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Private equity investment in technologies which deliver low carbon energy has grown as an area of both economic and social performance. This article offers a perspective on some of the challenges in the industry. It relies on case studies drawn...
Knowledge Center
The Knowledge Center provides a carefully developed repository of quality alternative investment resources.
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Curriculum
 | The new CAIA Knowledge Series: a comprehensive collection of texts written specifically for the CAIA program. |
Recent Resources
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Journal of Investing. 2010.Vol. 19, no. 2.Alternative asset funds often market a new fund during the lifetime of other funds under the stewardship of common management. The marketing materials of the new fund include the interim results of the existing funds, which are self-reported. The...
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If risk for relative value arbitrage strategies is measured by traditional parallel stress tests, potential losses are obscured. Highly leveraged relative value strategies that rely on mean reversion for profitability are most susceptible to...
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Journal of Investing. 2009.Vol. 18, no. 3.In recent years, there has been a dramatic increase in both commodity prices and the amount of institutional assets dedicated to commodity investments. While some market participants assume that these investment flows have directly led to the rising...
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Journal of Investing. 2009.Vol. 18, no. 1.This short article updates research originally published in the February 2007 issue of the investment journal Derivatives Use, Trading & Regulation (re-titled of as May 2007 to Journal of Derivatives & HedgeFunds). The original article and...
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This study analyzes the risk profile of emerging hedge funds and managers using a clean definition of age that is not affected by backfill bias. Emerging funds and managers have particularly strong financial incentives to create investment...
Journal of Alternative Investments
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Infrastructure is regularly considered a natural hedge against inflation due to its monopolistic pricing power, the favorable regulatory regimes, and the limited operating cost exposure. In contrast to this often cited yet not empirically...
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Shipping, although a crucial component of the transportation of commodities worldwide, is hardly present in the finance literature at this point. The first and foremost goal of this article is to describe and explain from an economic perspective the...
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In this article, the authors design a new trading strategy by using cointegration as a measure of long-term dependencies. They show that the theoretical expected return of this strategy is always positive and illustrate it with four exchange traded...
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This article introduces the concept of asymmetric hedge fund replication based on the risk factor model approach. The presented methodology is founded on downside risk management and offers an enhancement of existing hedge fund replication...
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Hedge funds are frequently blamed for increasing volatility and illiquidity in financial markets. The author investigates the validity of this hypothesis by modeling the joint dynamics of hedge fund returns and volatility as well as illiquidity in...