Aldous Huxley envisioned a wildly futuristic London in his highly acclaimed book, Brave New World.
The CFP Board Exam, if not exactly rivaling Mr. Huxley, now covers a deeper drill down into the esoterica of the 4th Asset Class, Alternative Investments.
What does this mean for those studying for the CFP® Exam? It is no longer enough to know the 3 traditional assets classes! For example, you should know that “carried interest” does NOT refer to a deferral of interest on your loan but rather describes a profit sharing convention used by managers of private equity and hedge funds.
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