Browsing: CAIA Association

Posts Tagged ‘ CAIA Association ’

The Art of Due Diligence, Part I: The Story Beyond the Numbers

Feb 25th, 2021 | Filed under: Featured Post, Manager Selection, Newly Added, Risk Management, Hedge Funds

By Keith Black, PhD, CFA, CAIA, FDP, Managing Director, Content Strategy, CAIA Association and Mark S. Rzepczynski, PhD, Founding Partner and CEO, AMPHI Research and Trading Given the reliance on quantitative analysis in asset allocation, some investors may be tempted to continue with a numerical approach when filling their assetRead More


Lessons from CAIS 2020

Feb 11th, 2020 | Filed under: Data Science & AI, State of the Industry, Private Equity, Private Debt, Newly Added, Asset Allocation, ESG, Hedge Funds

John Bowman, CFA, Senior Managing Director at CAIA Association “You’re a kite dancing in a hurricane, Mr. Bond.” (Mr. White to 007, Spectre) Despite the crystal blue island water, softly rolling Caribbean tide, and perfect skies outside the hotel all week, I opened my conference wrap-up panel reminding delegates forRead More


The Dog Days of… print(“Season is”,season)

Jan 6th, 2020 | Filed under: Data Science & AI, State of the Industry, Access to Alternatives, Manager Selection, Asset Allocation, What About Beta?

By Bill Kelly, CEO, CAIA Association As a global organization, it is pleasing to know there is always a CAIA Association Member, somewhere in the world, enjoying the dog days of summer. Although we can’t get Portfolio Management Research to recognize the Southern Hemisphere of seasons on the cover ofRead More


Ebenezer Scrooge: An Alternative View

Dec 23rd, 2019 | Filed under: State of the Industry, Manager Selection, Newly Added, What About Beta?, ESG, Hedge Funds

By Bill Kelly, CEO, CAIA Association Ebenezer Scrooge was not exactly a cuddly CEO. The way he treated poor Bob Cratchit alone would not have exactly put Scrooge & Marley Ltd. in the top quartile of the Sustainalytics’ ESG Risk Ratings, as he routinely gutted any notion of social responsibility.Read More


Zebras Are Reactionaries

Sep 9th, 2019 | Filed under: State of the Industry, Newly Added, Asset Allocation, What About Beta?, Risk Management, Hedge Funds

Someone told me that it’s all happening At the Zoo. In this case, it was Paul Simon in his 1967 title song where he anthropomorphizes the animals he sees in the Central Park Zoo. Some are deemed to be honest, some kindly but dumb, and some insincere or skeptical, and,Read More


Oak-and-Tree and Larry Grows… 

Mar 25th, 2019 | Filed under: Newly Added, Asset Allocation, What About Beta?, Risk Management

By Bill Kelly, CEO, CAIA Association The adaptation to this week’s title harkens back to late 19th century Scotland where this was a play song more popularly known as “Oats and Beans and Barley Grow.” It was a song of action in a time and a place—where most of the wakingRead More


Dry, Drier, Driest 

Mar 11th, 2019 | Filed under: Newly Added, What About Beta?

By Bill Kelly, CEO, CAIA Association When it comes to dryness there are degrees of gradation, especially when it comes to the most discriminating tastes amongst us. Whether we are talking martinis, snow, or our skin, dry doesn’t always mean dry. We slake, salve, or schuss our way through, alwaysRead More


The Survey Says… 

Feb 11th, 2019 | Filed under: State of the Industry, Manager Selection, Newly Added, Asset Allocation, What About Beta?, Hedge Funds

By Bill Kelly, CEO, CAIA Association Earlier this year, we surveyed the CAIA Association Membership to ascertain their views on investment-related topics as we step into 2019. We had well over 1,000 responses which, according to the statisticians, puts us in the 95% confidence interval, plus or minus 3%. The respondents’ geographic breakdown tracked the home region of our broader Member base, andRead More


Anekāntavāda

Jan 7th, 2019 | Filed under: Newly Added, What About Beta?

By Bill Kelly, CEO, CAIA Association “You can look it up” was a quote often attributed to the late baseball great Casey Stengel. That was likely the early 1900s precursor to “you can Google it,” and if one punched anekantavada into their browser today, they would find a consensus definition of “many-sidedness.” Rest assured, the CAIA Members from India probably already knew this, given the origins of this word’s emergence from ancient India and the JainRead More


Why About Beta?

Jan 2nd, 2019 | Filed under: Newly Added, What About Beta?

By Bill Kelly, CEO, CAIA Association About a year ago I wrote a single contributed piece entitled What About Beta for CAIA’s AllAboutAlpha blog. I wrote it at a time when the long placid markets showed (perhaps with an angry vengeance) that volatility was still alive and well, and purposefully, that post came on the 20th anniversary of the S&P 500 index closing above 1,000 forRead More


Jeff Diehl: The View from SuperReturn Japan 2018, Part II

Dec 6th, 2018 | Filed under: State of the Industry, Featured Post, Private Equity, Private Debt, Newly Added

On Dec. 6, in Tokyo, Japan, the SuperReturn Japan 2018 event concluded. CAIA was a sponsor of this event, which was billed as “the world’s gateway to Japanese private equity and venture capital.” This is the second part and conclusion of our interview with Jeff Diehl, managing director at AdamsRead More


A Preqin Prequel? 

Nov 5th, 2018 | Filed under: State of the Industry, Manager Selection, Newly Added, Asset Allocation, What About Beta?, Commodities & Natural Resources

By Bill Kelly, CEO, CAIA Association In the world of cinema, by most accounts, it is The Godfather Part II that holds the top spot for best movie prequel. Interestingly, by design and title, it is also a sequel. Sequels at the box office are often panned but this production wasRead More


(IRR)ational Aggregation

Sep 10th, 2018 | Filed under: Real Estate, Private Equity, Private Debt, Newly Added, What About Beta?

By Bill Kelly, CEO, CAIA Association Many of us have had the experience of buying a home and often turn to the bank to provide some level of secured funding for that purchase. Banks, of course, require documentary evidence for the value of their collateral which, invariably, results in a market-based appraisal process resultingRead More


The Raining Credentials  

Sep 4th, 2018 | Filed under: Newly Added, What About Beta?

By Bill Kelly, CAIA Association CEO Missions, and the statements that embody them, are typically concise, focused, and executable around some type of formulated plan. Most missions are perpetual, and it’s rare that you will Google any business website and be greeted with the words “mission accomplished.” As many ofRead More


Private (In)equity 

Jul 30th, 2018 | Filed under: State of the Industry, Private Equity, Newly Added, What About Beta?

By Bill Kelly Private equity is quite simply capital not listed on a public exchange (props to Investopedia). This is certainly an apt description but as this asset class moves toward greater maturity, corresponding levels of responsibility and transparency must be ramped up too. Uninvested capital has reached dizzying heights which can only mean (on average) higher entry multiples, downward pressure on returns, lessRead More


Chain Blockers

Jul 16th, 2018 | Filed under: Emerging Asset Classes, State of the Industry, Access to Alternatives, Newly Added, What About Beta?

By Bill Kelly, CEO, CAIA Association The base case for distributed ledger technology (or DLT, and often used interchangeably with blockchain) is to create a trusted network of participants where there is just one ledger of account records shared by all and there is no central recordkeeper. Transactions are digitalRead More


A Cautionary Tale

Feb 20th, 2018 | Filed under: State of the Industry, Newly Added, What About Beta?

By Bill Kelly, CAIA Association CEO Shadow or not, the groundhog brought volatility out of its burrow on February 2nd, and it is safe to say that it will persist for a lot longer than the six weeks of additional winter in the Northeast part of the USA.  Along withRead More


Risk Parity: Is it a Strategy for a Sprint or a Marathon?

Aug 20th, 2017 | Filed under: Newly Added, Risk Management

Excerpted from the Alternative Investment Analyst Review, Volume 1, Issue 4 The Alternative Investment Analyst Review is the official publication of the CAIA Association. Access to the most current issue is an exclusive benefit of CAIA membership, while archived issues are available to the public in the Perspectives section atRead More


An Alternative Approach to Responsible Investing

Jul 31st, 2017 | Filed under: State of the Industry, Featured Post, Newly Added, ESG

On May 18, 2017, CAIA’s Boston Chapter held a panel discussion at the InterContinental Boston on “An Alternative Approach to Responsible Investing.” Moderated by Bill Kelly, CEO, CAIA Association, panelists included leading ESG investing experts Tim Brennan, Treasurer & CFO, Unitarian Universalist Association; Jeff Finkelman, CFA, Research Associate, Impact Investments,Read More


Updating CAIA’s Curriculum to Meet Industry Needs

Nov 22nd, 2015 | Filed under: State of the Industry, Featured Post, Newly Added

With a revised and updated curriculum, the CAIA Level I textbook offers the latest thinking and practices in the AI industry. Now is the best time to get started on earning the designation and demonstrating the credibility employers seek. Take a look as Keith Black, CAIA’s Managing Director of CurriculumRead More


Pension Funds as Alternative Investors Get Some Advice

Jan 28th, 2015 | Filed under: State of the Industry, Asset Allocation, Hedge Funds

As the CEO of AIMA, Jack Inglis, said: Many pension-fund trustees "are asking questions about their existing or prospective hedge fund allocations. Rarely has there been such demand for a realistic assessment of the benefits – and also the risks – associated with hedge fund investing.” The AIMA and CAIA are working together to meet that demand in a series of papers.Read More