CAIA

What made me pursue CAIA was practical. In 2009 I was doing quantitative work at BlackRock and could model risk and returns, but I wanted to understand the strategies behind the non-traditional asset classes I was measuring. Earning the charter shaped the entire arc that followed. At BlackRock I moved from risk analyst to portfolio manager on a $30 billion multi-asset fund, then to the quant macro side at Tudor and later another New York hedge fund.

AMHERST, MA, (September 24, 2026) – CAIA Association today released The Window Narrows: Evergreen Funds and the Choice Before the Industry, a new report examining the rapid growth of evergreen funds and calling on the investment industry to strengthen the standard of care around how these vehicles are described, distributed and understood by investors.

By Georgina Tzanetos, CAIA Association Every so often, the industry builds a product that solves a real problem. Evergreen funds can safely be placed as such. For decades, access to private markets meant locking up capital for ten years or more. Evergreen structures changed that, as investors could now subscribe at NAV, skip the capital calls, and request redemptions on a regular schedule.

Evergreen vehicles are now one of the principal corridors between private markets and the wealth investor. The universe is large, growing fast, and strikingly young. The next chapter in private markets will be about responsibility. For years, the conversation around evergreen funds has centered on one idea: expanding access to private markets. That progress both raises the standard and requires more of our industry.

Beyond the traditional expectations of industry education programs, the Fundamentals of Alternative Investments (FAI) Certificate Program immerses you in the client’s experience, adopting a goals-based approach to clarify the role of these strategies in achieving client objectives. Understand “the language of your client” regardless of your role within the industry. This certificate is your gateway to understanding these complex strategies.

Authored by Georgina Tzanetos, Director of Content The August edition of this newsletter argued that allocator organizations have not scaled to match the complexity of the instruments they are asked to underwrite. This is the same problem approached from the valuation side. The instruments have become more complex, and the price signal used to check them has become more dependent on a single, relatively new source of capital.

By Jonathan Fula, Karim Jacquelin, FIS – APTimum, Mila Sherman, and Kristen Walters, CISDM Advisory Board, Isenberg School of Management, UMASS Amherst and Center for International Securities and Derivatives Markets (CISDM) 1. Stress Test Scenarios and Endowment Portfolio Impacts 1.1 Forward Looking Stress Scenarios Global markets face several correlated risks that could drive large, multi-variate market reversals. These scenarios share common drivers: inflation and interest rates.

How Artificial Intelligence Could Reshape the Organizational Architecture of the Single-Family Office By Frederic J Methlow The discussion of artificial intelligence in family offices has concentrated predominantly on operational efficiency: faster manager research, automated reporting, improved due diligence and more efficient data processing. This article argues that this perspective may underestimate AI’s ultimate impact.

By Stylianos Kampakis PhD, CEO, Tesseract Academy In this CAIA mini-course, we introduce the work of Stylianos Kampakis PhD, CEO of Tesseract Academy, and member of the Quantum Finance Boardroom. Each installment of this series will present a new chapter in Dr. Kampakis’ work on real estate tokenization.

Each year, CAIA identifies a set of themes that we believe deserve deeper attention such as structural shifts in capital markets, emerging opportunities and risks, and investment practices. These themes become the foundation for much of the content we create and curate throughout a given year. Below we highlighted a sneak peek of topics we focused on.