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AIWMI AIM Exam Syllabus Topics:

SectionObjectives
Topic 1: Risk Management & Performance Evaluation- Risk measurement frameworks
  • 1. VaR, Sharpe, Treynor, Jensen metrics
    • 2. Factor models and CAPM extensions
      Topic 2: Portfolio Management- Portfolio construction and optimization
      • 1. Risk budgeting and asset allocation
        • 2. Modern portfolio theory
          Topic 3: Marketing, Sales & Due Diligence- Alternative investment distribution and analysis
          • 1. Capital raising and sales models
            • 2. Fund due diligence processes
              Topic 4: Commodities and Managed Futures- Commodity markets
              • 1. Futures investing strategies
                • 2. Managed futures and asset allocation
                  Topic 5: Structured Products & Credit Derivatives- Structured finance instruments
                  • 1. CDOs and credit derivatives
                    • 2. SPVs and structured product mechanics
                      Topic 6: Introduction to Alternative Investments- Overview of alternative investments
                      • 1. Industry trends
                        • 2. Role in strategic asset allocation
                          • 3. Due diligence fundamentals
                            Topic 7: Real Estate Investments- Real estate asset classes
                            • 1. Mortgage-backed securities
                              • 2. Valuation and appraisal methods
                                • 3. REITs and commercial real estate
                                  Topic 8: Private Equity- Private equity structures and lifecycle
                                  • 1. Distressed and special situations
                                    • 2. LBO and mezzanine financing
                                      • 3. Risk and return characteristics
                                        • 4. Angel, venture, and growth capital
                                          Topic 9: Hedge Funds- Hedge fund strategies and evaluation
                                          • 1. Performance benchmarking
                                            • 2. Risk management and due diligence

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