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Alternative investments : a primer for investment professionals

 Format: Print  Author/s: Chambers, Donald R.; Black, Keith H.; Lacey, Nelson J .  Call Number: HG4521.C45123 2018  Publisher: CFA Institute Reseach Foundation  Place of Publication: Charlottesville, VA  Date of Publication: 2018  ISBN: 9781944960377  Pages: 171  Language: English  Dimension: 22.5 cm  Tags: Asset allocationInvestmentsPortfolio management |
 About the Resource:

Alternative Investments: A Primer for Investment Professionals provides an overview of alternative investments for institutional asset allocators and other overseers of portfolios containing both traditionaand alternative assets. It is designed for those with substantial experience regarding traditionainvestments 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, reaassets, 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.

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