CAIA Attributes Improved Test Results To New Textbooks

May 9 2013 | 11:14am ET

A full 68% of the candidates sitting the Chartered Alternative Investment Analyst Level I exam in March passed.

Moreover, 65% passed the Level II exam, said the CAIA association, surpassing the September 2012 success rates of 64% and 62%, respectively.

CAIA said new course materials released in 2012 contributed to the improved performance. The association revised and expanded CAIA textbooks last year to reflect changing alternative markets. The new texts include real assets, timberland, farmland, and infrastructure. CAIA also launched new study tools, including free sample exams and workbooks to support candidates in their self-study programs.

The program is designed to teach candidates to analyze and evaluate investments in hedge funds, private equity, real estate, managed futures and real assets, in addition to constructing portfolios comprised of both traditional and alternative assets.  

Membership in the association is reserved for those professionals who pass the exams and fulfill the requirements of the CAIA Charter.

“Employers and investors are looking for professionals with a deep and current understanding of the dynamic world of alternatives,” said Florence Lombard, CAIA Association CEO. “CAIA’s comprehensive, up-to-date program prepares individuals with the knowledge and practical skills needed to succeed in that world.”

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