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Hedge Funds and Liquid Alternatives for Mutual Fund Representatives (HFLA)

 

What You Will Learn

LESSON 1: Introduction to Alternative Investments

  • What are Alternative Investments

LESSON 2: Investing in Alternatives — Benefits and Risks

  • Why Invest in Alternative Investments?
  • Efficient Frontier
  • Empirical Evidence
  • What is Risk?
  • Alternative Strategy Risk Drivers

LESSON 3: Alternative Investment Structures

  • Exempt Market Alternative Funds (Hedge Funds)
  • Who can Invest in Hedge Funds?
  • Hedge Fund Features
  • Alternative Mutual Funds (Liquid Alts)
  • Funds of Hedge (or Liquid Alts) Funds
  • Closed-End Funds
  • Exchange-Traded Funds (ETFs)

LESSON 4: Comparing Alternative Mutual Funds with Conventional Mutual Funds and Hedge Funds

  • Comparing Alternative Mutual Funds with Conventional Mutual Funds and Hedge Funds

LESSSON 5: Alternative Investment Strategies

  • Alternative Investment Strategy Categories
  • Relative Value Strategies
  • Event-Driven Strategies
  • Directional Strategies
  • Multi-Strategy Funds
  • Leveraged ETF Strategy
  • Investment Strategies Most Appropriate for Alternative Mutual Funds

LESSON 6: Alternative Strategy Fund Performance Measurement

  • Risk Measures
  • Performance Benchmark

LESSON 7: Due diligence and Suitability of Alternative Strategies

  • Key Due Diligence Areas for Advisors
  • A Comprehensive Due Diligence Process
  • Suitability

APPENDIX: An Introduction to Derivatives

  • What is a Derivative
QUIZ FORMAT
Quiz Format Online
Question Format Multiple Choice
Questions Per Quiz 50
Passing Grade 60%*
Attempts Allowed Unlimited
ENROLMENT PERIOD
Enrolment Period 6 months

* IMPORTANT: There is no maximum to the number of quiz attempts permitted, but only the first passing grade (60% or over) will appear on official web transcript.

Continuing Education (CE) Credits

Click the links below or the buttons at the top of the page on the right side to access CE accreditation information. To search for specific course information, press Ctrl + F and then enter the course name to search the document for the information you are interested in.

National/Provincial (Excluding Quebec)
Download CE Chart (PDF, 163 kb)

Quebec (IQPF/CSF)
Download IQPF/CSF Chart (PDF, 182 kb)

Please note: While CSI makes every effort to ensure that the information is up-to-date, we are unfortunately unable to fully guarantee its accuracy. The information listed in the charts above may be subject to change.

For details on the organizations and other information on CE Credits listed in the above charts, please click here.