CAIA Level I
Level I introduces the foundations of alternative investments. Candidates study asset classes, investment structures, and risk-return characteristics. They also learn how alternative assets may differ from traditional investments.
- Alternative investment fundamentals
- Private equity and hedge funds
- Real assets and commodities
- Investment risk and performance
- Ethics and professional standards
First, study one topic at a time. Next, answer practice questions and review every incorrect response. This process helps you identify misunderstandings before moving to more difficult material.