March 5, 2018 – NEW YORK -- OppenheimerFunds, a leading global asset manager, announced it has partnered with the Chartered Alternative Investment Analyst (CAIA) Association, a trusted provider of alternative investment education, to develop specialized alternative investment training for the firm’s client engagement teams and further serve the needs of high net worth (HNW) clients.
In October 2017, OppenheimerFunds announced a joint venture with The Carlyle Group to provide global private credit solutions and deliver long-term income capabilities to HNW investors. The specialized alternative investment training from CAIA will be its first comprehensive program to include private credit focused education and will be made available to OppenheimerFunds consultants serving HNW teams as part of the joint venture initiative.
“Bringing the highest industry standard to our client facing staff with CAIA is unique and powerful,” said Kamal Bhatia, Director and CEO of the JV. “We want to be the trusted authority for private capital solutions to high net worth advisor teams. The rigorous learning standards of this program will elevate the quality and acumen of our teams to deliver on that goal.”
Founded in 2002, CAIA is a leading provider of education programs designed for individuals specializing in institutional-quality alternative investments. The company is pioneering efforts to bring independent and in-depth training that combines traditional alternatives with private capital expertise to help consultants serving HNW teams.
“It has become increasingly important for client facing teams to keep up with the ever widening spectrum of alternative asset products and strategies, as well as with the regulations surrounding them," said William J. Kelly, CEO of CAIA. “Instilling both knowledge and a set of best practices is at the core of what CAIA provides to its members and the other professionals who make use of our programs. We’re very excited to be working on this initiative with OppenheimerFunds as they look to make education an important part of their solution delivery to their high net worth clients.”
OppenheimerFunds, Inc., a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $249 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of February 28, 2018.
Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm’s 16 investment management teams specialize in equity, fixed income, alternative, multi-asset, and factor and revenue-weighted-ETF strategies, including ESG as a signatory of the UN PRI. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from pensions and endowments to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. The firm is also active through its Philanthropy & Community initiative: 10,000 Kids by 2020, reaching children with introductions to math literacy programs.
About the CAIA Association
The CAIA Association is the world leader in alternative investment education, offering the only education program uniquely designed for individuals specializing in institutional-quality alternative investments. The Association is best known for the CAIA Charter, an internationally recognized credential granted upon successful completion of a rigorous two-level exam series, combined with relevant work experience. Earning the CAIA Charter is the gateway to becoming a Member of the CAIA Association, a global network of more than 9,000 alternative investment professionals located in more than 90 countries. CAIA also offers the Fundamentals of Alternative Investments Certificate Program (”Fundamentals”), an introductory-level online course, designed to provide a foundation in the core concepts in alternative investing. This program represents a natural extension of CAIA’s mission to provide solutions to specific market needs for alternative investment education.