2025 Materials for Level 1 & 2 are available now

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Level 2 Changes from 2024 to 2025

Topic 1: Institutional Asset Owners is now officially Topic 1 📚
Topic 2: New standalone topic "Asset Allocation," including a new reading on Total Portfolio Approach (TPA) 💡
Topic 3: Rebranded with no significant content changes 🔄
Topic 4: "Methods and Models" merges two previous topics, adding new readings like "Fixed Income Models" 📊
Topic 5: Reduced from 5 to 4 readings on Accessing Alternative Investments 🔻
Topic 6: No significant changes in Due Diligence and Selecting Managers 🔒
Topic 7: Adds "Complexity and Structured Products" from Level 1 🔄
Topic 8: Focuses on "Sustainability" instead of ESG 🌱
Topic 9: New readings include ChatGPT, and removed Bitcoin & Private Equity readings 🤖❌.

Level 1 Changes from 2024 to 2025

Topic 1: Ethics remains the same, with no changes from 2024 to 2025 📚
Topic 2: Private Debt has seen a significant increase in content and weighting, with new readings on insurance-linked strategies 📈
Topic 3: Private Equity now has three readings instead of two, focusing more on niche areas like venture capital and buyout funds 🔄
Topic 4: Real Assets increases from 5 to 6 readings, offering a more detailed exploration of the topic 📊
Topic 5: Hedge Funds increases from 4 to 5 readings, with new separate readings on "Event Driven Hedge Funds" and "Relative Value Hedge Funds" 💡
Topic 6: Digital Assets sees minor adjustments in learning objectives, but no major content changes 🔄
Topic 7: Structured Finance (Topic 8) has decreased from two readings to one, with the second reading moved to Level 2 🔻
Topic 8: Additional Strategies receives a reduced focus in 2025, with content shifted to other topics like private debt 🔻
Topic 9: General Adjustments include some cosmetic changes for clarity, with no major shifts in core content 🔄