-
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.
Knowledge Center
Curriculum
 | The new CAIA Knowledge Series: a comprehensive collection of texts written specifically for the CAIA program. |
Recent Resources
-
Journal of Alternative Investments. 2011.Vol. 14, no. 2, pp. 24-35.In this article, the authors analyze the investment performance of a large database of venture funds sourced from two limited partners. The results suggest that a portfolio of venture capital partnerships can provide an average return that is...
-
Journal of Alternative Investments. 2011.Vol. 14, no. 2, pp. 18-23.In an ideal world, hedging the risk of fund outflows would simply involve the purchase of state-dependent securities that pay a nominal amount if outflows occur and nothing in other states of the world. However, securities of this type are not...
-
Journal of Alternative Investments. 2011.Vol. 14, no. 2, pp. 8-17.This article investigates the post-crisis preferences of hedge fund investors. The authors show that after the 2008 crisis, when money again started to flow into hedge funds, investors continued to chase the past best performers. In that sense, post...
-
Journal of Alternative Investments. 2011.Vol. 14, no. 1, pp. 75-82.The meaning attributed to a particular financial term can have a significant impact on the way one considers issues in the marketplace. The purpose of this article is to offer one perspective on how to properly define speculation and to offer a...
-
Journal of Alternative Investments. 2011.Vol. 14, no. 1, pp. 61-74.Repeated oil-price spikes have generated a great deal of controversy about the role played by speculation in derivatives markets. A number of analysts have suggested that the speculative positions of financial investors played a major part in the...
Journal of Alternative Investments
-
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...
-
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...
-
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...
-
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...
-
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...