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James Brewer
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Decks in this class (43)
Emerging Topics
Provide the benefits and challeng...,
Provide the benefits of private p...,
Provide the challenges of private...
102
cards
Emerging topics 1.8 - An Introduction To Portfolio Rebalancing Strategies
Payoff diagram portfolio value x ...,
Target equities investment 2,
2 unique risks of pursuing cppi 3
9
cards
2.1 - Professionalism and fiduciary responsibilities
List the major participants withi...,
List the four parts that the purp...,
Describe how the investment indus...
14
cards
2.2 - Global Regulation
2 theories of regulation 1,
How increased regulation 2,
Qualified opportunity zones 3
24
cards
2.3 - Geopolitics
List and describe the three syste...,
Describe the effects of the three...,
List the three domestic political...
15
cards
CAIA L2 - 2.4 - ESG and Alternative Investments
Growth of esg aum 1,
Focus of esg of developed country...,
4 main characteristics 3
28
cards
CAIA L2 - 2.5 - ESG Analysis and Application
Fairer distribution of returns be...,
Esg investing add value enhance r...,
Esg ratings x credit ratings 3
24
cards
CAIA L2 - 3.1 - Modeling Overview And Interest Rate Models
Exogenous variable x endogenous v...,
Normative strategies 2,
Theoretical models x empirical mo...
11
cards
CAIA L2 - 3.2 - Credit Risk Models
5 credit events 1,
Adverse selection 2,
Moral hazard 3
15
cards
CAIA L2 - 3.3 - Multi-Factor Equity Pricing Models
Major categories of factors 1,
Intercept of the regression alpha...,
Fama french model fama french car...
12
cards
CAIA L2 - 3.4 - Asset Allocation Processes and the Mean-Variance Model
Strategic asset allocation 1,
Utility functions in terms of exp...,
Risky asset s weight w of 3
10
cards
CAIA L2 - 3.5 - Other Asset Allocation Approaches
Core satellite approach 1,
Risk buckets 2,
Total risk of a portfolio 3
11
cards
CAIA L2 - 4.1 - Types of Asset Owners and the Investment Policy Statement
Main difference between endowment...,
4 types of pension funds 2,
Expected return for various asset...
9
cards
CAIA L2 - 4.2 - Foundations and the Endowment Model
Corpus 1,
Restricted gifts 2,
4 primary types of foundations 3
15
cards
CAIA L2 - 4.3 - Pension Fund Portfolio Management
Motivations for using pension pla...,
Cash balance plan 2,
Three approaches to managing asse...
16
cards
CAIA L2 - 4.4 - Sovereign Wealth Funds
Reserve account 1,
A country s currency will tend to...,
2 concerns of a country with depe...
11
cards
CAIA L2 - 4.5 - Family Offices and the Family Office Model
First generation wealth 1,
Ultra high net worth families 2,
Function of a completion portfoli...
16
cards
CAIA L2 - 5.1 - Cases in Tail Risk
Reasons why amaranth advisors llc...,
Reasons why long term capital man...,
Reasons why carlyle capital corpo...
13
cards
CAIA L2 - 5.2 - Benchmarking and Performance Attribution
Attributes of an effective benchm...,
An appropriate benchmark for lai 2,
Excess return on a fund 3
18
cards
CAIA L2 - 5.3 - Liquidity and Funding Risks
Three terms that are 1,
Cross margin benefit 2,
Capital at risk car 3
16
cards
CAIA L2 - 5.4 - Hedging, Rebalancing, and Monitoring
Desired beta exposure new 1,
Portable alpha 2,
Put call parity 3
16
cards
CAIA L2 - 5.5 - Risk Measurement, Risk Management, and Risk Systems
Risk management vs risk measureme...,
5 components of risk measurement ...,
Data parameters collected 3
14
cards
CAIA L2 - 6.1 - Valuation and Hedging Using Binomial Trees
Four key components of 1,
Risk neutral probability of defau...,
Three fallacies generated by aver...
12
cards
CAIA L2 - 6.2 - Directional Strategies and Methods
Efficiently inefficient markets 1,
Signal to noise ratio 2,
Technical strategies 3
15
cards
CAIA L2 - 6.3 - Multivariate Empirical Methods and Performance Persistence
3 major categories of factors 1,
Principal component analysis pca 2,
Eigenvalue and factor loadings of...
17
cards
CAIA L2 - 6.4 - Relative Value Methods
Frictions that limits arbitrage 1,
4 steps of pairs trading 2,
Cointegration 3
13
cards
CAIA L2 - 6.5 - Valuation Methods for Private Assets: The Case of Real Estate
Depreciation tax shield 1,
Recaptured depreciation 2,
Depreciation as generating an int...
14
cards
CAIA L2 - 7.1 - Hedge Fund Replication
The basic assumption behind the c...,
If factor based replication produ...,
Alternative betas and list source...
18
cards
CAIA L2 - 7.2 - Diversified Access to Hedge Funds
Returns and risks of hfs vs equit...,
3 approaches used by investors to...,
4 ways that funds of hedge funds ...
13
cards
CAIA L2 - 7.3 - Access to Real Estate and Commodities
2 types of unlisted real estate f...,
Potential advantages and disadvan...,
Drivers of performance 3
19
cards
CAIA L2 - 7.4 - Access Through Private Structures
7 potential advantages 1,
Rational of investing in high fee...,
Ilpa guiding principles 3
19
cards
CAIA L2 - 7.5 - The Risk and Performance of Private and Listed Assets
2 forms of asset illiquidity 1,
Two ways to justify the significa...,
Interim internal rate of return i...
10
cards
CAIA L2 - 7.5 - The Risk and Performance of Private and Listed Assets COPY
2 forms of asset illiquidity 1,
Two ways to justify the significa...,
Interim internal rate of return i...
10
cards
CAIA L2 - 8.1 - Active Management and New Investments
Fundamental law of active managem...,
Foregone loss carryforward 2,
2 potential costs of staying with...
10
cards
CAIA L2 - 8.2 - Selection of a Fund Manager
The three phases of the 1,
Gatekeepers in a relation gp mark...,
Transition matrix in private equi...
14
cards
CAIA L2 - 8.3 - Investment Process Due Diligence
Quantitative due diligence 1,
3 categories of activities in man...,
Costs of fund due diligence 3
17
cards
CAIA L2 - 8.4 - Operational Due Diligence
Rogue trader risk 1,
4 main functions of noninvestment...,
4 primary categories of fund cash 3
21
cards
CAIA L2 - 8.5 - Due Diligence of Terms and Business Activities
Types of documents collected in a...,
3 alternatives for lps investors 2,
5 common operational fund committ...
16
cards
CAIA L2 - 9.1 - Volatility as a Factor Exposure
Implied vs realized volatility 1,
3 limitations of realized volatil...,
6 properties of realized volatili...
18
cards
CAIA L2 - 9.2 - Volatility, Correlation, and Dispersion Products and Strategies
Theta 1,
Writing option straddles and stra...,
2 primary performance drivers 3
18
cards
CAIA L2 - 9.3 - Complexity and Structured Products
Risk knightian uncertainty ambigu...,
Complexity crashes 2,
Complexity risk premium 3
17
cards
CAIA L2 - 9.4 - Insurance-Linked and Hybrid Securities
Catastrophe bonds 1,
4 trigger types of catastrophe bo...,
Coupon rate of cat bonds 3
16
cards
CAIA L2 - 9.5 - Complexity and the Case of Cross-Border Real Estate Investing
Total cross border real estate re...,
Variance of a foreign asset eg in...,
How to construct a natural hedge 3
14
cards
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CAIA Level 2
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