{"product_id":"alternative-investments-cfa-institute-9781119850601","title":"Alternative Investments","description":"\u003cp\u003e\u003cb\u003eThe complete guide to alternative investments, from experts working with CFA Institute\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eAlternative Investments\u003c\/i\u003e is the definitive guide to understanding non-traditional asset classes. Alternatives are a disparate group of investments that are distinguished from long-only, publicly traded investments in stocks, bonds, and cash (often referred to as traditional investments). Alternative investments include real estate, commodities, infrastructure, and other non-traditional investments such as private equity or debt and hedge funds. They are attractive to investors because of the potential for portfolio diversification resulting in a higher risk-adjusted return for the portfolio.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eAlternative Investments\u003c\/i\u003e and its accompanying workbook (sold separately) lead students and investment professionals through the many characteristics of non-traditional assets, including: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eNarrow specialization of the investment managers\u003c\/li\u003e \u003cli\u003eRelatively low correlation of returns with those of traditional investments\u003c\/li\u003e \u003cli\u003eLess regulation and less transparency than traditional investments\u003c\/li\u003e \u003cli\u003eLimited historical risk and return data\u003c\/li\u003e \u003cli\u003eUnique legal and tax considerations\u003c\/li\u003e \u003cli\u003eHigher fees, often including performance or incentive fees\u003c\/li\u003e \u003cli\u003eConcentrated portfolios\u003c\/li\u003e \u003cli\u003eRestrictions on redemptions (i.e. \"lockups\" and \"gates\")\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eCFA Institute is the world's premier association for investment professionals, and the governing body for the CFA\u003csup\u003e(R)\u003c\/sup\u003e Program, CIPM\u003csup\u003e(R)\u003c\/sup\u003e Program, CFA Institute ESG Investing Certificate, and Investment Foundations\u003csup\u003e(R)\u003c\/sup\u003e Program. Those seeking a deeper understanding of the markets, mechanisms, and use of alternatives will value the level of expertise CFA Institute brings to the discussion, providing a clear, comprehensive resource for students and professionals alike. Whether used alone or in conjunction with the companion workbook, \u003ci\u003eAlternative Investments\u003c\/i\u003e offers a complete course in alternative investments and their role in investment management.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Cfa Institute\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1119850606\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781119850601\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Wiley\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/24\/2021\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 672\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 2.99lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 10.10h x 7.00w x 1.70d","brand":"Cfa Institute","offers":[{"title":"Hardcover","offer_id":43993176867071,"sku":"9781119850601","price":110.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_6f96981f-8485-4ad3-8192-90b88fffca3b.jpg?v=1683322927","url":"https:\/\/www.whiterainbookhouse.com\/products\/alternative-investments-cfa-institute-9781119850601","provider":"WR Book House","version":"1.0","type":"link"}