STUDY SESSION 18 Alternative Investments
Investors are increasingly turning to alternative investments seeking diversification benefits and higher returns. This study session describes the common types of alternative investments, their valuation, their unique risks and opportunities, and their relation to traditional investments. Although defining “alternative investments” is difficult, certain features (e.g., limited liquidity and specialized legal structures) are typically associated with alternative investments. This study session describes features of alternative investments and their effects on investment decisions. The study session provides an overview of major categories of alternative investments, including hedge funds, private equity, real estate, commodities, and infrastructure.
Reading 60 Introduction to Alternative Investments