Frequently Asked Questions FAQ

Below are some of the frequently asked questions regarding the Certified Hedge Fund Professional (CHP) designation and exams. If you are interested in the CHP, you may download the CHP Study Guide. Feel free to email us with additional questions using our Contact Us Form.

Question: What are the benefits of earning the Certified Hedge Fund Professional (CHP) designation?
Answer: For a list of the top benefits associated with the program please see the Top 10 CHP Designation Program Benefits

Question:  What makes the CHP designation different from other professional designations? 
Answer: There are three main differences which include focus, application, and price.

• The CHP is focused exclusively on hedge funds and fund of hedge funds. It is in-depth and comprehensive coverage of this niche area.
• The CHP Program offers practical knowledge that can easily be applied to a variety of hedge fund positions such as due diligence, compliance, analytics, consulting, or marketing and sales. 
• The CHP Level 1 Program costs just $550 which is significantly less than other financial designations. We provide over 50 educational videos to participants for free, require no purchasing of expensive external study aides, and we complete all of our required testing 100% online so you avoid the hassle and costs of dealing with testing centers. Read more about how CHP Program participants have fit this designation into their overall career plans by clicking here.

Question: What will I be able to add to my resume after completing this program? What tangible benefit I will recieve in terms of positioning my knowledge and skills against others competing for simliar jobs?
Answer:  Participants who complete our program and pass our challening examination should be able to add the following entry to ther Education & Training section of their resume.

Certified Hedge Fund Professional (CHP) Designation Level 1

• Completed challenging hedge fund training program covering hedge fund investment strategies and terms
• Obtained an ___% on the 2 hour CHP Examination covering fund of hedge funds, hedge fund startegies, hedge fund due diligence, portfolio analytics, and hedge fund trends.
• Hedge Fund Group certified as holding a high level of specialidzed hedge fund best practices

Question: How much will I have to study or prepare for the CHP before sitting for the exam?
Answer:  This will depend on your previous exposure and work within the hedge fund industry but the typical amount of time expected is 75-100 hours. 

Question: I live outside of the United States, can I still earn the CHP designation? 
Answer:  Yes, we have crafted the CHP designation program so that you may take the test online from anywhere in the world. By using a dual layered IP tracking and password system, and by making the exam timed we allow participants to complete the examination from their place of work or home anywhere in the world. In the past 18 months alone we have had participants complete our program from the UK, Switzerland, China, India, Australia, South Africa, Canada, Mexico, Brazil, Japan, and over 30 additional countries.

Question: I know that I want to earn the CHP designation, how do I register for the exam? 
Answer:  Registration for the Spring 2010 Program will begin at 2PM EST on January 15th, 2010. This class of CHP Program participants will be limited to the first 300 individuals to register on January 15th. To be alerted via email on upcoming registration dates please submit your contact details through our Email Alerts form here. To register for the program, please click here.

Question: I have read that the CHP is a rigorous and thorough course, what happens if I do not pass the exam? Can I take it again? 
Answer:  Yes, anyone who has failed one of the CHP exams may take it a second time. If you miss your scheduled exam date or fail the exam there is a $127 fee to retake the exam.

Question: What if I register for the exam and then change my mind. Can I get a full refund for the cost of the program?
Answer: Yes, you may receive a full refund if you decide not to complete the CHP Program. We provide a 100% no questions asked refund within the first 3 weeks regardless of the reason, this allows you to evaluate our study guide, required readings, and the industry tools and educational video content provided to you within HedgeFundPremium.com as part of your membership within the CHP Program. To cancel your registration please send us your request in writing to this address within 3 weeks of registering to the following address: Hedge Fund Group (HFG) 3300 NW 185th Avenue Suite #108 Portland, OR 97229. To change your registration date from one period to another costs $35 and this can be completed by completing the form found here. If you do not change your exam date within 48 hours before your scheduled examination and you miss your exam you will have to pay the full $127 re-take fee and complete the form found here. This is the same fee paid by those who fail the exam.

Question: How much does the Certified Hedge Fund Professional (CHP) program cost?  
Answer: The total program, including both levels of the designation program costs about the same as one university course. The CHP Level 1 program costs $550 while CHP Level 2 costs $650, if you pay the full tuition for both levels at one time the total cost is $899 instead of $1,200.

There are two levels of certification and two exams. Please see the following links for more details on program registration dates, fees and CHP Level 1 & 2 Program Details:

• CHP Enrollment Dates
• CHP Program Fees
• CHP Level 1 Details
• CHP Level 2 Details 
• CHP Program Email Alerts

Question: Where can I buy the books that are required to study for the CHP designation exams? 
Answer:  Please visit http://HedgeFundBookstore.com to see the list of required books for Level 1 and Level 2 of the CHP Program.

Question: What are the passing rates for the CHP Level 1 and 2 Examinations?
Answer: The passing rate for CHP Level 1 is 76% and the passing rate for CHP Level 2 is 59% for first time program participants. We expect our Level 1 examination passing rate to stay in the 70's while our Level 2 passing rate fluctuates between the 52% and 62%. This examinations are very challenging but those who cover all of required readings typically do well.

Question: What makes the CHP program reputable? Who supports it? How well is the CHP known in the industry? 
Answer: It is becoming very well known around the world and several companies have started requiring that their employees obtain the CHP Designation, or they prefer candidates applying to hold the certification. The CHP designation was created by the Advisory Board and members of the Hedge Fund Group (HFG), the largest and fastest growing professional networking group focused exclusively on the hedge fund industry.  The Hedge Fund Group currently has over 30,000 members which include hedge fund managers, analysts, family office professionals, third party marketers, recruiters, prime brokerage firms, hedge fund administrators, hedge fund auditors, portfolio managers, and endowment and foundation directors.  Currently there are over 50 hedge fund managers on the Board of Advisors for the CHP and more are being added each month. These hedge fund managers provide direct feedback and insight into what should be included in the designation. In addition to these credibility details we also like to remind participants that by joining the CHP Designation they gain access to the over 100 free exclusive resources within HedgeFundPremium.com, this includes over 60 educational video resources and it is free for all CHP members to access.

Question: What are the prerequisites for the CHP program?
Answer: There are no prior experience or educational requirements to enroll in the CHP Designation Program: This program is limited to just 300 participants for each Spring and Fall Session opening January 15th and July 1st each year and the exam is challenging.

Question: When should I expect to get my CHP exam results back?
Answer: You will receive your test results back within 4 weeks of taking the exam. 

Question: What score do I need to pass the exam?
Answer: To pass you must earn a grade of 80% or higher. While the exam is designed to be rigorous and thorough most individuals who have read the required readings and invested a significant amount of time studying for the test should do well. The exam is offered 100% online so you may complete it from your place of work or from home if you wish. The exam uses a dual layered IP tracking and password system to prevent abuse and it has successfully been used with hundreds of program participants in the past.

Question:  Do I need to pass each module of the test to pass the whole exam?
Answer: No, an overall grade of 80% is all that is required to pass.

Question: How many tests are required to hold the full designation?  Are there three exams and levels within this designation?
Answer: There are two required exams, Level 1 and Level 2.

Question: When is the exam open for registration and when does testing occur?

Question: How do I receive the actual certificate upon program completion?
Answer: Everyone who completes the program is emailed their certificate upon passing the exam. If you are based in the United States you may provide us with your preferred mailing address and we will mail your certificate to you at no extra cost. If you are based outside the United States and you would like to be have a hard copy of your certificate please contact our team to review the costs of doing so.

Question: Is there a time requirement on completing both levels of the designation?
Answer: No, there is no time requirement. You may list the CHP Designation Charter Holder on your resume after passing the Level 1 exam but you must state that you are a CHP Level 1 Chartered Holder so there is no confusion with those who have completed both levels of the program..

Question: Is the CHP Designation Program available in Chinese?
Answer: Currently the CHP Program is only available in English.

Question: As an employer, why should I hire someone who has earned the CHP Designation?
Answer: The CHP Designation Program is designed to do two things. First it ensures that participants master a certain level of hedge fund knowledge across 6 learning modules throughout the CHP Level 1 exam. Second, it allows participants to choose an area of expertise where they will gain specialized knowledge through the Level 2 Exam. This dual level certification provides them with the necessary knowledge and skills to become an efficient and effective member of an alternative investment, hedge fund, fund of fund, or wealth management team.

Question:  I am currently a student. What are the benefits of earning the CHP Designation for me?
Answer: The CHP Designation has been designed for experienced financial professionals and students alike.  As a student you will gain critical knowledge needed to identify the area of the hedge fund industry in which you prefer to work in.  This program can also help you obtain internships because our team provides networking, resume construction, resume template, and internship video advice resources. Starting your career with this knowledge base can save you years of job experimentation within various roles.  As a CHP Designation charter holder you have an advantage over others with the same degree, employers seek those who have taken the initiative to gain additional knowledge relevant to their career.

Question: What methods of payment are accepted for the CHP fees?
Answer: We accept web or fax-based credit card and debit card orders, payment by check, Western Union, or Paypal.  To register for the program please click here.

Testimonials from past and current CHP Designation Program participants. Learn why professionals in the field are enrolling in this program. Learn More...