CAIA Level II

Books and Articles: Level II

The CAIA Association does not sell or maintain inventory of these readings. If you encounter any problems ordering study materials, please contact the bookseller(s) directly.

Books		Publisher	Amazon	Books on Biz
047198020X	Handbook of Alternative Assets, 2nd edition. Anson, Mark J.P. Edited by Frank J. Fabozzi. John Wiley & Sons, 2006.	Hardcover	Buy	Buy
0471423610	Convertible Arbitrage, Calamos, Nick. John Wiley & Sons, Inc., 2003.	-	Buy	Buy
0195155343	Real Estate Investment Trusts: Structure, Performance, and Investment Opportunities. Chan, Su Han, John Erickson, and Ko Wang. Oxford University Press, 2003.	-	Buy	-
1932495339	Standards of Practice Handbook, 9th edition. Charlottesville, Virginia: CFA Institute, 2005.	Buy	Buy	-
047001198X	Beyond the J-Curve: Managing a Portfolio of Venture Capital and Private Equity Funds. Meyer, Thomas and Pierre-Yves Mathonet. John Wiley & Sons, 2005.	-	Buy	Buy
0071412395	Quantitative Trading Strategies. Kestner, Lars. McGraw-Hill/Irwin, 2003.	-	Buy	-

In order to receive the BooksonBiz discount, enter the Redemption Code "caia001" in the section "Discount Coupon" during Step 2 of the checkout process. You will automatically receive your discount when you check out. An automated e-mail detailing your order will be sent, followed by a second email confirming the discount and a receipt.

The Level II articles currently listed for study are collected under one cover for purchase from II Journals via a secure link from our website. The cost of CAIA Level II: Current and Integrated Topics for March 2009 is $125.00.

Articles	Location
Amenc, N., W. Géhin, L. Martellini, and J.-C. Meyfredi. "The Myths and Limits of Passive Hedge Fund Replication." Edhec Risk and Asset Management Research Centre. June 2007, p. 4-38.	Buy
Barton, D. "The Asian Financial System: Recovered and Ready to Play a Significant Global Role." Speech to the Federal Reserve Bank of San Francisco. September 6, 2007, p. 1-41.
Chlistalla, M., P. Gomber, and S. S. Groth. "The New Landscape: How MiFID Drives Changes Among European Execution Venues." The Journal of Trading. Fall 2007, p. 69-79.
Fung, W.K.H., and D.A. Hsieh. "Hedge Funds: An Industry in Its Adolescence." Federal Reserve Bank of Atlanta, Economic Review. Fourth Quarter 2006, p. 1-34.
Gonzalez-Heres, J., and K. Beinkampen. "The Convergence of Private Equity and Hedge Funds." Morgan Stanley's Investment Management Journal. Vol. 2, no. 1, 2006, p. 1-10.
Gorton, G., and K. G. Rouwenhorst. "Facts and Fantasies about Commodity Futures." Financial Analysts Journal. Vol. 62, no. 2, 2006, p. 47-68.
He, G., and R. Litterman. "The Intuition Behind Black-Litterman Model Portfolios." Investment Management Research, Goldman Sachs Quantitative Resources Group. 1999, p. 1-19.
Hecht, P., and D. Mace. "The University of Chicago Investment Office: Investing in Timber." Harvard Business School Case No. 9-205-101, April 28, 2005, p. 1-12.
Idzorek, T.M., M. Barad, and S.L. Meier. "Global Commercial Real Estate." The Journal of Portfolio Management. Special Issue, 2007, p. 37-52.
Jaeger, L., and C. Wagner. "Factor Modeling and Benchmarking of Hedge Funds: Can Passive Investments in Hedge Fund Strategies Deliver?" The Journal of Alternative Investments. Winter 2005, p. 9-36.
Khandani, A.E., and A.W. Lo. "What Happened To The Quants In August 2007?" Journal of Investment Management. Vol. 5, no. 4, 2007, p. 29-78.
Krinsman, A.N. "Subprime Mortgage Meltdown: How Did It Happen and How Will It End?" The Journal of Structured Finance. Summer 2007, p. 13-19.
Mansour, A., and H. Nadji. "Performance Characteristics of Infrastructure Investments." RREEF Research - A Member of the Deutsche Bank Group. August 2007, p. 1-18.
Marcato, G., and T. Key. "Smoothing and Implications for Asset Allocation Choices." The Journal of Portfolio Management. Special Issue 2007, p. 85-98.
Meredith, R., N. De Brito, and R. De Figueiredo. "Portfolio Management with Illiquid Investments." Citi Alternative Investments. June 2006, p. 26-31.
O'Connell, E.J., and E.H. Goodman. "ABCs of Synthetic ABS." The Journal of Structured Finance. Spring 2006, p. 6-12.
Perold, A. F., and W.F. Sharpe. "Dynamic Strategies for Asset Allocation." Financial Analysts Journal. January/February 1988, p. 16-27.
Sharpe, W.F. "Expected Utility Asset Allocation." Financial Analysts Journal. Vol. 63, no. 5, 2007, p. 18-30.
Till, H. "Amaranth Lessons Thus Far." The Journal of Alternative Investments. Spring 2008, p. 82-98.
Viceira, L.M., and H.H. Tung. "Investment Policy at the Hewlett Foundation (2005)." Harvard Business School Case No. 9-205-126, January 26, 2006, p. 1-31.
Zaker, S. "Alternative Metrics." The Journal of Alternative Investments. Spring 2007, p. 79-92.

We encourage you to order the assigned readings as soon as possible so that you can begin studying.

Sometimes a vendor will run out of a particular title, so we provide several vendor links for each recommended reading. The CAIA Association cannot guarantee textbook availability from any given vendor.

Please Note: It is solely the candidate's responsibility to obtain all textbooks prior to the examination period and within a timeframe that will allow sufficient study. The CAIA Association does not allow an exam to be postponed due to late receipt of books. There are no exceptions to this policy.

These study materials apply to the March 2009 examination only.