Knowledge Center | CAIA

Knowledge Center

Curriculum

The new CAIA Knowledge Series: a comprehensive collection of texts written specifically for the CAIA program.

Recent Resources

Ethics: A Guiding Tenet of the CAIA Association Garners Broad Support within Academic Community

E. Craig Asche

Journal of Alternative Investments, 2010
Summer

Motivated by the many acts of unconscionable greed and avarice that have outraged, even disgusted the public at large, elite academic institutions around the world have begun incorporating ethics and social responsibility into their MBA programs,...
Sources of Return within an Emerging Markets Fixed-Income and Foreign Exchange Portfolio

Amer Bisat

Journal of Alternative Investments, 2010
Summer

Over the past decade, emerging market investments have increasingly become the focus of investor interest.Numerous academic and practitioner studies have emphasized the potential for excess return and risk reduction when adding emerging market...
An Early Look at the Deutsche Bank Alternative Investment Survey, 2002–2009

Erik Benrud

Journal of Alternative Investments, 2010
Summer

This article presents a time-series analysis of the evolution of hedge fund investor characteristics and expectations based on the Deutsche Bank Alternative Investment Survey (DBAIS): 2002–2009. Interesting findings include the following: 1) new...
Alternative Asset Pricing: Momentum and the Hedge Fund Puzzle

Stephen Bond, Lew Johnson

Journal of Alternative Investments, 2010
Summer

This article examines the effect of including hedge funds in the investment pool on the asset return bounds implied by established finance theory. Bounds are violated in a way that is difficult to explain in the usual manner, thus suggesting that a...
Modeling the Cash Flow Dynamics of Private Equity Funds: Theory and Empirical Evidence

Axel Buchner, Christoph Kaserer, Niklas Wagner

Journal of Alternative Investments, 2010
Summer

This article presents a novel continuous-time approach to modeling the typical cash flow dynamics of private equity funds. The model consists of two independent components. First is a mean-reverting square-root process applied to model the rate at...

Journal of Alternative Investments

An Early Look at the Deutsche Bank Alternative Investment Survey, 2002–2009

Erik Benrud

Journal of Alternative Investments, 2010
Summer

This article presents a time-series analysis of the evolution of hedge fund investor characteristics and expectations based on the Deutsche Bank Alternative Investment Survey (DBAIS): 2002–2009. Interesting findings include the following: 1) new...

Ethics: A Guiding Tenet of the CAIA Association Garners Broad Support within Academic Community

E. Craig Asche

Journal of Alternative Investments, 2010
Summer

Abstract: Motivated by the many acts of unconscionable greed and avarice that have outraged, even disgusted the public at large,...
Sources of Return within an Emerging Markets Fixed-Income and Foreign Exchange Portfolio

Amer Bisat

Journal of Alternative Investments, 2010
Summer

Abstract: Over the past decade, emerging market investments have increasingly become the focus of investor interest.Numerous...
Alternative Asset Pricing: Momentum and the Hedge Fund Puzzle

Stephen Bond, Lew Johnson

Journal of Alternative Investments, 2010
Summer

Abstract: This article examines the effect of including hedge funds in the investment pool on the asset return bounds implied by...
Modeling the Cash Flow Dynamics of Private Equity Funds: Theory and Empirical Evidence

Axel Buchner, Christoph Kaserer, Niklas Wagner

Journal of Alternative Investments, 2010
Summer

Abstract: This article presents a novel continuous-time approach to modeling the typical cash flow dynamics of private equity...
The Role of the Constant Recovery Assumption in the Subprime Bubble

Donald R. Chambers, Michael A. Kelly, Qin Lu

Journal of Alternative Investments, 2010
Summer

Abstract: Securitization of mortgages is believed to have contributed to the recent boom and bust in real estate. In particular,...
The Long-Horizon Benefits of Traditional and New Real Assets in the Institutional Portfolio

George A. Martin

Journal of Alternative Investments, 2010
Summer

Abstract: This article analyzes the potential role of an expansive set of real asset classes in reducing inflation risk in the...