CAIA Mini Quiz

Whether you work in a hedge fund, for a pension fund, or in a large investment bank, understanding alternative investment strategies is more important than ever. 

So how strong is your Alternative Investment knowledge? 

Do you know how to:

• Compare and contrast the conflicts of interest affecting stock and operating performance of internally advised REITs versus externally advised REITs?
  

• Understand and construct hedges, including stock hedge with mandatory issues, basket hedge, synthetic worksheet hedge, and dividend reduction convertible hedge, and analyze associated risks?
  

• Identify how adding a passive commodity index to a portfolio of stocks and bonds changes the efficient frontier?
  

• Discuss how asymmetry of information and illiquidity in the private equity markets presents problems for performance measurement?
  

Test your AI savvy with a CAIA Mini Quiz 

To send the CAIA Mini Quiz to a colleague, enter their email address below*:

The full set of sample questions are also available for Level I and Level II.  These sample questions can also be downloaded in PDF form below.

Level I (PDF)

Level II (PDF)

Please note: These sample questions are provided as a barometer for your AI knowledge only.  They do not cover the complete CAIA curriculum and are not intended to simulate the CAIA exams.

*The CAIA Association does not retain these email addresses and will not send any additional information to your colleagues.