The Chartered Alternative Investment Analyst (CAIA) Association, a hedge fund affiliated organization, is forming a new initiative to build an exam-based curriculum for alternative data professionals.
CAIA, an accreditation organization co-founded by the London-based hedge fund trade group Alternative Investment Management Association (AIMA) and the University of Massachusetts based Center for International Securities and Derivatives Markets, is forming an affiliated organization, the Chartered Alternative Data Analyst (CADA) Institute.
The CADA Institute will be initiating an advisory board comprised of hedge fund allocators, academics, investment professionals, data scientists, information technology leaders, and cryptocurrency experts to determine ethical standards and business practices surrounding alternative data. Existing members of CAIA will be given priority in developing a curriculum and credentialing model.
The organizers caution that planning of the curriculum is in early stages of development. Questions and solicitations of interest should be directed to firstname.lastname@example.org.
Like the Investment Data Standards Organization (IDSO), a non-profit launched last month to develop alternative data best practices, the Chartered Alternative Data Analyst Institute argues for the growing need for standards for the alternative data industry.
We have been arguing that the alternative data industry is at a place analogous to that of expert networks a decade ago. The alternative data industry is not immune to adverse media scrutiny, which in turn can lead to unwanted regulatory attention. The best protection for both consumers and producers is to collectively create and adopt consistent standards for the collection, dissemination and receipt of the data.