Kathy Valentine
+1 (434) 951-5348
kathy.valentine@cfainstitute.org
Jessica Galehouse
+1 (434) 951-5376
jessica.galehouse@cfainstitute.org
60 Percent of CIPM Candidates Passed First Expert Exam
Charlottesville, Va., December 13, 2006 − CFA Institute today announced that 60 percent of the Expert level candidates in the Certificate in Investment Performance Measurement (CIPM) program passed the examination and will be entitled to use the CIPM designation upon satisfying an experience requirement.
A total of 165 candidates in 18 countries sat for the three-hour, computer-based Expert exam, which was administered for the first time during September–October 2006.
The CIPM program is designed to test candidates’ mastery of a specialized curriculum in the areas of ethics, performance evaluation, and application of the Global Investment Performance Standards (GIPS®). Certification recognizes a practitioner’s proficiency in applying analytical techniques and preparing GIPS-compliant presentations, which guide investment firms in fairly representing and fully disclosing performance results. The CIPM self-study program trains performance analysts, investment consultants, GIPS verifiers, compliance officers, regulators, and software developers, among others, to meet industry needs for well-qualified, ethically grounded performance professionals.
“We congratulate the candidates who have demonstrated their commitment to excellence by passing the rigorous Expert examination,” said Philip Lawton, Ph.D., CFA, head of the CIPM program. “They are the pioneers of this new credentialing program, and we look forward to welcoming them as the first CIPM certificate holders.”
In addition, 62 percent of the candidates enrolled in the Principles level of the CIPM program passed the exam they took in the September–October window. A total of 281 candidates in 17 countries sat for the three-hour, computer-based Principles exam.
Candidates who pass the Principles examination are eligible to enroll in the Expert level of the program. Both examinations cover professional ethics; investment performance measurement, attribution, and appraisal; and the GIPS standards.
Enrollment for both levels in the March–April 2007 examination window remains open through January 31, 2007.
The CIPM curriculum is offered online through courseware developed by CFA Institute in partnership with VCampus, an e-learning company based in Reston, Va. Examinations are administered during two periods each year at test centers operated by Pearson VUE, Bloomington, Minn.
Information about the CIPM program, including certification requirements, is available at www.cfainstitute.org/cipm. Questions may be directed to cipm@cfainstitute.org.
CFA Institute
CFA Institute is the global, non-profit professional association
that administers the Chartered Financial Analyst® (CFA®) curriculum and
examination program worldwide, publishes research, conducts
professional-development programs, and sets voluntary, ethics-based
professional and performance-reporting standards for the investment
industry. CFA Institute has more than 86,000 members in 130 countries and
territories, including the world’s 75,000 CFA charterholders, as well as
134 affiliated professional societies in 55 countries and territories.
CFA Institute is headquartered in Charlottesville, Va., USA, with
regional headquarters in London, Hong Kong, and New York. More
information may be found at www.cfainstitute.org. (Bloomberg users can find
CFA Institute at 497458Z).