Since the Hedge Fund Group launched the Certified Hedge Fund Professional designation we have grown incredibly quickly with more than 1,200 participants spanning many different countries. A few of our participants wanted to share their experiences in the Certified Hedge Fund Professional program. Here is a selection of video quotes on the CHP designation.
First, a Level 1 Certified Hedge Fund Professional explains why the Certified Hedge Fund Professional program is in such high-demand and how it services a very specific area:
Transcript:
Hedge funds evoke strong reactions for most people. For some they represent the ills of financial capitalism. But for others they represent the very spirit of financial entrepreneurship. Either the twist, their importance into this financial world can hardly be understood.
However, despite their growing relevance and popularity, they’re not there as a subject in most of the business schools around the world. Consequently, most of the learning in this industry is on their job. However, going to that local secrecy and a lack of after demand, getting a job at a hedge fund is highly difficult. There are various ways in which aspirants try to secure a job at hedge fund. Some join the investment bonds, sell-side analysts hoping to jump into the boat as buy-side analyst at a hedge fund. Others, take internships as junior analyst or juniors traders hoping to be able to convert it into a full-time position in 6 months to one year. The competition ladder is really tough.
And that is where a program like CHP, Certified Hedge Fund Professional, are a tremendous value. Not only is the program highly prestigious but at the same time it provides us stakes with the in depth knowledge of the hedge fund industry along with the specialization in either of both for the analytics, due diligence or marketing. The standard of exam is really very high and the candidate has no choice but how to be tied to with the course material. And receiving the certificate that they can truly understand how the industry works and develop an analytical mindset in order to succeed in the industry.
A part from the knowledge the certificate also provides access to a large database of hedge fund professionals. This database is highly unmatched and it’s difficult to find similarity elsewhere. From a personal standpoint I work at a reputable hedge fund as a research analyst in Singapore and I can stay with conviction that rightly in CHP level 1 and CHP level 2, and becoming a certified hedge fund professional has provided me with the knowledge and he definition factor that is needed to succeed in this competitive industry in all my career.
A second Certified Hedge Fund Professional training participant explains her background, why she completed Level 1 of the CHP designation and the benefits that she received from the program:
Transcript:
Hello, this is Christine Zaremba. Thank you for tuning in to my 3-minute video presentation on my background, why I completed level 1 of the Certified Hedge Fund Professional designation and what benefits I’ve received by complete level 1 of the CHP designation.
I began my career as a receptionist at Diamondback Capital Management, a firm based in Stanford, Connecticut. I commuted there every day for a couple of weeks and eventually began utilizing my training at the New York City based hedge fund. I worked with hedge funds professionals from around the tri-state area at the newly acquired Diamondback Advisors New York, LLC. My primary obligations were to support equity analysts, traders, researchers, portfolio managers as well as our office management and our newly forming clientele. Taking on the role of two receptionists at this brand new construction site did not deter me from gearing my way towards the path to success.
The few months I worked at this hedge fund in 2008 is what inspired me to begin earning certified hedge fund professional designation about a year later. Here I gained insight into the backgrounds of the interesting people who worked at this hedge fund, either a few days a week or around the clock and I earned a great deal of respect from their satisfaction with their professions. Most of all, I enjoyed greeting new clients and representing the New York firm as the face of Diamondback New York.
I completed CHP level 1 because I knew relatively little about the hedge fund industry in this role. Since my preliminary understanding consisted solely of how each professional interacted with one another, I needed to acquire information into business practices in order to access information and current industry trends and pricing models. I utilized the Bloomberg trading platform only temporarily so I could not advance my trading skills beyond mere pricing inquiries.
The platform did however open my eyes to new exchanges in foreign markets and territories as well keeping me informed with financial news from around the world. Global currency is another evolving topic that I became enthusiastic about learning. One particular example I read on your website that I’d like to gain insight into is the aftereffects of the Diamondback Capital Management and Lehman Brothers deal. I heard the Diamondback lost $77M on the deal but nothing ever again.
At the time I worked for Diamondback they opened a new hedge fund in New York and they told me they were creating new funds in Connecticut surrounding their Stanford headquarters including Harbor Watch. What I’d like to know is what happens to the idea of creating new hedge funds when capital management firms’ performance fees are sacrificed at every existing location? And will professionals sacrifice their performance fees based on their rate of return at firms such as Diamondback even in the aftermath of such an occurrence?
The greatest benefit I’ve earned by completing the level 1 CHP designation is by far networking with hedge fund professionals. Not only our friends and extended family extremely enthusiastic about sharing their knowledge in hedge fund stories, new positions are becoming available as my initial desire which was to become an administrator at an alternative based asset hedge fund in the city evolved into keeping my career options open after taking this course. I find the additional marketing materials that the hedge fund group CHP designation provides to be extremely rewarding and valuable in terms of learning what works and what doesn’t work within the hedge fund industry.
For example, last Tuesday’s hedge fund career webinar, without this free real-time service providing program, I could not develop my resume, work with a free career tips, learn about service providing and hedge fund startups and gain a more thorough and an insightful understanding into exactly why I’m taking this course in the first place. Only one position in my life has brought me all three factors, an enthusiasm for passion, I was the best in world at it and I never made such a great profit within a short amount of time that I worked at Diamondback as I have at any other position.
I seek continuing on my path towards success by earning the respect of successful hedge fund professionals being very consistent with the quality of work that I produce and having the patience and positive attitude required to meet the demands of the hedge fund industry and firm business practices. I believe the instruction that those who can grow their specialized knowledge more quickly grow themselves as an asset and as a direct result are worth more. My path to success does consist of being proactive and taking risks, daily action and quick learning. I plan to uncover hidden opportunities that I didn’t know exist yet.
Thank you so much for providing service materials in addition to the Certified Hedge Fund Professional designation course materials. Have a great evening.
This participant explains how the Certified Hedge Fund Professional has complemented his fifteen years of experience in the alternative investment industry:
Transcript:
I am an independent financial adviser and a portfolio manager. I have an experience of more than 50 years in the alternative investment area. I have in my entire professional career worked with equity derivatives and designing alternative strategies with options. I advice what’s fair with clients to the level of alternative strategies in their portfolios, mainly working with their investment balance and with their private bankers advisors.
When I found out the CHP designation program, the first thing that I did was to have a look to recommend it to the others, and I found them very useful and practical. I have to say that the program is very analytic and it gives enough resources to go into the K factors of the alternative investments. One of the most interesting points of the program has been related with the different strategies of the hedge fund world. From my point view, I think that the program treat all the matters in a very doable way.
The alternative investment and the hedge fund industry require a competent knowledge. Firstly, it’s important to know about the wide classes of assets. Second, it is very important to understand about the different types of strategies on how they work. And finally, it is necessary to have a clear understanding about the new terms and terminology that involve the style of investment management. In some way, if you’re not able to analyze in depth the different strategies, is probably that you don’t understand how important it is to have a clear understanding.
My experience tell me that to build a portfolio it is necessary to analyze the respective return basis on the risk taken for the individual assets and it is necessary to evaluate the effect of that analysis into the total portfolio. In the absolute return industry it is a problem to treat any portfolio construction in a selfish manner. In this sense, I find this program very complete and absolutely focalized in the K factors, other times to understand the decision-taking process and to manage a portfolio, or other times to analyze the risk factors that involves in a trained decision. As far, as I am specializing in equity derivatives it has been an opportunity to have a global view of the alternative investment industry. And now, it has been very interesting to study in depth the other different strategies of the hedge fund world.
Therefore, I think that it has not been only an opportunity to improve my knowledge in all the areas of the study but definitely an opportunity to learn and to have a better understanding about the absolute return industry and I am sure that it will help me in the future together on my professional career.
The Certified Hedge Fund Professional designation program has really taken off since its inception in 2008. I hope that these videos have given you a better idea of the Certified Hedge Fund Professional designation.
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