features detailed accounts of more than 600 species, describing identification field marks, range, status, voice, and habitat. There are more than 100 beautiful color plates that depict plumages of all species—including those believed to have recently become extinct—as well as distribution maps, a color code for endemic birds, and an incisive introduction that discusses avifaunal changes in the West Indies in the past fifteen years and the importance of conservation. Covers more than 60 new species, including vagrants, introductions, and taxonomic splits Updates the status of every species Features illustrations for all new species and improved artwork for warblers and flycatchers Color codes endemic species confined to one or just a few islands Includes many new and enhanced maps Provides bird weights for each species Compact and easy to use in the field
Earth's Magnetosphere: Formed by the Low Latitude Boundary Layer, Second Edition, provides a fully updated overview of both historical and current data related to the magnetosphere and how it is formed. With a focus on experimental data and space missions, the book goes in depth relating space physics to the Earth's magnetosphere and its interaction with the solar wind. Starting with Newton's law, this book also examines Maxwell's equations and subsidiary equations such as continuity, constitutive relations and the Lorentz transformation, Helmholtz' theorem, and Poynting's theorem, among other methods for understanding this interaction.This new edition of Earth's Magnetosphere is updated with information on such topics as 3D reconnection, space weather implications, recent missions such as MMS, ionosphere outflow and coupling, and the inner magnetosphere. With the addition of end-of-chapter problems as well, this book is an excellent foundational reference for geophysicists, space physicists, plasma physicists, and graduate students alike. - Offers an historical perspective of early magnetospheric research, combined with progress up to the present - Describes observations from various spacecraft in a variety of regions, with explanations and discussions of each - Includes chapters on prompt particle acceleration to high energies, plasma transfer event, and the low latitude boundary layer
The literature often considered the most American is rooted not only in European and Western culture but also in African and American Creole cultures. Keith Cartwright places the literary texts of such noted authors as George Washington Cable, W.E.B. DuBois, Alex Haley, Zora Neale Hurston, Ralph Ellison, William Faulkner, Joel Chandler Harris, Herman Melville, Toni Morrison, and many others in the context of the history, spiritual traditions, folklore, music, linguistics, and politics out of which they were written. Cartwright grounds his study of American writings in texts from the Senegambian/Old Mali region of Africa. Reading epics, fables, and gothic tales from the crossroads of this region and the American South, he reveals that America's foundational African presence, along with a complex set of reactions to it, is an integral but unacknowledged source of the national culture, identity, and literature.
Hedge funds now account for 25 percent of all NYSE trading volume and are one of the fastest growing sectors in today’s financial industry. Managing a Hedge Fund examines every significant issue facing a hedge fund manager, from management of numerous types of risk to due diligence requirements, use of arbitrage and other exotic activities, and more. Broad-based where most hedge fund books are narrowly focused, it provides current and potential managers with a concise but comprehensive treatment on managing—and maximizing—a hedge fund in today’s fiercely competitive investing arena.
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