The pursuit of diversification for the average financial advisor is not as straightforward as it once was. From private capital to collectibles, the barriers to access alternative asset classes are lower than ever, thanks to regulatory changes and product innovation. In this webcast, Phil Huber, CFA, CFP®, and Aaron Filbeck, CAIA, CFA, CIPM, FDP, discussed Phil’s background, his approach to asset allocation and portfolio construction for his clients, and his new book, The Allocator’s Edge.
To support FDP Candidates and those considering the pursuit of the FDP Charter, we offered a brief, live webinar with our Curriculum team.
A typical Orientation Session includes the following:
• Review sample exam questions.
• Learn exam-taking tips.
• Have your questions answered by our exam experts.
Formal remarks of the presentation lasted approximately 45 minutes, with 15 minutes for Q&A. This webinar featured members of the FDP Curriculum Team as well as Candidate Relations. The following topics were discussed: Curriculum materials, exam format, and available resources. For each topic we discussed the required readings, keywords, learning objectives and sample questions.
By now, you probably know what an NFT is. You have also probably heard of the staggering sums being made by individuals. More recently, several funds have launched that are approaching investing in NFTs in an institutional manner. CAIA is excited to have put together a panel of Funds to discuss the various approaches being used to invest in this emerging asset class. We reviewed the term NFT, how NFTs are valued as well as some of the investment strategies being employed. This panel will be followed a few weeks later with a practicum on how to buy NFTs.
Diversification and digitalization are key factors in this challenging as well as shifting economy, in which African institutional investors juggle between currency restriction, language barriers and government regulation. During this webinar we speak about how to diversify investments by allocating to Alternative investments while complying to ESG standards.
Quantitative investors have long used traditional data sources, such as income statements and balance sheets of public firms, to drive stock selection models. With the explosion in the amount and diversity of data in the last five years, alternative data sources are quickly revolutionizing quantitative investing. Alternative data sources can include natural language processing of news and social media content, review of credit card transactions and consumer emails, and geolocation data using cell phone signals and satellite images.
Listen in as the Japan Alternative Data Accelerator Association and Financial Data Professional Institute have a discussion on the applications of alternative data in financial markets.
Dan Joldzic, CEO of Alexandria Technology and Keith Black, PhD, CFA, CAIA, FDP discussed how machines are interfacing with humans to effect manager selection and private asset secondary sales in this second installment of Turn Text to Alpha. After a quick recap of Part I (https://bit.ly/3r2k8nx), the webinar continued to discuss key questions that sit across technology and finance:
- Can machines actually uncover hidden patterns that escape the human eye and emotions?
- How would the interface between technology applications enhance our ability to pick the best managers and companies?
- What are the limitations on artificial intelligence and other machine learning based models that are most likely to hinder or interrupt results?
- Can AI be used to expedite the secondary sale of private assets?
Just a few years ago, the Financial Data Professional Institute was just an idea. Now, after five exam cycles, there are FDP Charterholders in 41 countries, and the global footprint is growing. CAIA CEO Bill Kelly and Keith Black, PhD, CFA, CAIA, FDP, Managing Director, Program Director, FDP Institute, discuss the curriculum, and why the FDP Institute’s highly specialized body of knowledge resonates with investment professionals.
There are many methods for conducting performance attribution with portfolios containing only liquid assets. A lack of periodic asset return data and a clear definition of what constitutes an appropriate market benchmark thwarts efforts to perform similar types of attribution analyses for portfolios of private equity funds (and other illiquid investments). This presentation covered a proposed methodology for decomposing private fund portfolio performance in an article, “Private Portfolio Attribution Analysis,” published in the Fall 2021 edition of The Journal of Alternative Investments.
There are currently over 11,000 cryptocurrencies and digital assets. With many experiencing price volatility of over 100% per year, or five times the volatility of stocks, there is substantial disagreement on how to value these assets. Some valuation models used for traditional equity valuation can be used to price these assets. Investors may also find it useful to understand business models, emerging industries, and oligopolistic models.
Map out your learning journey to obtain the CAIA Charter. CAIA EVP John Bowman shared the value add of the CAIA Charter, the updated curriculum, hiring trends, and how you can leverage your CAIA learnings as you advance your career. The CAIA team answered questions about the L1 and L2 programs, and cleared up any questions pertaining to testing.