Skip to main content

Preparing for CAIA Level 2

I remember I scoffed about CAIA L1 exam. I found it all too easy, and started thinking CAIA should not really stand in one line with CFA. I am starting to change my mind. After some relatively easy sections on Real Estate and Private Equity, here come Hedge Funds and Structured Products, and all of a sudden the exam does not feel so easy any longer.

François-Serge Lhabitant, whose book Hedge Funds: Quantitative Insights I had the pleasure (and the pain) reading in the past, really knows what he is writing about... His in-much-detail description of Hedge Fund investment strategies is extremely informative, but memorizing all the formulas involved is no bed of roses. Same goes to the Structured Products.

With only a few weeks ahead before the exam, I feel I really need to step on the gas.


RELATED POSTS:
■

Comments

hotchpotch said…
Did u pass level 2 of CAIA? I have around 40 days before level 2 and cant decide whether there is a chance for me...

Popular posts from this blog

CFA Pass Rate

It is interesting to note that CFA pass rate has considerably declined over the years. It amounted to as much as 94% at the time of inception in 1963, and as little as 42% for the June exam of 2007. Of course, the total number of exam-takers has grown around 250 times, so these pass rates are not completely comparable, but the shift is considerable enough to show a clear trend. Is it the exam becoming more difficult, or the exam-takers are getting dumber? Let's just hope that I am one of the few lucky among the 42% when I receive my exam results in about two months... Original data is available at CFA Institute official site at the following URL: http://www.cfainstitute.org/cfaprog/pdf/candidate_results.pdf

To everyone leaving comments

Thank you for taking interest in my blog, I appreciate your comments. Please be informed that I enabled comments moderation, and every comment has to be approved before it is actually displayed. I had to do so because there was a case of inappropriate comments made at my blog, which brought no value to the readers. Therefore, do not be surprised if your comments are not displayed at once. It will take me from some minutes to some hours to read and approve their posting. Thank you for your understanding.