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MODULE 09 — Alternative Investments

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Tutorial lessons

Lesson2026-07-11

ALT 1 Alternative Investment Features, Methods, and Structures

What sets alternatives apart from traditional assets, how investors access them, and how ownership and fees are structured. Check-yourself items are study aids. What makes an investment alternative Al

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Lesson2026-07-11

ALT 2 Alternative Investment Performance and Returns

How the long life cycle, leverage, valuation, and layered fees of alternatives shape the returns investors actually keep. Check-yourself items are study aids. The investment life cycle and performance

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Lesson2026-07-11

ALT 3 Investments in Private Capital: Equity and Debt

How private equity and private debt are raised, structured, exited, and used to diversify a portfolio. Check-yourself items are study aids. Private Capital, Equity, and Debt Private capital is the umb

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Lesson2026-07-11

ALT 4 Real Estate and Infrastructure

How real estate and infrastructure assets are structured, how their returns arise, and where each sits on the risk and return spectrum. Check-yourself items are study aids. Real Estate and Infrastruct

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Lesson2026-07-11

ALT 5 Natural Resources

How raw land, timberland, farmland, and commodities behave as investments, and how carry, convenience yield, and inflation shape their returns. Check-yourself items are study aids. Land, Timberland, a

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Lesson2026-07-11

ALT 6 Hedge Funds

How hedge funds are structured, the strategies they run, and what they add to a portfolio. Check-yourself items are study aids. Hedge Fund Investment Features A hedge fund is a private pooled investme

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Lesson2026-07-11

ALT 7 Introduction to Digital Assets

CFA LEVEL 1 · ALTERNATIVE INVESTMENTS Introduction to Digital Assets Distributed ledgers, the main kinds of coin and token, how investors hold them, and where their risk and return come from. C

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