CAIA level II advanced core topics in alternative investments
CAIA Association has developed two examinations that are used to certify Chartered Alternative Investment Analysts. The Level I curriculum builds a foundation in both traditional and alternative investment markets--for example, the range of statistics that are used to define investment performance...
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| Otros Autores: | , |
| Formato: | Libro electrónico |
| Idioma: | Inglés |
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Hoboken, New Jersey :
John Wiley & Sons
2012.
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| Edición: | 2nd ed |
| Colección: | Wiley finance series.
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| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009628642006719 |
Tabla de Contenidos:
- CAIA Level II; Contents; Preface; TEN YEARS OF CAIA AND ALTERNATIVE INVESTMENTS; THE HISTORY OF CAIA; BENEFITS OF THE CAIA PROGRAM; STUDYING FOR THE CAIA EXAMS; Acknowledgments; About the Authors; CHAPTER 1 Introduction; 1.1 OUTLINE OF THIS BOOK; 1.2 STUDYING FOR THE CAIA LEVEL II EXAMINATION; PART One Asset Allocation and Portfolio Management; CHAPTER 2 The Endowment Model; 2.1 DEFINING ENDOWMENTS AND FOUNDATIONS; 2.2 INTERGENERATIONAL EQUITY, INFLATION, AND SPENDING CHALLENGES; 2.3 THE ENDOWMENT MODEL; 2.4 WHY MIGHT LARGE ENDOWMENTS OUTPERFORM?; 2.4.1 An Aggressive Asset Allocation
- 2.4.2 Effective Investment Manager Research2.4.3 First-Mover Advantage; 2.4.4 Access to a Network of Talented Alumni; 2.4.5 Acceptance of Liquidity Risk; 2.5 CONCLUSION; CHAPTER 3 Risk Management for Endowment and Foundation Portfolios; 3.1 SPENDING RATES AND INFLATION; 3.2 LIQUIDITY ISSUES; 3.3 REBALANCING AND TACTICAL ASSET ALLOCATION; 3.4 TAIL RISK; 3.5 CONCLUSION; CHAPTER 4 Pension Fund Portfolio Management; 4.1 DEFINED BENEFIT PLANS; 4.1.1 Defining Liabilities: Accumulated Benefit Obligation and Projected Benefit Obligation; 4.1.2 Funded Status and Surplus Risk
- 4.1.3 Why Defined Benefit Plans Are Withering4.1.4 Asset Allocation and Liability-Driven Investing; 4.2 GOVERNMENTAL SOCIAL SECURITY PLANS; 4.3 DEFINED CONTRIBUTION PLANS; PART TwoPrivate Equity; CHAPTER 5 Private Equity Market Landscape; 5.1 MAIN STRATEGIES; 5.2 MAIN DIFFERENCES BETWEEN VENTURE CAPITAL AND BUYOUT; 5.2.1 Business Model; 5.2.2 Deal Structuring; 5.2.3 Role of the PE Manager; 5.2.4 Valuation; 5.3 PRIVATE EQUITY FUNDS AS INTERMEDIARIES; 5.4 PRIVATE EQUITY FUNDS OF FUNDS AS INTERMEDIARIES; 5.4.1 Private Equity Funds-of-Funds Costs; 5.5 PRIVATE EQUITY FUNDS OF FUNDS VALUE-ADDED
- 5.5.1 Diversification and Intermediation5.5.2 Resources and Information; 5.5.3 Selection Skills and Expertise; 5.5.4 Incentives, Oversight, and Agreements; 5.6 THE RELATIONSHIP LIFE CYCLE BETWEEN LIMITED AND GENERAL PARTNERS; 5.7 THE J-CURVE; 5.8 CONCLUSION; CHAPTER 6 Private Equity Fund Structure*; 6.1 KEY FEATURES; 6.1.1 Corporate Governance in Private Equity Funds; 6.1.2 Investment Objectives, Fund Size, and Fund Term; 6.1.3 Management Fees and Expenses; 6.1.4 Carried Interest; 6.1.5 Preferred Return or Hurdle Rate; 6.1.6 General Partner's Contribution; 6.1.7 Key-Person Provision
- 6.1.8 Termination and Divorce6.1.9 Distribution Waterfall; 6.2 CONFLICTS OF INTEREST; 6.3 FINDING THE BALANCE; CHAPTER 7 The Investment Process; 7.1 PROCESS DESCRIPTION; 7.1.1 Portfolio Objectives; 7.1.2 Portfolio Design; 7.1.3 Liquidity Management; 7.1.4 Fund Selection; 7.1.5 Monitoring; 7.1.6 Actions and Implementation; 7.2 RISK MANAGEMENT; 7.2.1 Risk-Measurement Framework; 7.2.2 Risk Control; 7.2.3 Risk Mitigation; CHAPTER 8 Private Equity Portfolio Design; 8.1 THREE APPROACHES TO PRIVATE EQUITY PORTFOLIO DESIGN; 8.1.1 Bottom-Up Approach; 8.1.2 Top-Down Approach; 8.1.3 Mixed Approach
- 8.2 RISK-RETURN MANAGEMENT APPROACHES
