CFA Institute Welcomes New CIPM Certificants
Fifty-two percent of the candidates who sat for the final Expert level exam in the Certificate in Investment Performance Measurement (CIPM®) Program passed the October 2014 exam. Pending experience and membership requirements, these 226 successful candidates will be able to use the CIPM designation, a mark of distinction for professionals seeking to increase their mastery of performance and risk evaluation principles and manager search and selection techniques. There are a total of 1,225 investment professionals who hold the CIPM designation, distinguishing them as accountable and deeply knowledgeable professionals committed to professional integrity and a client’s best interests.
The CIPM Program promotes professional and ethical excellence in portfolio evaluation and performance presentation, enabling investors to confidently compare investment results across managers. Using globally comparable and consistent metrics, certificants can provide clients with more transparent and insightful communications and in doing so help build trust in the investment industry. CIPM certificants and candidates include investment consultants, portfolio managers, investment performance analysts, client relationship managers, marketing managers, compliance officers, and risk managers, among others.
“Investor trust and market integrity remain primary concerns for investors in today’s markets,” said Rahul Keshap, head, Program Management. “According to the CFA Institute 2015 Global Market Sentiment Survey, released today, an increased adherence to ethical codes and standards is one of the most needed firm-level actions to improve investor trust and confidence. Investors who rely on CIPM certificants for manager selection and performance presentation can take comfort from their successful completion of the program and their understanding of ethical and professional standards. I congratulate our newest CIPM certificants for their marked dedication to rebuilding trust in the profession.”
In addition to the new certificants, 60 percent of 339 candidates in 38 countries who took the Principles level of the CIPM exam have passed. The Principles level exam emphasizes investment tools and inputs necessary for portfolio evaluation and presentation standards. Candidates who passed the Principles level exam are eligible to enroll in the Expert level of the program.
To earn the CIPM designation, candidates must pass two exams, become regular members of the CIPM Association, and meet professional experience requirements. The CIPM Program applies best practices in investment analysis techniques through a self-directed curriculum and tests proficiency in professional ethics, portfolio evaluation, and investment reporting. Approximately 70 percent of the CIPM curriculum and readings cover advanced portfolio evaluation (measurement, attribution, appraisal, manager selection). The remaining 30 percent covers ethical and professional standards, including how to use the Global Investment Performance Standards (GIPS®). The CIPM Program provides investors with rigorous portfolio evaluation skills in order to ethically evaluate investment decision making and communicate performance results.
Registration for both levels in the April 2015 examination window remains open through January 31, 2015. The CIPM curriculum is offered online and examinations are administered during two periods each year at test centers worldwide.