Study guide

CAIA Level I study guide

Read a lesson, then practice the ideas you want to remember.

Lessons

  1. Blockchain Fundamentals & Digital Assets
  2. Crypto Portfolio Allocation & Custody — Free Study Guide 2026
  3. Funds of Funds & Multi-Manager Allocation
  4. CAIA Code of Ethics & Professional Conduct F
  5. Material Nonpublic Information & Misconduct
  6. Code Principles & Standards of Conduct — Free Study Guide 2026
  7. Equity Long/Short & Dedicated Short Bias
  8. Event-Driven & Arbitrage Strategies — Free Study Guide 2026
  9. Global Macro & Managed Futures CTAs — Free Study Guide 2026
  10. Hedge Fund Risk Metrics & Prime Brokerage
  11. Hedge Fund Structural Mechanics & Liquidity
  12. Relative Value & Fixed Income Arbitrage
  13. Alternative Asset Classes & Unique Character
  14. Fund Structures & Governance Mechanics — Free Study Guide 2026
  15. Quantitative Performance Metrics — Free Study Guide 2026
  16. Benchmark Selection & Public Market Equivale
  17. Fee Mechanics, Hurdle Rates & Waterfall Dist
  18. Operational Due Diligence & Risk Frameworks
  19. CAIA Level I Exam Overview & Facts — Free Study Guide 2026
  20. Credit Underwriting & Risk Analysis — Free Study Guide 2026
  21. Direct Lending & Private Credit Markets
  22. Insurance-Linked Securities & Catastrophe Bo
  23. Mezzanine Debt & Distressed Debt Strategies
  24. Securitization & Structured Products — Free Study Guide 2026
  25. Leveraged Buyouts & Buyout Strategies — Free Study Guide 2026
  26. Private Equity Value Creation & Exit Strateg
  27. Venture Capital & Growth Equity Investing
  28. Commodities Markets, Contango & Backwardatio
  29. Infrastructure Investing Concepts & Framewor
  30. Natural Resources, Timberland & Agriculture
  31. Real Estate Investment Strategies & Categori
  32. Real Estate Valuation, Cap Rates & NOI — Free Study Guide 2026
  33. Publicly Traded & Private REITs — Free CAIA Level 1 Guide 2026