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Alternative Investments - September 18, 2007

CAIA designation accelerates growth

Against the backdrop of record institutional investments into private equity, hedge funds, real estate, commodities, and derivatives, the number of candidates for the Chartered Alternative Investment Analyst® designation jumped 73% to 4,274 in 2007. Sponsored by the not-for-profit CAIA Association®, the charter attests to an individual’s mastery of the concepts, tools and practices essential for managing alternative vehicles.

While institutionalisation drives new alternative recruits and traditional finance professionals to the CAIA designation, seasoned alternative managers participate in the programme to structure knowledge developed on the job, explore other classes and acquire new techniques to face the competition-induced convergence between alternatives. 27% of exam-takers have been practising for less than 2 years but half of the candidates have been in the field for more than 5 years including some 21% who have over 10 years of experience.

“As alternative assets and strategies make their way into mainstream portfolios, the asset management industry requires an expanding base of professionals who fully understand the specific characteristics of these investments and this becomes all the more important in turbulent times,” explains EDHEC Business School Professor Frédéric Ducoulombier.

Guaranteeing a high level of competence to increasingly demanding investors, ensuring that staff has a thorough understanding of alternative investments from a portfolio perspective and allowing employees to easily move from asset class to asset class are the main drivers of institutional support for the CAIA programme. Candidates represent thousands of institutions ranging from prime brokerage, banking, advisory, consulting, asset management, and accounting firms to public and private pensions, foundations, family offices, regulators, and insurance companies.

Since the CAIA Association handpicked EDHEC as its exclusive provider of preparatory courses in Europe, the school has trained professionals from over 150 institutions across the continent with 90% success at the exams. “Fund managers, investment officers, analysts, consultants and advisors have been dominant in the classrooms, but we have also helped product, marketing and sales managers, as well as legal and compliance personnel advance their careers by adding the CAIA acronym after their names," says Ducoulombier. In September 2007, the CAIA Association released a survey showing that 65% of charter holders had received a salary increase, bonus or promotion which they attributed directly to their achievement of the designation.

Registration for EDHEC CAIA Level I (Paris: January 7-9, 2008; London: January 14-16, 2008) and Level II (London: January 16-18, 2008) review seminars is now open.

For further information, contact Mélanie Ruiz at +33 493 187 819 or by email.

Legal disclaimer: The CAIA Association® does not endorse, promote, review or warrant the accuracy of the products or services offered by EDHEC, nor does it endorse any pass rates claimed by the provider. The CAIA Association® is not responsible for any fees or costs paid by any person [or "any candidate"] to EDHEC nor is the CAIA Association® responsible for any fees or costs of any person or entity providing any services to EDHEC. CAIA®, CAIA Association®, Chartered Alternative Investment Analyst®, and Chartered Alternative Investment Analyst Association® are service marks and trademarks owned by CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION, INC., of Amherst, Massachusetts.