Asset Allocation to Alternative Investments – Part I (2025 Level III CFA® – Reading 19) скачать в хорошем качестве

Asset Allocation to Alternative Investments – Part I (2025 Level III CFA® – Reading 19)

Build a smarter CFA Level III portfolio with Alternative Investments. In this Part 1 lesson (Asset Allocation to AIs), Prof. Jim explains when and why to add hedge funds, private equity/credit, real assets, infrastructure, and real estate—and how they affect risk, return, liquidity, and correlation. What you’ll learn: Goals of AIs: diversification, risk reduction & return enhancement Efficient frontier intuition & correlation pitfalls Real assets & inflation hedging, infrastructure & illiquidity Private credit & distressed strategies Policy statement implications, liquidity- vs risk-based approaches Public vs. private AIs; business-cycle framing Fees, taxes, capital calls, redemption terms In-house vs. external managers; fund-of-funds & co-investments Study with AnalystPrep: Level I: https://analystprep.com/shop/cfa-leve... Level II: https://analystprep.com/shop/learn-pr... Level III: https://analystprep.com/shop/cfa-leve... Levels I, II & III (Lifetime access): https://analystprep.com/shop/cfa-unli... Prep Packages for the FRM® Program: FRM Part I & Part II (Lifetime access): https://analystprep.com/shop/unlimite... Topic 6 – Alternative Investments for Portfolio Management Reading 19 – Asset Allocation to Alternative Investments – Part I LOS: Explain the roles that alternative investments play in multi-asset portfolios. LOS: Compare alternative investments and bonds as risk mitigators in relation to a long equity position. LOS: Compare traditional and risk-based approaches to defining the investment opportunity set, including alternative investments. LOS: Discuss investment considerations that are important in allocating to different types of alternative investments. #CFA #CFALevelIII #AlternativeInvestments #PortfolioManagement #HedgeFunds #PrivateEquity #RealAssets #RiskManagement #Diversification #AnalystPrep