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Certification for Alternative Investment Risk Management

Thread starter #1
Hi everybody.

I am thinking about FRM.

Alternative assets seem to not be specifically explored. Is there a dedicated certification in complement of FRM for alternative Assets?

Many thanks.
 

David Harper CFA FRM

David Harper CFA FRM
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#2
Hi @Scorpy Thank you for dropping by. :) I agree with the substance of your assertion, alternative assets are not really explored in the FRM. Part 2 Topic 8 does perennially review hedge fund strategies (and sometimes private equity more generally) but it's not a deep treatment. Andrew Ang's excellent Asset Management was added this year, so the FRM does touch upon issues (and strategies, instruments etc) common to alternatives, but not in a cohesive, formal way. Have you looked at https://www.caia.org/ (and they recently introduced a more "efficient version" in https://www.caia.org/programs/fundamentals which I tend to think of as CAIA's answer to the CFA's "efficient version" called Investment Foundations https://www.cfainstitute.org/programs/investmentfoundations/Pages/index.aspx). When you say alternatives, I think of CAIA ...
 
Thread starter #3
Hi David.

Thank you for your answer.
I agree, when we talk about alternatives, we all think of CAIA. But it is not focussed on risk. Risks are discussed, but not deeper enough in my opinion to say to my management i have the knowledge and i am certified to manage risk on alternatives.
I am waiting my management (COO) to revert on FRM. I would like to cover also alternatives to be able to cover the risk of all our investments. But i haven't find the good certification yet.
 
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