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5 - FNB - Finance and Banking

FNB 156 - Chartered Alternative Investment Analyst (CAIA) Certificate Preparation

Code Start Date Duration Venue
FNB 156 18 December 2023 10 Days Istanbul Registration Form Link
FNB 156 22 January 2024 10 Days Istanbul Registration Form Link
FNB 156 19 February 2024 10 Days Istanbul Registration Form Link
FNB 156 18 March 2024 10 Days Istanbul Registration Form Link
FNB 156 15 April 2024 10 Days Istanbul Registration Form Link
FNB 156 13 May 2024 10 Days Istanbul Registration Form Link
FNB 156 03 June 2024 10 Days Istanbul Registration Form Link
FNB 156 08 July 2024 10 Days Istanbul Registration Form Link
FNB 156 05 August 2024 10 Days Istanbul Registration Form Link
FNB 156 02 September 2024 10 Days Istanbul Registration Form Link
FNB 156 28 October 2024 10 Days Istanbul Registration Form Link
FNB 156 25 November 2024 10 Days Istanbul Registration Form Link
FNB 156 23 December 2024 10 Days Istanbul Registration Form Link
Please contact us for fees


Course Description

Employers and clients alike will demand experienced, trustworthy professionals with working knowledge of the Alternative Investment industry. The CAIA designation is recognized globally as the benchmark for analysis, application, and standards of practice in the alternative investment arena.

The Chartered Alternative Investment Analyst designation is meant for financial professionals who will be working primarily in the alternative investment space. This usually means people working for hedge funds and private equity, although a CAIA designation is also useful to people working for traditional financial institutions in non-traditional roles, like those managing the derivatives book or the trading desk.

This is a course preparation for certification exam/procedure. The fee doesn't include exam fee. The exam date and application should be done by participant(s) themselves. Please contact us for details and further clarification.

Course Objectives

  • Demonstrate knowledge of Professional Standards and Ethics
  • Understand the legal structures in alternative investing
  • Discuss land as an alternative asset
  • Learning about the process of evaluating a hedge fund investment program
  • Gaining an overview of financial structuring
  • Learning how ESG impacts private equity
  • Demonstrate knowledge of constraints within investment policy 

Who Should Attend?

  • Investment Analyst 
  • Investment Manager 
  • Portfolio Manager 
  • Credit Structurer 
  • Risk Analyst

Course Details/Schedule

Day 1

  • Professional Standards and Ethics 
  • Professionalism
  • Integrity of Capital Markets
  • Duties to Clients
  • Duties to Employers
  • Investment Analysis, Recommendations, and Actions
  • Conflicts of Interest

Day 2

  • Introduction to Alternative Investments 
  • What is an Alternative Investment?
  • The Environment of Alternative Investments
  • Quantitative Foundations
  • Statistical Foundations
  • Foundations of Financial Economics
  • Derivatives and Risk-Neutral Valuation
  • Measures of Risk and Performance
  • Alpha, Beta, and Hypothesis Testing

Day 3

  • Real Assets, Including Commodities 
  • Natural Resources and Land
  • Commodities
  • Other Real Assets
  • Real Estate and Debt
  • Real Estate Equity
  • Hedge Funds
  • Structure of the Hedge Fund Industry
  • Macro and Managed Futures Funds
  • Event-Driven Hedge Funds
  • Relative Value Hedge Funds
  • Equity Hedge Funds
  • Funds of Hedge Funds

Day 4

  • Private Equity 
  • Private Equity Assets
  • Private Equity Funds
  • Private Credit and Distressed Debt
  • Structured Products
  • Introduction to Structuring
  • Credit Risk and Credit Derivatives
  • CDO Structuring of Credit Risk
  • Equity-Linked Structured Products

Day 5

  • Ethics, Regulation, and ESG 
  • Asset Manager Code of Professional Conduct 
  • Global Regulation
  • ESG and Alternative Investments
  • ESG Analysis and Application
  • 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

Day 6

  • 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
  • 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

Day 7

  • 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

Day 8

  • Accessing Alternative Investments
  • Due Diligence and Selecting Strategies 
  • 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

Day 9

  • 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

Day 10

  • 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