The Alternative Investments section acts as the catch-all for all of the areas of the CFA exam that have not been previously discussed in detail by the early learning outcome statements. The subjects that will be covered include real estate funds, venture capital, hedge funds and commodities.

This section will mostly consist of definitions and descriptions of the various investment vehicles that fall under these categories. As in the other sections of the exam, the calculations are fairly easy to understand and compute. As always, it is recommended that you complete the actual readings concerning this program.

Open and closed-end funds

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