PMT Alternative Investment Management Guide

Alternative Investment Management is a PMT exam topic weighted at 11%. Use this chapter landing page to frame the mandate, operating model, technique, or reporting issue first, then move into the section lessons for the specific controls and portfolio-management decisions.

What this topic is really testing

• alternative categories, rationale, and portfolio role
• liquidity, valuation, leverage, and due diligence
• structures, fees, and benchmark challenges
• fit, control, reporting, and allocation decisions

Section lessons

Better first instincts

Common traps

• treating PMT as only investment selection instead of mandate-driven portfolio management
• ignoring operations and control evidence after a trade decision
• selecting a technique that exceeds the mandate or implementation capacity
• confusing performance measurement with clear client communication

In this section

• PMT Alternative Categories, Rationale, and Portfolio Role Guide
  CSI Portfolio Management Techniques study guide for alternative categories, rationale, and portfolio role, with learning objectives, mandate controls, operations cues, and exam traps.
• PMT Liquidity, Valuation, Leverage, and Due Diligence Guide
  CSI Portfolio Management Techniques study guide for liquidity, valuation, leverage, and due diligence, with learning objectives, mandate controls, operations cues, and exam traps.
• PMT Structures, Fees, and Benchmark Challenges Guide
  CSI Portfolio Management Techniques study guide for structures, fees, and benchmark challenges, with learning objectives, mandate controls, operations cues, and exam traps.
• PMT Fit, Control, Reporting, and Allocation Decisions Guide
  CSI Portfolio Management Techniques study guide for fit, control, reporting, and allocation decisions, with learning objectives, mandate controls, operations cues, and exam traps.