Welcome to CODE

The Foundations of Institutional Investing Learning Path is comprised of three courses covering the following areas: definition of a fiduciary and their duties, description of the capital markets and asset classes, and the importance of asset allocation and it's effect on investment return and asset volatility.  When you complete the three courses, you will be eligible for 1.0 Continuing Education Credit. Please note the Completion Certificate for this learning path will be available on the final module relating to Asset Allocation. Duration: ~1 hour Certain information herein has been compiled by Callan and is based on information provided by a variety of sources believed to be reliable for which Callan has not necessarily verified the accuracy or completeness of this publication. This report is for informational purposes only and should not be construed as legal or tax advice on any matter. Any investment decision you make on the basis of this report is your sole responsibility. You should consult with legal and tax advisers before applying any of this information to your particular situation. Reference in this report to any product, service or entity should not be construed as a recommendation, approval, affiliation or endorsement of such product, service or entity by Callan. Past performance is no guarantee of future results. This report may consist of statements of opinion, which are made as of the date they are expressed and are not statements of fact. Reference to or inclusion in this report of any product, service or entity should not be construed as a recommendation, approval, affiliation or endorsement of such product, service or entity by Callan. The Callan Institute (the “Institute”) is, and will be, the sole owner and copyright holder of all material prepared or developed by the Institute. No party has the right to reproduce, revise, resell, disseminate externally, disseminate to any affiliate firms, or post on internal websites any part of any material prepared or developed by the Institute, without the Institute’s permission. Institute clients only have the right to utilize such material internally in their business. Any mention of a specific company or organization should not be considered an endorsement or advice. Read more

For Institutional Investors or others in the investment industry: This learning path, which offers 4.0 continuing education credits, is for those who want to learn about alternative investment options.  It dives into detail on the following areas and respective alternative asset classes:  Introduction to Alternatives Designing & Implementing Alternative Investment Strategy  Private Equity  Private Credit Real Assets/Real Estate Hedge Funds Duration: ~ 4 hours    Certain information herein has been compiled by Callan and is based on information provided by a variety of sources believed to be reliable for which Callan has not necessarily verified the accuracy or completeness of this publication. This report is for informational purposes only and should not be construed as legal or tax advice on any matter. Any investment decision you make on the basis of this report is your sole responsibility. You should consult with legal and tax advisers before applying any of this information to your particular situation. Reference in this report to any product, service or entity should not be construed as a recommendation, approval, affiliation or endorsement of such product, service or entity by Callan. Past performance is no guarantee of future results. This report may consist of statements of opinion, which are made as of the date they are expressed and are not statements of fact. Reference to or inclusion in this report of any product, service or entity should not be construed as a recommendation, approval, affiliation or endorsement of such product, service or entity by Callan. The Callan Institute (the “Institute”) is, and will be, the sole owner and copyright holder of all material prepared or developed by the Institute. No party has the right to reproduce, revise, resell, disseminate externally, disseminate to any affiliate firms, or post on internal websites any part of any material prepared or developed by the Institute, without the Institute’s permission. Institute clients only have the right to utilize such material internally in their business. Any mention of a specific company or organization should not be considered an endorsement or advice. Read more

This Learning Path, which offers 3.0 continuing education credits, is for those who want to build on institutional investing foundational learning, and is comprised of three courses answering the following questions: What is a fiduciary? What are capital markets and asset classes? When, why, and how do investment manager searches happen? What are investment committee best practices?   Duration: ~3 hours (Note: there is a separate learning path specifically for investment management interns) Subjects covered in these courses include: definition of fiduciary, defined contribution (DC) vs. defined benefit (DB), modern portfolio theory, capital markets theory and asset allocation, historical risk aversion, the power of diversification, portfolio mean-variance optimization, the importance of a structured manager search process, comparison of public (e.g. stocks, bonds) vs. private market (alternatives, real assets) searches, quantitative vs. qualitative factors, peer group rankings analysis, risk and performance metrics, and style analysis.  Certain information herein has been compiled by Callan and is based on information provided by a variety of sources believed to be reliable for which Callan has not necessarily verified the accuracy or completeness of this publication. This report is for informational purposes only and should not be construed as legal or tax advice on any matter. Any investment decision you make on the basis of this report is your sole responsibility. You should consult with legal and tax advisers before applying any of this information to your particular situation. Reference in this report to any product, service or entity should not be construed as a recommendation, approval, affiliation or endorsement of such product, service or entity by Callan. Past performance is no guarantee of future results. This report may consist of statements of opinion, which are made as of the date they are expressed and are not statements of fact. Reference to or inclusion in this report of any product, service or entity should not be construed as a recommendation, approval, affiliation or endorsement of such product, service or entity by Callan. The Callan Institute (the “Institute”) is, and will be, the sole owner and copyright holder of all material prepared or developed by the Institute. No party has the right to reproduce, revise, resell, disseminate externally, disseminate to any affiliate firms, or post on internal websites any part of any material prepared or developed by the Institute, without the Institute’s permission. Institute clients only have the right to utilize such material internally in their business. Any mention of a specific company or organization should not be considered an endorsement or advice. Read more

For Investment Management Interns:  This Learning Path, which offers 3.0 continuing education credits, is for those who want to build on institutional investing foundational learning, and is comprised of three courses answering the following questions: What is a fiduciary? What are capital markets and asset classes? When, why, and how do investment manager searches happen? What are the best ways to communicate with investment consultants and institutional investors?   Duration: ~3 hours Subjects covered in these courses include: definition of fiduciary, defined contribution (DC) vs. defined benefit (DB), modern portfolio theory, capital markets theory and asset allocation, historical risk aversion, the power of diversification, portfolio mean-variance optimization, the importance of a structured manager search process, comparison of public (e.g. stocks, bonds) vs. private market (alternatives, real assets) searches, quantitative vs. qualitative factors, peer group rankings analysis, risk and performance metrics, and style analysis.  Certain information herein has been compiled by Callan and is based on information provided by a variety of sources believed to be reliable for which Callan has not necessarily verified the accuracy or completeness of this publication. This report is for informational purposes only and should not be construed as legal or tax advice on any matter. Any investment decision you make on the basis of this report is your sole responsibility. You should consult with legal and tax advisers before applying any of this information to your particular situation. Reference in this report to any product, service or entity should not be construed as a recommendation, approval, affiliation or endorsement of such product, service or entity by Callan. Past performance is no guarantee of future results. This report may consist of statements of opinion, which are made as of the date they are expressed and are not statements of fact. Reference to or inclusion in this report of any product, service or entity should not be construed as a recommendation, approval, affiliation or endorsement of such product, service or entity by Callan. The Callan Institute (the “Institute”) is, and will be, the sole owner and copyright holder of all material prepared or developed by the Institute. No party has the right to reproduce, revise, resell, disseminate externally, disseminate to any affiliate firms, or post on internal websites any part of any material prepared or developed by the Institute, without the Institute’s permission. Institute clients only have the right to utilize such material internally in their business. Any mention of a specific company or organization should not be considered an endorsement or advice. Read more

As a growing number of corporations and institutional investors are pledging to reach net-zero greenhouse gas emissions, the visibility of energy-transition investments are increasing. During this interview, Aaron Quach and Jan Mende from Callan discuss the growing opportunities for investment within the energy transition space and how they can be incorporated into the portfolios of institutional investors.  Certain information herein has been compiled by Callan and is based on information provided by a variety of sources believed to be reliable for which Callan has not necessarily verified the accuracy or completeness of this publication. This report is for informational purposes only and should not be construed as legal or tax advice on any matter. Any investment decision you make on the basis of this report is your sole responsibility. You should consult with legal and tax advisers before applying any of this information to your particular situation. Reference in this report to any product, service or entity should not be construed as a recommendation, approval, affiliation or endorsement of such product, service or entity by Callan. Past performance is no guarantee of future results. This report may consist of statements of opinion, which are made as of the date they are expressed and are not statements of fact. Reference to or inclusion in this report of any product, service or entity should not be construed as a recommendation, approval, affiliation or endorsement of such product, service or entity by Callan. The Callan Institute (the “Institute”) is, and will be, the sole owner and copyright holder of all material prepared or developed by the Institute. No party has the right to reproduce, revise, resell, disseminate externally, disseminate to any affiliate firms, or post on internal websites any part of any material prepared or developed by the Institute, without the Institute’s permission. Institute clients only have the right to utilize such material internally in their business. Any mention of a specific company or organization should not be considered an endorsement or advice. Read more

In this most recent installment of the Callan Institute's Research Café: ESG Interview Series, Mark Wood, CFA, Callan's ESG team member and Nicole Wubbena, fellow ESG and Global Manager Research groups member discuss the complexities of defining and measuring impact within ESG and sustainability-focused public equity strategies. They share insights from their recent search for a global equity manager with an impact focus, highlighting the challenges of discovery, measurement, and classification in impact investing. The conversation also delves into the nuances of evaluating different strategies, the importance of engagement in investment processes, and the evolving nature of the impact investment landscape. Certain information herein has been compiled by Callan and is based on information provided by a variety of sources believed to be reliable for which Callan has not necessarily verified the accuracy or completeness of this publication. This report is for informational purposes only and should not be construed as legal or tax advice on any matter. Any investment decision you make on the basis of this report is your sole responsibility. You should consult with legal and tax advisers before applying any of this information to your particular situation. Reference in this report to any product, service or entity should not be construed as a recommendation, approval, affiliation or endorsement of such product, service or entity by Callan. Past performance is no guarantee of future results. This report may consist of statements of opinion, which are made as of the date they are expressed and are not statements of fact. Reference to or inclusion in this report of any product, service or entity should not be construed as a recommendation, approval, affiliation or endorsement of such product, service or entity by Callan. The Callan Institute (the “Institute”) is, and will be, the sole owner and copyright holder of all material prepared or developed by the Institute. No party has the right to reproduce, revise, resell, disseminate externally, disseminate to any affiliate firms, or post on internal websites any part of any material prepared or developed by the Institute, without the Institute’s permission. Institute clients only have the right to utilize such material internally in their business. Any mention of a specific company or organization should not be considered an endorsement or advice. Read more