Explain the concepts

1. List major contrasts between venture capital and buyouts (4 points)
2. List major types of real assets other than land and other types of real estate. (4 points)
3. List major types of alternative investments other than real assets in the CFA curriculum. (4 points)
4. Name structures that differentiate traditional and alternative investments. (5 points)
5. Name return characteristics that differentiate traditional and alternative investments. (5 points)
6. Name major methods of analysis that distinguish alternative investments

from traditional investments. (5 points)

7. Describe an incomplete market. (5 points)
8. Define active management. (5 points)
9. What distinguishes use of the term pure arbitrage from the more general use of

the term arbitrage? (5 points)