{"product_id":"9781119850601","title":"Alternative Investments","description":"\u003ch3\u003eCFA Institute Investment Series\u003c\/h3\u003e\u003ch1\u003eAlternative Investments\u003c\/h1\u003e\u003ch3\u003eCFA Institute\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eBusiness \u0026amp; Economics \/ Investments \u0026amp; Securities \/ General\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cp\u003e\u003cb\u003eThe complete guide to alternative investments, from experts working with CFA Institute\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eAlternative Investments\u003c\/i\u003e is the definitive guide to understanding non-traditional asset classes. Alternatives are a disparate group of investments that are distinguished from long-only, publicly traded investments in stocks, bonds, and cash (often referred to as traditional investments). Alternative investments include real estate, commodities, infrastructure, and other non-traditional investments such as private equity or debt and hedge funds. They are attractive to investors because of the potential for portfolio diversification resulting in a higher risk-adjusted return for the portfolio.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eAlternative Investments\u003c\/i\u003e and its accompanying workbook (sold separately) lead students and investment professionals through the many characteristics of non-traditional assets, including:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eNarrow specialization of the investment managers\u003c\/li\u003e \u003cli\u003eRelatively low correlation of returns with those of traditional investments\u003c\/li\u003e \u003cli\u003eLess regulation and less transparency than traditional investments\u003c\/li\u003e \u003cli\u003eLimited historical risk and return data\u003c\/li\u003e \u003cli\u003eUnique legal and tax considerations\u003c\/li\u003e \u003cli\u003eHigher fees, often including performance or incentive fees\u003c\/li\u003e \u003cli\u003eConcentrated portfolios\u003c\/li\u003e \u003cli\u003eRestrictions on redemptions (i.e. “lockups” and “gates”)\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eCFA Institute is the world's premier association for investment professionals, and the governing body for the CFA\u003csup\u003e®\u003c\/sup\u003e Program, CIPM\u003csup\u003e®\u003c\/sup\u003e Program, CFA Institute ESG Investing Certificate, and Investment Foundations\u003csup\u003e®\u003c\/sup\u003e Program. Those seeking a deeper understanding of the markets, mechanisms, and use of alternatives will value the level of expertise CFA Institute brings to the discussion, providing a clear, comprehensive resource for students and professionals alike. Whether used alone or in conjunction with the companion workbook, \u003ci\u003eAlternative Investments\u003c\/i\u003e offers a complete course in alternative investments and their role in investment management.\u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e \u003cp\u003e\u003cb\u003eCFA Institute\u003c\/b\u003e is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors' interests come first, markets function at their best, and economies grow. CFA Institute has more than 170,000 members in 160+ countries and territories, including 163,000 CFA charterholders, and 150+ member societies. For more information, visit www.cfainstitute.org.\u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e24 November 2021\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9781119850601\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eHardback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e672\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeight (oz): \u003c\/td\u003e\n\u003ctd\u003e40.0\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":44378449870988,"sku":"9781119850601","price":104.4,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781119850601_7adf07c7-1ee4-418a-90dd-a6a27a834bc2.jpg?v=1781092561","url":"https:\/\/lateknightbooks.com\/products\/9781119850601","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}