Alternative Investment is only 3% of the exam but should not be ignored. Even 3% means that you can expect 7 or 8 questions. This is quite a lot considering that you have only one major reading and one small reading uder this topic.
Having said that, you don’t want to spend too much time on this topic at the expense of ‘heavy weights’ like FRA and Ethics.
Hence I suggest that you understand the main points and the practice questions in the Curriculum. If you have time you can do practice questions from other sources too…
For your benefit I’m including a playlist which will help you grasp the main concepts related to Alternative Investments.