Is the CFA qualification worth sweet FA? Caveat Emptor column

Chartered Financial Analyst, the qualification that is de rigueur for any aspiring fund manager, fails to address the principles of proper risk management.

Many successful hedge fund managers are not CFAs

We have all heard the old saying that investment is an art, not a science. For those of us working in the investment business, we know in our heart of hearts that this sentiment is absolutely correct. At the same time, most of us appreciate we would never get paid the amounts we do if we admitted to it. The ultimate expression of the science of investing is that vital title of chartered financial analyst.

Membership of the CFA Institute now runs into the hundreds of thousands and it is becoming

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