CIPM Body of Knowledge
The major functional areas covered by the CIPM body of knowledge are:
- Ethical and professional standards
- Performance measurement, attribution, and appraisal
- The Global Investment Performance Standards (GIPS)
Ethical and Professional Standards
The Code of Ethics
The Standards of Professional Conduct
Performance Measurement, Attribution, and
Appraisal
Rate of Return Calculations
Time-Weighted
Money-Weighted
Approximation Methods
Real Estate
Private Equity
After-Tax
Portfolios Containing Futures and Options
Prior Period Adjustments
Benchmark Selection
Validity and Quality
Style Analysis
Capitalization- vs. Equal-Weighting
Liability-Based Benchmarks
Strategy Benchmarks
Attribution Analysis
Arithmetic
Geometric
Multicurrency
Portfolios Containing Futures
Long-Short and Market Neutral Strategies
Fixed Income
Multifactor Models
Ex Post Risk Measures
Alpha and Beta
Ratios (Treynor, Sharpe, Information, M2)
Downside Risk (Shortfall Risk, Expected Shortfall Value, Semideviation, Downside Deviation, Sortino Ratio)
Hedge Fund Risk (Calmar and Sterling Ratios)
Portfolio Performance Evaluation
Appraising Value Added
Manager Continuation Policies
Analysis and Evaluation of Total Fund Performance
The GIPS Standards
Fundamentals of Compliance
Input Data
Calculation Methodology
Composites
Disclosures
Presentation and Reporting
Real Estate
Private Equity
Verification
Advertising Guidelines
Guidance Statements