CFA Institute – Alternative Investments Practice Problems 2026

Overview

Official CFA Institute practice problems and end-of-chapter questions for the Alternative Investments topic area, 2026 Level 1 curriculum.

Coverage

Module	Title	LOS
M01	AI Features, Methods and Structures	1.a–1.c
M02	AI Performance and Returns	2.a–2.b
M03	Investments in Private Capital: Equity and Debt	3.a–3.c
M04	Real Estate and Infrastructure	4.a–4.d
M05	Natural Resources	5.a–5.c
M06	Hedge Funds	6.a–6.c
M07	Introduction to Digital Assets	7.a–7.d

Usage

• Complete all practice questions after reading each module.
• Review incorrect answers and map back to the relevant LOS.
• Use the Subject Index to navigate between modules.