The CAIA Association is a global professional body dedicated to creating greater
alignment, transparency, and knowledge for all investors, with a specific
emphasis on alternative investments.
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COURSE OVERVIEW
The CAIA Association is a global professional body dedicated to creating greater
alignment, transparency, and knowledge for all investors, with a specific
emphasis on alternative investments. A Member-driven organization representing
professionals in more than 100 countries, CAIA Association advocates for the
highest ethical standards.
Whether you need a deep, practical understanding of the world of alternative
investments, a solid introduction, or data science skills for the future in
finance, the CAIA Association offers a program for you.
Why CAIA?
Distinguish yourself with knowledge, expertise, and a clear career advantage –
become a CAIA Charterholder. CAIA® is the globally recognized credential for
professionals allocating, managing, analyzing, distributing, or regulating
alternative investments.
The Level II curriculum takes a top-down approach and provides Candidates with
the skills and tools to conduct due diligence, monitor investments, and
appropriately construct an investment portfolio. In addition, the Level II
curriculum contains Emerging Topic readings; articles written by academics and
practitioners designed to further inform and provoke the Candidate’s investment
management process.
After passing the Level II exam you are eligible, with relevant professional
experience, to join the CAIA Association as a Member and receive the CAIA
Charter. You will be part of an elite group of more than 13,000 professionals
worldwide. Only after joining the Association, you are eligible to add the CAIA
designation to your professional profiles.
Who will benefit from enrolling in the CAIA program?
Professionals who want to develop a deep level of knowledge and demonstrated
expertise in alternative investments and their contribution to the diversified
portfolio should pursue the CAIA Charter including:
• Asset Allocators
• Risk managers
• Analysts
• Portfolio managers
• Traders
• Consultants
• Business development/marketing
• Operations
• Advisors
Curriculum Topics:
Topic 1: Emerging Topics
• Decentralized Finance: On Blockchain- and Smart Contract-Based Financial
Markets
• Technical Guide for Limited Partners: Responsible Investing in Private Equity
• Channels for Exposure to Bitcoin
• Assessing Long-Term Investor Performance: Principles, Policies and Metrics
• Demystifying Illiquid Assets: Expected Returns for Private Equity
• An Introduction to Portfolio Rebalancing Strategies
• Longevity and Liabilities: Bridging the Gap
• A Short Introduction to the World of Cryptocurrencies
Topic 2: Ethics, Regulation and ESG
• Asset Manager Code
• Recommendations and Guidance
• Global Regulation
• ESG and Alternative Investments
• ESG Analysis and Application
Topic 3: Models
• Modeling Overview and Interest Rate Models
• Credit Risk Models
• Multi-Factor Equity Pricing Models
• Asset Allocation Processes and the Mean-Variance Model
• Other Asset Allocation Approaches
Topic 4: Institutional Asset Owners and Investment Policies
• Types of Asset Owners and the Investment Policy Statement
• Foundations and the Endowment Model
• Pension Fund Portfolio Management
• Sovereign Wealth Funds
• Family Offices and the family office Model
Topic 5: Risk and Risk Management
• Cases in Tail Risk
• Benchmarking and Performance Attribution
• Liquidity and Funding Risks
• Hedging, Rebalancing, and Monitoring
• Risk Measurement, Risk Management, and Risk Systems
Topic 6: Methods for Alternative Investing
• Valuation and Hedging Using Binomial Trees
• Directional Strategies and Methods
• Multivariate Empirical Methods and Performance Persistence
• Relative Value Methods
• Valuation Methods for Private Assets: The Case of Real Estate
Topic 7: Accessing Alternative Investments
• Hedge Fund Replication
• Diversified Access to Hedge Funds
• Access to Real Estate and Commodities
• Access through Private Structures
• The Risk and Performance of Private and Listed Assets
Topic 8: Due Diligence and Selecting Managers
• Active Management and New Investments
• Selection of a Fund Manager
• Investment Process Due Diligence
• Operational Due Diligence
• Due Diligence of Terms and Business Activities
Topic 9: Volatility and Complex Strategies
• Volatility as a Factor Exposure
• Volatility, Correlation, and Dispersion Products and Strategies
• Complexity and Structured Products
• Insurance-Linked and Hybrid Securities
• Complexity and the Case of Cross-Border Real Estate Investing
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DURATION
200 Hours
WHATS INCLUDED
Course Material
Case Study
Experienced Lecturer
Refreshments
Certificate