Who should enroll in the Fundamentals of Alternative Investments program?

The program is suitable for finance professionals, investment analysts, wealth managers, financial advisors, consultants, students, and other learners. Furthermore, it is useful for anyone seeking foundational knowledge of alternative investments.

Are there any prerequisites for the program?

No formal prerequisites are required. Therefore, learners from different academic and professional backgrounds can enroll without prior alternative investment certification.

What topics are covered in the program?

The program covers alternative investment foundations, equity strategies, credit strategies, real assets, diversifying strategies, and portfolio implementation. In addition, learners explore risk, return, valuation, and portfolio considerations.

Is the program self-paced?

Yes, the program is delivered online and is self-paced. Moreover, learners can study according to their schedules and progress through the available modules independently.

How long does it take to complete the program?

The program requires approximately 15 hours of learning. However, participants have up to one year from enrollment to complete the program.

Does the program have a traditional examination?

No, the Fundamentals program is not a traditional proctored CAIA Charter examination. Instead, learners complete the required online program content and associated learning activities.

What certificate is awarded after completion?

Upon successful completion, participants receive a Certificate of Completion and a verifiable digital badge. Furthermore, the credential can demonstrate foundational knowledge of alternative investments.

Where can I complete the program?

The program is delivered fully online, so learners can access it remotely rather than attending a physical examination center. Consequently, it is accessible to participants across different locations.

Does completing the program make me a CAIA Charter holder?

No. The Fundamentals program provides foundational education but does not award the CAIA Charter. Instead, professionals seeking the Charter must complete the separate CAIA Charter program requirements.

How does the program support professional development?

The CAIA Association Fundamentals of Alternative Investments builds structured knowledge of alternative assets and portfolio applications. Furthermore, it can provide a foundation for further study, including progression toward the CAIA Charter and careers in alternative investment management.

When are the exam dates?

The CAIA Association Fundamentals of Alternative Investments program is available for enrollment year-round, rather than following fixed March and September assessment cycles.

BERKELEY SCHOOL OF BUSINESS, ARTS & SCIENCES - CAIA Association

CAIA Association - Fundamentals of Alternative Investments

The CAIA Association Fundamentals of Alternative Investments develops practical knowledge of private equity, hedge funds, private debt, real assets, valuation, due diligence, risk, liquidity, and portfolio management. It provides a strong foundation for evaluating alternative investments and advancing in finance.

Specialization	Key Focus
Alternative Investment Fundamentals	Core concepts, structures and characteristics of alternative investments
Private Equity & Private Debt	Investment strategies, structures, risk factors and market applications
Real Assets & Infrastructure	Real estate, infrastructure and other tangible alternative assets
Hedge Funds & Digital Assets	Strategy fundamentals, characteristics, risks and portfolio considerations
Portfolio Diversification	Risk-return characteristics, asset allocation and the role of alternatives in portfolios

Offered by

CAIA Association

Head Office

Amherst, Massachusetts, USA.

Members

14,000+ Members Worldwide, 100+ Countries, Alternative Investment Professionals, Investment Managers, Analysts, Portfolio Managers, Private Equity Professionals, Hedge Fund Professionals, Institutional Investors

Vision & Mission

The CAIA Association aims to advance the understanding and professional practice of alternative investments worldwide. Moreover, its mission is to provide high-quality education, professional development, and industry resources that help investment professionals make informed decisions across alternative asset classes. Furthermore, the association promotes knowledge, ethical standards, and a global community of alternative investment professionals, supporting the continued growth and development of the alternative investments industry.

What is the eligibility

No prior certification is required.
No specific academic degree is required.
Suitable for finance and investment professionals.
Suitable for wealth managers, financial planners, and consultants.
Suitable for sales and marketing professionals.
Suitable for administration and operations professionals.
Suitable for accountants, lawyers, and compliance professionals.
Suitable for students and other learners seeking foundational alternative investment knowledge.
Professionals from asset management and wealth management can also benefit from the program.

Moreover, the program is designed to build a foundational understanding of alternative investments, so learners do not need advanced alternative investment experience before enrolling.

Important: Completing the Fundamentals program does not automatically make the learner a CAIA Association member. Membership eligibility is reserved for CAIA Charter holders.

Who can do?

Anyone who is interested to learn about following concepts can pursue CAIA Association - Fundamentals of Alternative Investments:

Alternative Investments, Private Equity, Hedge Funds, Private Debt, Real Assets, Portfolio Management, Investment Strategies, Asset Allocation, Investment Risk, Portfolio Diversification.

Individuals with the following designations:

Investment Analyst, Portfolio Manager, Investment Manager, Alternative Investment Analyst, Private Equity Analyst, Hedge Fund Analyst, Wealth Manager, Financial Advisor, Asset Manager, Investment Consultant, Financial Analyst, Risk Analyst, Investment Strategist, Portfolio Analyst, Institutional Investment Professional.

Course Structure

Eight online modules across three categories, with approximately 15 hours of learning.

Module 1: An Introduction to Alternative Investments

Introduces the defining characteristics, principal strategies and market relevance of alternative investments. Learners examine their role within diversified portfolios and the implications of illiquidity.

Defining Alternative Investments

Major Alternative Investment Strategies

Role in Diversified Portfolios

Illiquidity and Investor Considerations

Module 2: Risk and Return of Alternative Investments

Explores how alternative investments can be grouped according to common risk and return drivers. The module also introduces performance measurement and appropriate benchmarking methods.

Common Risk and Return Drivers

Alternative Investment Risk Characteristics

Performance Measurement

Benchmarking Alternative Investments

Module 3: Accessing Alternative Investments

Examines the structures through which investors access alternative investments. It introduces essential concepts such as net asset value, the J-curve, accredited investors and qualified purchasers.

Fund Vehicle Concepts and Terminology

Illiquid Investment Structures

Semi-Liquid and Liquid Structures

Vehicle Selection and Client Suitability

Module 4: Equity Strategies

Introduces alternative strategies investing primarily in public or private equity securities. Learners consider their characteristics, objectives, risks, performance and potential portfolio applications.

Public and Private Equity Strategies

Market Development and Current Relevance

Strategy Characteristics, Risks and Performance

Portfolio Integration and Client Suitability

Module 5: Credit Strategies

Explores alternative credit investments and their role in generating income and portfolio returns. It considers the development, characteristics, risks and performance of different credit strategies.

Alternative Credit Strategy Landscape

Credit Objectives and Return Drivers

Credit Risks and Performance Evaluation

Portfolio Integration and Client Suitability

Module 6: Real Assets Strategies

Introduces alternative investments backed by physical or tangible assets. Learners examine their market relevance, distinctive risks, performance characteristics and contribution to diversified portfolios.

Real Assets Strategy Landscape

Income and Inflation Protection Objectives

Strategy Characteristics, Risks and Performance

Portfolio Integration and Client Suitability

Module 7: Diversifying Strategies

Examines alternative strategies with flexible mandates or exposure to multiple asset classes. The module considers how these strategies may enhance diversification and manage portfolio risk.

Flexible-Mandate Strategies

Multi-Asset Diversifying Strategies

Strategy Characteristics, Risks and Performance

Portfolio Integration and Client Suitability

Module 8: Portfolio Implementation

Focuses on allocating and implementing alternative investments within institutional and wealth-management portfolios using a goals-based investment approach.

Goals-Based Investment Philosophy

Asset Allocation and Portfolio Construction

Liquidity and Operational Management

Client Communication and Portfolio Monitoring

Learning Methodology

Berkeley offers expertly developed learning materials tailored to meet participants' needs, ensuring comprehensive coverage of the syllabus and optimal exam preparation.

‣ Tailored Material: Guides are designed to cover the entire syllabus, offering full preparation and deep understanding.

‣ In-Depth Content: Unlike superficial outlines, our materials provide fully developed theories and concepts, equipping participants with complete knowledge.

‣ Strategic Study: We help participants prioritize study time by indicating the weight of each topic, allowing efficient focus on crucial areas.

‣ Difficulty Levels: Topics are labeled as "Awareness" or "Proficiency," guiding participants to allocate time based on the required depth of knowledge.

‣ Comprehensive Coverage: Our materials include detailed theory and a glossary of technical terms to clarify complex concepts.

‣ Effective Learning Techniques: Visual aids and memorization techniques ensure long-lasting retention, helping candidates succeed.

Berkeley’s methodologies equip participants with the essential knowledge and tools for both exams and future success.

Lectures

Our lecture plan integrates structured learning with interactive teaching methods, promoting engagement and collaboration. This approach ensures a comprehensive understanding of concepts, fostering critical thinking and practical application in real-world scenarios.

Practice Session

Practice sessions offer hands-on experience through guided exercises, enhancing skills and reinforcing knowledge. This practical approach ensures mastery of concepts, promoting.

Mock Examination

Mock examinations simulate real test conditions, providing valuable practice and assessment. This helps identify strengths and weaknesses, ensuring thorough preparation and boosting confidence for actual exams.

Berkeley's performance standards

Evaluates and ensure the quality of the training program and all its deliverables. This is measured through the following indicators:
‣ Instructors' experience and style in presenting and explaining topics.
‣ Variety and balance of teaching methods (such as discussions, case studies, mock exams, and videos) used in the course to ensure retention and to match the learning objectives.
‣ Level of interactivity.
‣ Feedback from program participants.
‣ Full compliance with Institute standards and guidelines for preparation and study requirements and methodology.
‣ Progress reports from the training program provider.

What are the Exam Information?

The CAIA Association Fundamentals of Alternative Investments is an online, self-paced certificate program covering eight modules on alternative investments, risk and return, investment strategies, and portfolio implementation. Learners have one year to complete approximately 15 hours of study. Upon completion, participants receive a certificate and verifiable Credly digital badge. The individual enrollment fee is US$795.

Exam Format & Duration

The CAIA Association Fundamentals of Alternative Investments is a fully online, self-paced certificate program with 8 modules requiring approximately 15 hours of study. It covers alternative investment foundations, equity and credit strategies, real assets, diversification, and portfolio implementation. Learners have up to one year to complete the program and receive a Certificate of Completion and verifiable digital badge. No separate traditional certification exam is specified.

Exam Dates

The CAIA Association Fundamentals of Alternative Investments has no fixed exam dates or examination windows. Enrollment is available year-round through the CAIA NXT platform, and learners can complete the self-paced program within one year. The program is assessed through completion-based learning rather than a traditional scheduled examination, with a certificate awarded upon successful completion.

Passing Criteria

The CAIA Association Fundamentals of Alternative Investments has no publicly specified numerical passing score. Participants must successfully complete the required online learning activities, practical applications, case studies, discussions, and exercises to earn the Certificate of Completion and verifiable Credly digital badge.

Exam Locations

The CAIA Association Fundamentals of Alternative Investments is delivered entirely online through the CAIA NXT platform, with no testing center or proctored exam required. Learners complete the self-paced program within 12 months and receive a certificate upon successful completion.

Training Calendar

CAIA Association - Fundamentals of Alternative Investments

Number of Lectures: 8

Delivery: Live Online Instructor-Led | Location: International

Dates: Start 25 Oct 2026 – End 20 Dec 2026

Enroll Enquire

CAIA Association - Fundamentals of Alternative Investments

Number of Lectures: 8

Delivery: Live Online Instructor-Led | Location: International

Dates: Start 29 Nov 2026 – End 24 Jan 2027

Enroll Enquire

CAIA Association - Fundamentals of Alternative Investments

Number of Lectures: 8

Delivery: Live Online Instructor-Led | Location: International

Dates: Start 31 Jan 2027 – End 28 Mar 2027

Enroll Enquire

Fee Structure

Self-Study Program

USD 1,500.00

CAIA Association - Fundamentals of Alternative Investments

E-book / study materials
Recorded video lectures
Berkeley flashcards
Practical sales exercises
18 months of course access

Live Online Batch Training

USD 2,500.00

CAIA Association - Fundamentals of Alternative Investments

E-book / study materials
Live interactive classes
Berkeley flashcards
Structured lecture sessions
Guided practice sessions
Practical assessments
Live teaching and question support
18 months of course access

Private Live One-to-One Online Training

USD 4,500.00

CAIA Association - Fundamentals of Alternative Investments

E-book / study materials
Private live classes
Berkeley flashcards
Personalised lecture plan
Guided practice sessions
Practical assessments
Individual attention and customised pace
Direct academic support and supervision

Private Live One-to-One Face-to-Face Training

USD 5,000.00

CAIA Association - Fundamentals of Alternative Investments

E-book / study materials
Private live classes
Berkeley flashcards
Personalised lecture plan
Guided practice sessions
Practical assessments
Individual attention and customised pace
Direct academic support and supervision

Success Stories

“As a strong advocate for education and human development, I commend Berkeley for its exceptional commitment to empowering future leaders. The institution stands as a symbol of excellence, innovation, and opportunity. Students who walk its halls are nurtured with knowledge, values, and vision—qualities that contribute to building a stronger and more prosperous future for our nation.”

- H.H. Shaikh Khalifa Al Hamid

Alumni Benefits

‣ Exclusive Networking Events: Access invitations to industry-leading events and thought-leadership gatherings featuring renowned speakers.

‣ Monthly Updates: Stay informed with a newsletter highlighting the latest research, events, and activities from the school.

‣ LinkedIn Community Access: Join the Executive Education LinkedIn group for networking and professional development opportunities.

‣ Educational Discounts: Enjoy a 20% discount on open-enrollment programs and access to workshops focused on emerging trends.

‣ Global Alumni Network: Connect with a diverse alumni community through the Berkeley School’s online network and engage in country and interest groups.

Visit our Alumni

CAIA Salary: Is It Worth the Investment?

The CAIA Association Fundamentals of Alternative Investments provides foundational knowledge of alternative investment markets, including private equity, hedge funds, private debt, real assets, portfolio diversification, investment strategies, risk, and performance analysis. Moreover, it strengthens investment knowledge and supports career development in roles such as Investment Analyst, Portfolio Analyst, Alternative Investment Analyst, Private Equity Analyst, Hedge Fund Analyst, Wealth Manager, Financial Analyst, Investment Consultant, and Asset Management Professional.

Potential Career Earnings After Completing the Program:

UK: £35,000–£75,000+ per year
Middle East: AED 120,000–300,000+ per year
USA: USD 60,000–125,000+ per year
Asia & Africa: Competitive salaries depending on role, qualifications, experience, industry, and location.

Progression Route:

Investment Fundamentals → Alternative Investments → CAIA Association Fundamentals of Alternative Investments → Investment Analyst → Alternative Investment Analyst → Portfolio Analyst → Investment Manager → Portfolio Manager / Alternative Investment Specialist

Build foundational knowledge through CAIA Association Fundamentals of Alternative Investments, then progress toward advanced alternative investment expertise through the CAIA Charter Program CAIA - Chartered Alternative Investment Analyst. Furthermore, professionals can strengthen their career profile through CAIA Association resources and professional development opportunities. The program can support progression into roles such as Investment Analyst, Alternative Investment Analyst, Private Equity Analyst, Hedge Fund Analyst, Portfolio Analyst, Wealth Manager, Investment Manager, and Portfolio Manager. Moreover, practical experience in alternative asset classes, portfolio construction, risk management, valuation, and investment analysis can support progression into senior investment and portfolio management positions.

What You Earn

You will get a certificate of completion, which is highly reputed and accepted by employers

Career Opportunities

Enhance your career prospects with a designation highly regarded in the alternative investment sector.

Professional Network

Access a global network of investment professionals and industry leaders through CAIA’s community.

Ethical Standards

Uphold the highest ethical standards in alternative investments, ensuring credibility and integrity in your profession.

Related courses

CAIA - Chartered Alternative Investment Analyst

The CAIA (Chartered Alternative Investment Analyst) designation is a leading certification for alternative investment professionals. Moreover, it covers hedge funds, private equity, and more, symbolizing expertise in complex investment strategies.

CFA – Chartered Financial Analyst

The CFA certification, awarded by the CFA Institute, develops advanced expertise in equity investments, fixed income, derivatives, alternative investments, portfolio management, and ethical decision-making. Across three levels, candidates strengthen analytical, quantitative, and problem-solving skills to address complex financial challenges in global capital markets.

FRM - Financial Risk Manager

The Financial Risk Manager (FRM) certification is a globally recognized credential awarded by the Global Association of Risk Professionals (GARP). It is designed for professionals in risk management, finance, and investment sectors, focusing on assessing, managing, and mitigating financial risks.

CIPM - Certificate in Investment Performance Measurement

The CIPM (Certificate in Investment Performance Measurement) program equips investment professionals with the knowledge and skills to measure, analyze, attribute, and report investment performance using globally recognized standards, including the Global Investment Performance Standards (GIPS).