The course

• 1

  Start here

  Our full-length practice exam has 200 questions in four hours

  Free: A tour of Level I
• 2

  CAIA Ethical Principles

  40 of the 200 questions in our full mock

  Ethics, professionalism and fiduciary duty20 questions
• 3

  Introduction to Alternative Investments

  48 of the 200 questions in our full mock

  Alternative investments and their return statisticsAsset pricing, alpha and risk-adjusted performanceForwards, futures, options and swaps47 questions
• 4

  Real Assets

  28 of the 200 questions in our full mock

  Commodities, natural resources and landReal estate and infrastructure18 questions
• 5

  Private Equity and Private Debt

  40 of the 200 questions in our full mock

  Buyouts, venture capital and private equity returnsCredit risk, structuring and private credit31 questions
• 6

  Hedge Funds

  30 of the 200 questions in our full mock

  Free: Hedge fund structure, fees and equity strategiesMacro, managed futures and relative value20 questions
• 7

  Digital Assets

  14 of the 200 questions in our full mock

  Distributed ledgers and crypto in a portfolio11 questions
• 8

  Test day

  Pace 200 questions over four hours

  Test day