What it is
Altkata is a native iPhone, iPad, and Mac app for learning alternative investments through short, focused study sessions you can finish every day. Each exercise tests a single concept — a definition, a regulatory threshold, a calculation. Unlike paper flashcards where you decide if you got it right, Altkata checks every answer against an authoritative key and gives you immediate feedback with the correct answer and a one-line explanation.
It's a general-purpose alts learning tool, not exam-prep software — if you're sitting for the CAIA exams, the curriculum overlap helps you prepare as a side effect.
Spaced repetition does the scheduling. The FSRS algorithm decides when to show each card again, just before you'd forget it. You finish your due reviews and a small batch of new cards, and then the app stops. No infinite scroll, no streaks-as-pressure.
1,586 exercises across 53 topics cover the foundations of alternative investments — accounting and financial-statement fundamentals, private equity, hedge funds, real estate, infrastructure, commodities, structured products, digital assets (blockchains, Bitcoin, stablecoins, DeFi), manager selection, due diligence, and the regulatory and tax frameworks that govern them. Content is curated to align with the CAIA Level I body of knowledge as one organizing lens.
Optional iCloud sync lets you pick up on iPad or Mac where you left off on iPhone, if you want. Local-only is a first-class mode.
An optional hands-free mode — off by default — reads each exercise aloud and listens for your spoken answer, so you can review by ear while walking or commuting. Turn it on in Settings.
Privacy
This app sends no data anywhere except your own iCloud (when iCloud is available). If you use the in-app Report Issue screen, it opens a prefilled email you review and send yourself; nothing leaves your device unless you send it. Crash and diagnostic reports go through Apple's standard, anonymized channel and reach only the developer.
No accounts. No third-party SDKs. No analytics. No ads. No tracking. The app does not phone home. More on privacy →
Affiliation
Altkata is independent and not affiliated with, sponsored by, or endorsed by the CAIA Association.