Private investment pools that investment managers organise and manage. They are characterised by their availability to only a limited number of investors, agreements that lock up the investors’ capital for fixed periods, and performance-based managerial compensation.

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The CFA Institute Investment Foundations Program covers the essentials of finance, ethics, and investment roles, providing a clear understanding of the global investment industry.


1. Private investment pools that investment managers organise and manage. They are characterised by their availability to only a limited number of investors, agreements that lock up the investors’ capital for fixed periods, and performance-based managerial compensation.