{"product_id":"alternative-investments","title":"Alternative Investments","description":"\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® Program, CIPM® Program, CFA Institute ESG Investing Certificate, and Investment Foundations® 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","brand":"John Wiley \u0026 Sons","offers":[{"title":"Default Title","offer_id":48092099805374,"sku":null,"price":106.25,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0536\/0592\/5054\/files\/19453073482586.jpg?v=1783602888","url":"https:\/\/bookshopnow.com\/products\/alternative-investments","provider":"Book Shop Now","version":"1.0","type":"link"}