{"product_id":"alternative-investments-9781119850601","title":"Alternative Investments","description":"\u003cp\u003e\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e\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\n\u003cli\u003eNarrow specialization of the investment managers\u003c\/li\u003e\n\u003cli\u003eRelatively low correlation of returns with those of traditional investments\u003c\/li\u003e\n\u003cli\u003eLess regulation and less transparency than traditional investments\u003c\/li\u003e\n\u003cli\u003eLimited historical risk and return data\u003c\/li\u003e\n\u003cli\u003eUnique legal and tax considerations\u003c\/li\u003e\n\u003cli\u003eHigher fees, often including performance or incentive fees\u003c\/li\u003e\n\u003cli\u003eConcentrated portfolios\u003c\/li\u003e\n\u003cli\u003eRestrictions on redemptions (i.e. “lockups” and “gates”)\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eCFA Institute is the world's premier association for investment professionals, and the governing body for the CFA\u003csup\u003e®\u003c\/sup\u003e Program, CIPM\u003csup\u003e®\u003c\/sup\u003e Program, CFA Institute ESG Investing Certificate, and Investment Foundations\u003csup\u003e®\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\u003cp\u003e\u003cstrong\u003eWeight\u003c\/strong\u003e: 1358g\u003cbr\u003e\u003cstrong\u003eDimension\u003c\/strong\u003e: 188 x 263 x 46 (mm)\u003cbr\u003e\u003cstrong\u003eISBN-13\u003c\/strong\u003e: 9781119850601\u003c\/p\u003e","brand":"CFA Institute","offers":[{"title":"Hardback","offer_id":44106041229562,"sku":"9781119850601","price":82.35,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/4297\/2845\/products\/1647340353449_book.jpg?v=1647358647","url":"https:\/\/shulphink.com\/products\/alternative-investments-9781119850601","provider":"Shulph Ink","version":"1.0","type":"link"}