The SOA released the new QFI PM syllabus for Fall 2021 / Spring 2022. The changes were fairly significant, with the major change being the addition of the “Alternative Investments” textbook. Additionally, many larger readings such as MIP Ch 8 and QFIP-149 were removed from the syllabus.
In the next week, we will release a spreadsheet detailing our release date schedule for our seminar items, so stay tuned!
Add
1. New Textbook: Alternative Investments, CAIA Level II, 3rd Edition, 2016 (see syllabus for chapters/sections covered)
2. QFIP-155: Fundamentals of Efficient Factor Investing
3. QFIP-156: Minimizing Accounting Mismatches Relating to Financial Risk for Insurers
Remove
1. xVA Challenge Ch. 4 – Counterparty Risk
2. QFIP-130: Default Risk and the Effective Duration of Bonds
3. MIP Ch 8
4. QFIP-126: Infrastructure as an Asset Class
5. QFIP-149: PwC In Depth – IFRS 17
6. QFIP-143: Risk Factors as Building Blocks for Portfolio Diversification
7. Ch. 19: Commercial Mortgage Economics and Investment
Modify
1. xVA Challenge Ch 12 changed from 12.1-12.4 to the full chapter
2. Commercial Real Estate Analysis – Add Appendix 12A