Study Session 18

Reading 60 – Introduction to Alternative Investments

– LOS 60a: compare alternative investments with traditional investments
– LOS 60b: describe categories of alternative investments
– LOS 60c: describe potential benefits of alternative investments in the context of portfolio management
– LOS 60d: describe hedge funds, private equity, real estate, commodities, infrastructure, and other alternative investments, including, as applicable, strategies, subcategories, potential benefits and risks, fee structures, and due diligence
– LOS 60e: describe, calculate, and interpret management and incentive fees and net-of-fees returns to hedge funds
– LOS 60f: describe issues in valuing and calculating returns on hedge funds, private equity, real estate, commodities, and infrastructure
– LOS 60g: describe risk management of alternative investments