Manan Vaishnav CAIA’s Post

😯 I wasn't expecting to find life and career wisdom when studying for CAIA L2 and I doubt Mssrs. Ashby Monk and Gordon Clark had it in mind when writing about governance for long term investors (LTIs). 💡 Their concept of Idiosyncratic Advantage stood out to me for its applicability to life and to one's self-evaluation of their career. In the below, consider yourself the "investor". It's worth quoting in full: "Idiosyncratic Advantages: chosen metrics should not diminish investors’ ability to cultivate their own unique comparative advantages. With insourcing and re-intermediation, LTIs may develop entirely new and idiosyncratic capabilities and resources that reflect, in part, their origins and distinctive goals and objectives. These developments could affect not only LTIs’ investment strategies and their implementation but also their place in the market for investment opportunities. As a result, the measures and metrics chosen by an LTI need to be sensitive to their unique circumstances and discount the temptation to default to common practice. In many cases, institutional investors are too focused on what each other is doing. While valuable for benchmarking purposes, for asset owners to succeed they must cultivate their own comparative advantage (as is the case in many industries marked by innovation; see Gertler, 2003)." 🕰 We, as individuals, are long term investors -- in ourselves! 🌈 Each of us has idiosyncratic advantages 📏 As with asset owners, the challenge is to identify the appropriate metric by which to judge ourselves.  🔎 "Defaulting to common practice" is easier, but then you risk overlooking your advantage -- in life and in the marketplace.  (Works for employers, too!) Source: https://lnkd.in/ekJD3Vdk #caia #investinyourself #idiosyncratic

Encapsulating a premier professional body of knowledge — and taught by two of the world’s most prestigious business schools (Yale School of Management, University of Chicago Booth School of Business Executive Education) — the CIMA® certification provides comprehensive, rigorous, and detailed education to elite investment industry professionals around the world.👈 Research shows that CIMA professionals manage twice (2x) the assets per client, and generate twice (2x) the revenue per client, when compared to other practices! At our recent annual conference — #Experience2024 — we were happy to announce upcoming enhancements to the learning requirements for the CIMA certification, the curricula taught by the Investments & Wealth Institute and their elite educational partners, and revisions to the exam itself, which will fully go into effect on August 1, 2024. 🎓These updates were derived, as always, from a painstaking examination of the knowledge and skills needed by today’s most advanced financial and investment consulting professionals to ensure the CIMA certification remains on the leading edge of technical portfolio construction and risk management. If you are a CIMA certified professional, what are some of the long-term benefits of certification that have strengthened your career as an investment professional❓ Please share your thoughts in the comments! Read more here: https://lnkd.in/gD3YgWip

CFA or CAIA: does it matter? 🤔 The debate around the best qualification for investment professionals is one that will likely never end — and perhaps, it shouldn’t. As markets, technologies, and asset classes evolve, so do the skills required to navigate the investment landscape. Over the years, I’ve had numerous conversations with colleagues and peers, especially those just starting out, about how which qualifications are most helpful. As a fund selector, I’ve also discussed the value of these qualifications when analyzing fund management teams. Having spent a fair bit of time on both the CAIA (Chartered Alternative Investment Analyst) and CFA (Chartered Financial Analyst) programs, and with the benefit of a few years time to reflecting, here's my perspective: 🌟 CAIA: I truly appreciate the depth CAIA provides, especially in understanding alternative investments specifically from the perspective of institutional investors. The program takes the often-overlooked art and science of fund selection seriously, which I have certainly appreciated in my career analyzing alternative investment funds and advising clients. 🌟 CFA: On the other hand, the CFA program’s strength lies in its broad approach. It provides a solid knowledge-base across a wide range of topics that an investment professional is likely to encounter. I found this particularly valuable early in my career, filling gaps in my knowledge and giving me a deeper understanding of the industry. That said, the CFA program may not be as essential for those with advanced finance degrees and practical experience — in such cases, the incremental benefit might not justify the commitment required. Which one to choose❓ ➡️ If you’re focused on a career in managing alternative investments portfolios, fund selection, or advising clients in this space, CAIA is a fantastic choice. ➡️ If you’re early in your career and still exploring your path, especially without a finance background, the CFA program offers a solid, comprehensive foundation. It is also something of an industry benchmark and known for being demanding: if nothing else, it serves as a proof of dedication and commitment. 🌟When it comes to selecting funds: I don’t look for specific qualifications in the investment teams of target funds/GPs. The key is expertise in the specific area of focus. In many strategies, this expertise is so specialized that it's not something typically taught through a formal qualification. In other instances, an MBA or an accounting qualification may be more appropriate. For a medical practice roll-up strategy, a qualified physician with an MBA would be fantastic educational background. For a small cap infrastructure fund, a qualified engineer with CFA designation would be a better fit. ➡️ At the end of the day, credible experience will always trump a qualification, but additional knowledge never harms. In my case at least, I have found these qualifications very valuable

❗Final update: Obtained the Chartered Investment Manager (CIM®) Designation Achieving the CIM® Designation from the Canadian Securities Institute, marks the completion of a milestone in my career; One where my goal and commitment is to delivering the highest standard of investment management and personalized service to my clients. This journey has been both challenging and immensely rewarding. The rigorous curriculum required deep engagement with complex investment principles and practical portfolio management strategies. Throughout this process, I felt a profound sense of growth and accomplishment. Each study session and exam were an opportunity to enhance my analytical skills and refine my approach to managing client portfolios on an effective and efficient basis. The CIM® designation is not just an academic achievement; it is a reflection of the competency required to meet the sophisticated needs of modern investors and a testament to my preparedness for assuming greater responsibilities in portfolio management. The designation's comprehensive competency profile ensures that I am equipped with the latest tools and knowledge to excel in wealth management. As I celebrate this accomplishment, I look forward to applying my enhanced skills to serve my clients better and contribute to their financial success. The journey of learning and professional growth does not end here; it is a lifelong commitment to excellence in the ever-evolving field of financial services. Thank you to everyone who supported me through this journey. I am enthusiastic about the new opportunities that lie ahead and am more committed than ever to providing the best investment solutions and strategies to my clients. Feel free to connect with me to discuss how these enhanced capabilities can help meet your financial goals and aspirations. #CSI #InvestmentManagement #ProfessionalDevelopment #CareerAchievement #WealthManagement #FinancialAdvisor #FinancialServices #WealthManager #PeakHorizonWealth

The latest in alts education: UniFi by CAIA™’s Private Equity Microcredential. Designed for both experienced advisor and newcomers! “There are more considerations than ever for advisors to weigh,” says Aaron Filbeck, CAIA, CFA, CFP®, CIPM, FDP. InvestmentNews covers: https://bit.ly/4hCysNk #UniFibyCAIA #PrivateEquity #Investing #AlternativeInvestments #CAIANextIsHere

Investors can incorporate alternative asset classes into a variety of investment strategies, methods, and risk profiles. This enables them to establish a portfolio that conforms to their unique investment needs, regardless of whether they are trying to diversify from traditional listed equities and bonds or pursuing additional sources of returns.  Sylvia S. Kwan, CFA, CAIA, Ellevest #alternativeassets #connectmoney

📍The only post you ever need to understand the CAIA Exam The Chartered Alternative Investment Analyst (CAIA) designation is a globally recognized credential for professionals managing, analyzing, distributing, or regulating alternative investments. . Here’s a detailed overview: CAIA Exam Structure The CAIA program consists of two levels. Level I: Focuses on the fundamentals of alternative investments, including the different types of assets and investment strategies. Level II: Emphasizes the application of the knowledge acquired in Level I, along with issues pertinent to asset allocation, risk management, and investment theory. Content Areas Level I: Professional Standards and Ethics, Introduction to Alternative Investments, Real Assets, Hedge Funds, Private Equity, Structured Products, Risk Management and Portfolio Management Level II: Ethics, Regulations, and ESG, Models and Applications, Institutional Asset Owners and Investment Policies, Risk and Portfolio Management, Private Equity, Real Assets, Hedge Funds and Managed Futures, Structured Products Format Both levels are computer-based. Level I: Multiple-choice questions. Level II: Multiple-choice questions and essay questions. Exam Schedule Exam Windows: Offered twice a year, typically in March and September. Registration Deadlines: Early and final registration deadlines apply, with fees increasing as the deadline approaches. Preparation Study Materials: CAIA Association provides study guides, recommended readings, and sample questions. Third-party providers also offer study materials, courses, and practice exams. Study Time: On average, candidates spend about 200 hours studying for each level. Costs Registration Fees Initial registration fee: $400 (non-refundable). Exam fees vary by level and registration timing, generally around $1,150 to $1,250 per level. Benefits Recognition: The CAIA designation is recognized globally and is highly respected in the alternative investment industry. Career Opportunities: Enhances career prospects in hedge funds, private equity, real assets, structured products, and risk management. Networking: Access to a global network of CAIA charterholders and industry professionals. The CAIA designation can be a valuable asset for professionals in the finance and investment industry, particularly those specializing in alternative investments. Corporate Finance Institute® (CFI) CFA Institute CAIA Association #caia #finance #cfa #investment #privateequity #risk #portfolio

According to InvestmentNews, alts education is a must for advisors: https://bit.ly/3zaxarp – And that’s where CAIA Association comes in! Our very mission prioritizes professional education, transparency, and thought leadership across all investor alternatives in our industry! #investing #alternativeinvestments #ongoingeducation

Hello LinkedIn Community, I'm thrilled to announce a new milestone in my professional journey! I've successfully achieved the "𝐍𝐈𝐒𝐌-𝐒𝐞𝐫𝐢𝐞𝐬-𝐕-𝐀: 𝐌𝐮𝐭𝐮𝐚𝐥 𝐅𝐮𝐧𝐝 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐨𝐫𝐬 𝐂𝐞𝐫𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐄𝐱𝐚𝐦𝐢𝐧𝐚𝐭𝐢𝐨𝐧" from National Institute of Securities Markets (NISM). Look no further for comprehensive information on the NISM Series VA: Mutual Fund Distributor Examination. Let's delve into the registration process, exam structure, and key aspects you need to know! 1. Registration Process: Visit the NISM website to create an account. Provide necessary details and upload documents. Approval takes about three days. Log in post-approval, choose a test venue, date, and time slot. Pay the exam fee of INR 1500. 2. Exam Structure: The exam comprises 100 multiple-choice questions, each carrying one mark. Duration: 2 hours. Passing score: 50% with no negative marking. 3. NISM VA Certification Exam Pattern: Exam Format: Computer-based test (CBT) conducted online. Questions: MCQs where candidates select the correct option. Syllabus: Encompasses mutual fund concepts, regulations, and practices. 4. Syllabus Breakdown: Modules cover topics like Investment Landscape, Concept and Role of Mutual Fund, Legal Structure of MF in India, Legal and Regulatory Framework, Scheme Related Information, Fund Distribution, Channel Management Practices, and more. 5. Certification and Renewal: Successful candidates earn the NISM Series V-A: Mutual Fund Distributors Certification. Certification is valid for 3 years, requiring renewal through continuing professional education (CPE) programs. 6. Preparation Resources: NISM provides study materials like workbooks, guides, and sample papers. Comprehensive coverage to aid candidates in understanding concepts. Additional Resources: DevTech Finance' Youtube Playlist: https://lnkd.in/g-NhGgWB (I used the same to prepare for my exams and it has 2 mock tests and numerical problems as well) Preparing for the NISM Series VA exam is a journey toward gaining expertise in mutual fund distribution.🚀💼

Another AI (alternative investments) is new trend to mitigate volatility. The trend is your friends. 市場の激しい値動きを抑えるため、株式や債券のようなパブリックマーケットの複数の資産クラスを分散させるより代替投資使ってリスクを軽減する資産クラスが注目されている。Artificial IntelligenceでなくAlternative Investmentsの方を指す