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CAIA's "Stackable Credential" Program Enters Second Year With Strong Momentum and Global Reach


First year of innovative program saw more than 1,000
CFA candidates from dozens of countries pursuing the CAIA Charter
for the benefit of the end investor

The Chartered
Alternative Investment Analyst (CAIA) Association
, the global leader
in alternative investment education, is marking the successful first
year of their "stackable
credential program,"
which allows a limited number of qualified
members of CFA Institute to move directly to Level II of the rigorous
two-part CAIA exam.

Since the program's inception, more than 1,000 CFA charterholders from
30 countries have enrolled. Many of the largest asset owners, asset
managers, and pension consultants are among the employers consistently
seen in the profiles of the Candidates approved to participate in this

"We have been very pleased with the reaction to our stackable credential
initiative and look forward to welcoming more CFA charterholders to the
ranks of CAIA Members," said William J. Kelly, CEO of CAIA. "We always
looked upon this program as ultimately a benefit to the asset owners for
whom we all have the pleasure and obligation to serve. The
early indications are that we are attracting the type of professional
who needs to have the requisite tools and training to approach an
increasingly diverse set of product offerings."

The essence of this pilot-based program came about as a result of a
detailed mapping of all three levels of the CFA exam into the CAIA
Level I program. The common learning outcomes cleared a pathway for the
CFA charterholder to extend and demonstrate their learning across the
entire risk premia spectrum, using the rigor of the CAIA Level II exam
as the completion portfolio.

A recent research report by Preqin is forecasting a 60% growth in
alternative assets in the next five years. Allocators and asset owners
from the largest sovereign wealth funds to the mass affluent will
continue to look beyond just the more traditional asset classes as they
seek to augment the 60/40 portfolio allocation. Absolute return
strategies or other uncorrelated asset classes will become even more
common, as investors look for lower volatility and better risk-adjusted
returns over time.

"The CFA Program and designation represent the highest distinction of
professionalism in the investment management industry," said Stephen
Horan, CFA, CIPM, CAIA Managing Director, Credentialing at CFA
Institute. "The partnership with CAIA highlights the combined benefits
these two programs have for professionals involved in multi-asset

for the Spring 2019 exam cycle is now open
, with discounts available
for those who register before May 13th. The CAIA Association
offers the only credential focused on the alternative investment space
and has become the global benchmark for alternative investment education.

About the CAIA Association

The CAIA Association is the world leader in alternative investment
education, offering the only education program uniquely designed for
individuals specializing in institutional-quality alternative
investments. The Association is best known for the CAIA Charter, an
internationally-recognized credential granted upon successful completion
of a rigorous two-level exam series, combined with relevant work
experience. Earning the CAIA Charter is the gateway to becoming a Member
of the CAIA Association, a global network of more than 10,000
alternative investment professionals located in more than 97 countries.
The Association supports 30 global Chapters in financial centers in
Europe, Asia-Pacific, and North America, including a Virtual Chapter
that brings together Members from far-flung locations around the world.
CAIA also offers the Fundamentals of Alternative
Investments certificate program ("Fundamentals"), an introductory-level
online course, designed to provide a foundation in the core concepts in
alternative investing. This program represents a natural extension of
CAIA's mission to provide solutions to specific market needs for
alternative investment education.

To learn more about the CAIA Association, contact Deborah McLean
(413) 253-7373 or
For more information on the CAIA Charter, please visit

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