CAIA, SBAI Form Global Alts Partnership

Collaboration between the U.S., U.K. groups will focus on improving standards and professionalism in the alts industry.

The Chartered Alternative Investment Analyst Association and the Standards Board for Alternative Investments have formed a global partnership intended to improve standards and professionalism in the alternative investments industry.

Under the collaboration, CAIA and the SBAI, a London-based alliance of alternative investment managers and institutional investors, will share knowledge and cooperate on education, industry resources, and transparency tools on topics such as due diligence, environment, social, and governance issues, and culture and diversity.

“The missions of CAIA and the SBAI are strongly aligned, focused on advancing responsible practices and making investing in alternatives more efficient and transparent,” SBAI Executive Director Thomas Deinet said in a release. “We believe that we achieve the best results by working globally with like-minded organizations, to avoid duplication and leverage each other’s work, solving for better.”

David George, deputy CIO of the Future Fund, as well as a trustee of SBAI and a CAIA board member, said in a statement that the collaboration between the two organizations “will provide an important platform for promoting robust industry standards and professionalism globally.”

In February, the SBAI and the CAIA announced the creation of a forum of alternative investment industry organizations committed to addressing diversity in the alternatives industry.  The forum is chaired by the SBAI, and members include 100 Women in Finance, The Alternative Investment Management Association, The Asset Owner Charter U.K., the CFA Institute, the Diversity Project, the European Leveraged Finance Association, the Institutional Limited Partners Association, the Investor Leadership Network, and The Value Reporting Foundation, as well as the CAIA.

“We face a common challenge when it comes to making our industry more representative of the investors and communities that it ultimately serves,” Adam Jacobs-Dean, the Alternative Investment Management Association’s head of markets, governance, and innovation, said in a statement when the forum was launched. “By sharing our resources and insights, we stand the best chance of moving the dial and ensuring that everyone has a chance of success in the alternative investment industry regardless of their gender or background.”

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