Fundamentals of Alternative Investments Informational Webcasts

The Fundamentals of Alternative Investments program offers a base of knowledge in alternative investments to help you or your team comprehend, discuss, and position these asset classes with your clients. Below is a collection of recent sessions, to see all 20 (plus 3 bonus) modules, sign up here.

Learn the Fundamentals
Learn the Fundamentals

A brief overview of CAIA Association's Fundamentals of Alternative Investments certificate program.

Fundamentals of Alternative Investments: Traditional vs Alternative Investments
Fundamentals of Alternative Investments: Traditional vs Alternative Investments

In this webcast, Keith Black, PhD, CFA, CAIA, FDP, Managing Director, Content Strategy, CAIA Association, explores the differences between traditional and alternative investments and the typical structures of alternative investments. He demonstrates how alternative investments may fit into an investment portfolio from an asset allocation standpoint and highlight the diversification potential of such investments. Keith Black also discusses the means of access to the markets for alternative investments, from private placements.

Due Diligence: Applications and Practice
Due Diligence Applications and Practice

Due Diligence is a set of processes directed toward making informed investment decisions when hiring and firing external managers. In this web seminar, Aaron Filbeck, CFA, CAIA, CIPM, FDP, Director of Global Content Development at CAIA Association reviews due diligence as it is discussed in the CAIA curriculum. Joining Aaron is special guest Anna Snider, CAIA, Head of CIO Due Diligence for Global Wealth & Investment Management (GWIM), a division of Bank of America Corporation. Anna shares real world applications and current issues of this important concept within alternative investments.

Portfolio Management and Asset Allocation
Portfolio Management and Asset Allocation

In this webcast, Keith Black reviews the definition and characteristics of asset allocation models, including model portfolios, the capital asset pricing model, the endowment model, mean-variance optimization, risk budgeting, multi-factor models, liability-driven investments, risk parity, scenario-based models, and core vs. non-core portfolio models.

The Fundamentals of Private Equity and a Current Market Update
The Fundamentals of Private Equity and a Current Market Update

Private Equity is the largest alternative asset class with $4.42tn in AUM worldwide. The expectation is that Private Equity could more than double over the next five years. In this presentation, Aaron Filbeck, CAIA, CFA, CIPM, FDP, Director, Global Content Development, CAIA Association, covers a range of topics related to private equity investment, including the structure and life cycle of private equity funds and analyze the cash flows and fees that are characteristic of such funds. We examine various performance measures and walk through calculations related to the measurement of returns. Aaron's presentation is followed by Joseph Borda, Senior Vice President, Research & Data Operations, Preqin, who presents on private equity updates for 2021. This presentation also covers industry AUM, dry powder, fundraising, deals, and investor appetite. This presentation is moderated by Millissa Allen, CAIA, Managing Director, Global Head of Fundamentals of Alternative Investments.

The Fundamentals of Venture Capital Across the Liquidity Spectrum - Session 1: The Fundamentals of Venture Capital
Fundamentals of Venture Capital 1

In this presentation, Aaron Filbeck discussed private equity investments, focusing on venture capital. Aaron provided insight into the life cycle and performance of venture capital funds and presented a framework for the private equity investment process, from the development of portfolio objectives, through liquidity management, and manager selection. Aaron concluded with a look at the risks involved in venture capital investments. Aaron’s presentation was followed by Rebecca who provided a presentation on venture capital updates for 2021. This presentation covered industry AUM, dry powder, fundraising, deals, and investor appetite.

The Fundamentals of Venture Capital Across the Liquidity Spectrum: SPAC’s - Session 2 of a Series
Fundamentals of Venture Capital 2

In this presentation, Keith Black, PhD, CAIA, CFA, FDP, Managing Director of Content Strategy at the CAIA Association described and compared the many ways that entrepreneurs and their private equity owners can exit their ownership in a private company. While IPOs have declined in importance in recent years, there has been an increase in strategic mergers, financial mergers, and secondary buyouts. More recently, a growing number of companies have sought to become publicly traded through direct listings and special purpose acquisition corporations (SPACs). Keith’s presentation was followed with a discussion with Cameron Stanfill, CFA, Venture Analyst at Pitchbook Data who provided an update on SPACs and the current market environment for exits in public companies.

The Fundamentals of Venture Capital Across the Liquidity Spectrum: Digital Assets - Session 3 of a Series
Fundamentals of Venture Capital 3

In this presentation, Keith Black discussed the digital asset and cryptocurrency markets and the innovative solution to build a global, decentralized, and secure network that facilitates payments and other transactions. Keith explored how proof-of-work, such as Bitcoin mining, and proof-of-stake protocols, such as Cardano, are used to secure networks and complete transactions. Behind many of these currencies are real businesses, such as projects built on top of Ethereum smart contracts that facilitate borrowing and lending as well as options and futures trading. Stable coins pegged to USD or EUR can earn yields of up to 7% with minimal volatility. Returns and volatility data were presented, as well as evidence on how digital assets can add return to a diversified portfolio without adding to portfolio volatility. Risks of digital assets were also discussed, including regulatory risks, technology risk, and valuation risk. Keith’s presentation was followed with a discussion with Josh Kernan, who provided an update on digital assets and the current market environment.