Diversity, engagement and belonging remain at the core of CAIA's values and mission. In honor of Juneteenth, our US based office will be closed. This moment marks a day in American history in 1865, two years after the Emancipation Proclamation was signed, when the last group of Black Americans in Texas were freed from slavery. While we officially celebrate Juneteenth as a company holiday once a year, our broader aim is to work tirelessly all year long to build and nurture a more inclusive, diversified and client-centered culture in the investment profession.

This webinar demonstrated the application of reinforcement learning to create a financial model-free solution to the asset allocation problem, learning to solve the problem using time series and deep neural networks. Using a deep reinforcement model on US stocks and different deep learning architectures, including Long Short-Term Memory networks, Convolutional Neural Networks, and Recurrent Neural Networks. These architectures are compared with more traditional portfolio management approaches like mean-variance, minimum variance, risk parity, and equally weighted.

In this first session of the internship boot camp with AIMA & CAIA Association, we covered an overview of alternative investments and addressed current trends across the industry and asset classes. 

There's never been a more crucial time to stand out. The transformative effect of data science on the finance industry requires today's finance professionals to understand the application of big data, data mining, workflow automation and machine learning in investment decisions. The Financial Data Professional (FDP) is a global designation for investment professionals with data science skills.

The democratization of alternative investments beyond the institutional allocator salutes a new investor – the individual. Clients are finding their desired financial outcomes to be ever more elusive, resulting in a wave of new and innovative investment products coming to market. While this sparks investor interest, it also highlights a critical education gap across the entire value chain of the private wealth management industry.