Crap…..It looks like they changed the curriculum for September 2010…
From what i see, all the books are the same except the CURRENT AND INTEGRATED TOPICS book. Here’s the revisions:
NEW ARTICLES:
Coval, J., J. Jurek, and E. Stafford. “The Economics of Structured Finance.”
Journal of Economic Perspectives. Vol. 23, no. 1.Winter 2009, p. 3–25.
Brunnermeier, M., A. Crocket, C. Goodhart, A. Persaud, and H. Shin. “The
Fundamental Principles of Financial Regulation.” Geneva Reports on the World
Economy, International Center for Monetary and Banking Studies. 2009. Chapters
2 and 3.
Hill, J. “A Perspective on Liquidity Risk and Horizon Uncertainty.” The Journal
of Portfolio Management. Vol. 35, no. 4, Summer 2009, p. 60-68.
Healy, A. and A. Lo. “Jumping the Gates: Using Beta-Overlay Strategies to
Hedge Liquidity Constraints.” Journal of Investment Management. Vol. 7, no. 3,
Third Quarter 2009, p. 11-30.
Klier, D., M. Welge, and K. Harrigan. “The Changing Face of Private Equity:
How Modern Private Equity Firms Manage Investment Portfolios.” The Journal
Of Private Equity. Vol. 12, no. 4, Fall 2009, p. 7-13.
Phalippou, L. “Beware of Venturing into Private Equity.” Journal of Economic
Perspectives. Vol. 23, no. 1, Winter 2009, p. 147–166.
Derwall, J., J. Huij, D. Brounen, and W. Marquering. “REIT Momentum and the
Performance of Real Estate Mutual Funds.” Financial Analysts Journal. Vol. 65,
no. 5, September/October 2009, p. 24-34.
Clarke, A. and N. Motson. “Locking in the Profits or Putting It All on Black? An
Empirical Investigation into the Risk-Taking Behavior of Hedge Fund Managers.”
The Journal of Alternative Investments. Vol. 12, no. 2, Fall 2009, p. 7-25.
————————————-
DELETED ARTICLES:
Mansour, A., and H. Nadji. “Performance Characteristics of Infrastructure
Investments.” RREEF Research - A Member of the Deutsche Bank Group.
August 2007, p. 1-18.
Gonzalez-Heres, J., and K. Beinkampen. “The Convergence of Private Equity and
Hedge Funds.” Morgan Stanley’s Investment Management Journal. Vol. 2, no. 1,
2006, p. 1-10.
Idzorek, T.M., M. Barad, and S.L. Meier. “Global Commercial Real Estate.” The
Journal of Portfolio Management. Special Issue, 2007, p. 37-52.
Till, H. “Amaranth Lessons Thus Far.” The Journal of Alternative Investments.
Spring 2008, p. 82-98.
Bhansali, V. “Tail Risk Management.” The Journal of Portfolio Management.
Summer 2008, p. 68-75.
Sullivan, R. “Taming Global Village Risk.” The Journal of Portfolio
Management. Summer 2008, p. 58-67.
Fung, W.K.H., and D.A. Hsieh. “Hedge Funds: An Industry in Its Adolescence.”
Federal Reserve Bank of Atlanta, Economic Review. Fourth Quarter 2006, p. 1-
34.
Conroy, R. and Harris, R. “How Good are Private Equity Returns?” Journal of
Applied Corporate Finance. Vol. 19, no. 3, Summer 2007, p. 96-108.
————————————-
MIGHT BE THE SAME (not sure):
PREVIOUS: Perold, A. F., and W.F. Sharpe. “Dynamic Strategies for Asset Allocation.”
Financial Analysts Journal. January/February 1988, p. 16-27.
CURRENT: Perold, A. F. and W.F. Sharpe. “Dynamic Strategies for Asset Allocation.”
Financial Analysts Journal. January/February 1995, p. 149-160.
I bet the curriculum will change one book every exam period to keep the material fresh. So everyone can kiss the resale value of their Schweser/Uppermark books goodbye. If you study from the official books, it’s not so bad being burned on one book. We can leave it on our coffee table and look smart….WIN! =o/
What better incentive to pass this in the first sitting itself. Groan! At this rate Kaplan and Uppermark will soon be out of business.
Updating every semester is actually better for prepatory guides. Most people aren’t going to chance a pass with outdated material.
* Level I Exam Session: September 13 - 24, 2010.
* Level II Exam Session: September 20 - October 1, 2010.
* Registration for the September 2010 examinations opens April 5, 2010.
* Early registration ends May 17, 2010.
* Exam registration closes August 2, 2010.
I’m going to start hunting for books. Anyone feel like selling/giving material, please let me know.
jarvey
is your list complete of all the changes?
hope to hear back from you.
Well i made the list at 2am that day. But i would say this list is pretty accurate. The Current & Integrated Topics has just been updated and therefore the articles will differ from the version we used for the March exam.
is there a link to view the changes on the caia or schweser website?
i don’t know of any. i compared the March and September study guides to figure it out…
is there a link for the new program?
what is the link for the revised program?
goto the CAIA website and look at the current CAIA 2 study guide…