Chartered Alternative Investment Analyst (CAIA) Examination Preparatory Course

The HKSI Institute is pleased to offer preparatory course for the CAIA examinations.  The course for the Level I & Level II March 2015 CAIA examination is scheduled for January 2015 respectively.  The course's thorough coverage of the CAIA curriculum material and the dedication of the HKSI Institute ensure comprehension and preparation for the examination.  The HKSI Institute uses UpperMark™ ** Suites as materials for the preparatory course.

Course Schedule for the Level I & Level II March 2015 CAIA Examination

Content Duration (Hours) Dates*

Level I

  • Professional Standards and Ethics
  • Introduction to Alternative Investments
  • Real Assets
  • Hedge Funds
  • Commodities
  • Private Equity
  • Structured Products
  • Risk Management and Portfolio Management
30 hours

For March 2015 CAIA Exam

3 Jan, 10 Jan, 17 Jan & 24 Jan 2015
(9:00am-1:00pm & 2:00pm-5:30pm)

Level II

  • Professional Standards and Ethics
  • Private Equity
  • Real Assets
  • Commodities
  • Hedge Funds and Managed Futures
  • Structured Products
  • Asset Allocation and Portfolio Management
  • Risk and Risk Management
  • Manager Selection, Due Diligence, and Regulation
30 hours

For March 2015 CAIA Exam

4 Jan, 11 Jan, 18 Jan & 25 Jan 2015
(9:00am-1:00pm & 2:00pm-5:30pm)

Instructor: Dr. Lai Man Kit


Dr. Lai is the Principal Consultant of Executive Training and Management Consultancy Company Limited. In recent years, he has offered professional consulting services and quality training programmes to a number of financial institutions, business organizations and academic units in China, Hong Kong, Japan and Singapore. He has been delivering training programmes for HKSI over nine years. He has extensive experience in teaching courses related to Licensing Examination (LE), Certified International Wealth Management (CIWM) Examination preparatory courses and various finance related subjects, including equity, derivatives, funds and bonds. Dr Lai obtained a doctorate in finance at the London Business School.  He is the author of a number of professional publications, e.g. Study Manual to International Certificate for Financial Advisers Chapters 7 and 8 (English, revised ed., 2009).


Enrolment :

January 2015 Intake - Levels I & II : Present - 24 December 2014

Course Materials : UpperMark Suite for the Level I & II CAIA Examination
Medium of Instruction : English
Course Fee Level I: (Application form)

: HKD13,500 (Members of HKSI# & AIMA)
: HKD16,500 (HKSI Student Members or Non-members)


Level II: (Application form)

: HKD15,000 (Members of HKSI* & AIMA)
HKD18,000 (HKSI Student Members or Non-members)

Venue : HKSI Training Centre, 24/F, Wing On Centre, 111 Connaught Road Central, Hong Kong
Enquiry : (852) 3120 6100
E-mail :

#HKSI Institute Individual Members or staff of HKSI Institute Corporate Members

For details of the Preparatory Course, please click Level I / Level II to download the course leaflet.

UpperMark is the leading global provider of study materials for the CAIA examinations.  The company's exclusive focus on and long history working with the CAIA examinations make UpperMark the perfect partner for the HKSI preparatory course.  The UpperMark Suite packages offer integrated learning systems that provide candidates with advanced and comprehensive study materials, cutting-edge testing software, powerful review courses, and quick reference memorization tools.

** UpperMark™ is the Trademark of UpperMark, Inc.  All rights reserved.

CAIA examination preparatory course participants can purchase UpperMark Suites from UpperMarkTM directly or through HKSI based on their own needs. Please indicate clearly on the order forms (Level I) (Level II).

March 2015 CAIA Examination Dates

Level I - Examination Session: 9 - 20 March 2015

Level II - Examination Session: 2 - 13 March 2015

For details, please visit

Registration for the March 2015 CAIA Examinations

Registration for the March 2015 CAIA examinations opens now.

For details, please visit

Overview of the Chartered Alternative Investment Analyst Association

The Chartered Alternative Investment Analyst Association® (CAIA Association®) is a global community of dedicated finance practitioners committed to excellence in alternative investment (AI) education. Through the CAIA Association's boards and world-wide membership, they keep their finger on the pulse of the industry while staying true to their founding goal to elevate the standards of AI knowledge and professionalism across the investment world.

Founded in 2002, the CAIA Association is the sponsoring body for the only globally-recognized designation for AI expertise. Across the globe, the Chartered Alternative Investment AnalystSM (CAIA®) designation demonstrates mastery of alternative investment concepts, tools, and practices, and promotes adherence to the highest standards of professional conduct.

The CAIA designation provides the finance world with the global standard of education and professionalism that sets CAIA members apart. The CAIA program's diverse curriculum appeals to investment advisors, consultants and analysts, fund managers and administrators, accountants, lawyers, academics, and compliance and back office personnel.

For further information about the CAIA, please visit

CAIA Curriculum

The CAIA curriculum provides breadth and depth by placing an emphasis on foundations in the Level I program, and by addressing issues such as due diligence, portfolio management, risk management and portfolio monitoring in Level II. Ethics and professional codes of conduct are the cornerstones of their program and are therefore covered in both Levels. The CAIA Association recognizes the work of the CFA Institute in developing the internationally accepted Standards of Practice Handbook and has incorporated it into the CAIA curriculum. The study guides contain essential information for candidates.

For details, please visit