CAIA Level I: An Introduction to Core Topics in Alternative Investments, 2nd Edition

About the CAIA Association

The Chartered Alternative Investment Analyst Association^® is the global benchmark for alternative investment education. It grants the CAIA Charter upon successful completion of two levels of qualifying exams to candidates who possess relevant professional experience in finance or a related field; sponsors research and publications; connects alternative investments experts around the world; and advocates for the highest standards in professional conduct. The CAIA Association has more than 5,400 members in 75 countries and 15 affiliated chapters. More information can be found at CAIA.org.

About the Authors

Mark J. P. Anson, PhD, CAIA, is a Managing Partner at Oak Hill Investment Management, LP. Dr. Anson previously served as President and Executive Director of Investment Services at Nuveen Investments, Chief Executive Officer at Hermes Pension Management Limited, and Chief Investment Officer at California Public Employees' Retirement System. He has published over 100 research articles in professional journals, has won two Best Paper Awards, is the author of six financial textbooks, and sits on the editorial boards of several financial journals.

Donald R. Chambers, PhD, CAIA, an authority on critical alternative investment areas such as real estate and risk management, is the Associate Director of the Level I Curriculum at the CAIA Association as well as the Walter E. Hanson/KPMG Professor of Finance at Lafayette College in Easton, Pennsylvania. The author of fifty articles and several books on investments, corporate finance, and risk management, Dr. Chambers previously served as the Director of Alternative Investments at Karpus Investment Management.

Keith H. Black, PhD, CAIA, a leading expert in hedge funds, private equity, and asset allocation, is the author of “Managing a Hedge Fund,” and was named one of 2010’s “Rising Stars of Hedge Funds” by Institutional Investor magazine. The Associate Director of the Level II Curriculum at the CAIA Association, Dr. Black was previously an Associate at Ennis Knupp and, before that, an Assistant Professor at Illinois Institute of Technology.

Hossein Kazemi, PhD, CAIA, is a Cofounder of, and Program Director for, the CAIA Association. An authority on alternative investments, Dr. Kazemi specializes in the areas of securities, asset allocation, and active management investment products, and was involved in the development of the first investable hedge fund indices. He is a Professor of Finance at the University of Massachusetts Amherst, an Associate Director of the Center for International Securities and Derivatives Markets, and an Associate Editor of the Journal of Alternative Investments.