Asset Allocation to Alternative Investments – Part I (2025 Level III CFA® – Reading 19)

Prep Packages for the CFA® Program offered by AnalystPrep (study notes, video lessons, question bank, mock exams, and much more):
Level I: analystprep.com/shop/cfa-level-1-learn-practice-pa…

Level II: analystprep.com/shop/learn-practice-package-for-le…

Level III: analystprep.com/shop/cfa-level-3-complete-course-b…

Levels I, II & III (Lifetime access): analystprep.com/shop/cfa-unlimited-package-for-lev…

Prep Packages for the FRM® Program:

FRM Part I & Part II (Lifetime access): analystprep.com/shop/unlimited-package-for-frm-par…

Topic 6 – Alternative Investments for Portfolio Management
Reading 19 – Asset Allocation to Alternative Investments – Part I
LOS: Explain the roles that alternative investments play in multi-asset portfolios.
LOS: Compare alternative investments and bonds as risk mitigators in relation to a long equity position.
LOS: Compare traditional and risk-based approaches to defining the investment opportunity set, including alternative investments.
LOS: Discuss investment considerations that are important in allocating to different types of alternative investments.