HEC Montréal and the CAIA Association Enter Academic Partnership Agreement
HEC Montréal to become the first university to incorporate the CAIA curriculum on alternative investments into its course of study
June 3, 2010
The internationally-known Chartered Alternative Investment Analyst (CAIA) Association, which is dedicated to education, professionalism, and ethics in the alternative investment area, announced yesterday the selection of HEC Montréal as the first academic partner in the newly established CAIA Academic Partnership Program. HEC Montréal was selected for its academic programs’ relevance to today’s world, its triple accreditation in management education, and its commitment to educating global industry leaders. HEC Montréal's Director, Michel Patry, and the CAIA Association's Director of Curriculum, Hossein Kazemi, signed the CAIA Academic Partnership Program agreement at a special ceremony in the School.
From left to right: Pierre Saint-Laurent, Full-time Faculty Lecturer – Finance, HEC Montréal, Christopher Holt, Director of Industry Relations, CAIA, Hossein Kazemi, Program Director, CAIA, Jean-Philippe Tarte, Full-time Lecturer – Finance, HEC Montréal, Martin Boyer, Professor of Finance, HEC Montréal, Michel Patry, Director, HEC Montréal.
The signing of the CAIA Academic Partnership Program agreement with HEC Montréal is a significant step for both organizations. For the first time, university students will be taught from the curriculum that finance professionals study to earn the CAIA designation, which is the only professional designation focused exclusively on alternative investments. Moreover, the CAIA Association will extend scholarships to meritorious HEC Montréal students to help them in starting their process towards attaining the CAIA designation.
“We are extremely pleased to have HEC Montréal as our first academic partner,” said Dr. Kazemi. “The School’s commitment to incorporate at least 60 percent of the CAIA curriculum into its program of study is a reflection of its dedication to prepare students for a rapidly changing world and to address the industry’s growing demand for qualified alternative investment experts,” Dr. Kazemi said.
“We are very proud to receive this recognition from CAIA,” said Mr. Patry. “For over a century now, HEC Montréal has been playing a leadership role in education and research in the field of finance, in part thanks to its distinguished faculty, among the largest in Canada. Despite the growing international competition facing the School, we have been able to innovate and remain relevant to the business world and the managers we train, as attested by our selection as a CAIA partner.”
The CAIA curriculum provides investment industry participants with an understanding of the risk-return attributes of alternative investments and their role in the asset allocation process. It is designed to teach candidates how to analyze and evaluate investments in hedge funds, private equity, real estate, managed futures, and real assets, and how to construct portfolios comprised of both traditional and alternative assets. Under the CAIA Academic Partnership Program, academic partners are required to cover at least 60 percent of the CAIA curriculum. Students interested in earning the CAIA designation will be required to sit for the CAIA Level I and Level II examinations.