Frequently Asked Questions FAQ
See below for our FAQ and please send in any additional questions you may have
 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 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: 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 relatively comprehensive coverage of this niche area.
- The CHP Program offers practical knowledge which can easily be applied to a variety of hedge fund positions such as due diligence, compliance, analytics or marketing and sales.
- The third and final difference is that the CHP will cost slightly less than other financial designations as our online testing system allows us to operate without cost of physical testing centers.
- Read more about how CHP Program participants have fit this designation into their overall career plans by clicking here.
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.
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, 2009. This class of CHP Program participants will be limited to the first 200 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 now 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. There is a $199 fee to retake the exam a second time.
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 to move forward with the program, send us your request in writing to this address within 3 weeks of registering: Hedge Fund Group (HFG) 3300 NW 185th Avenue Suite #108 Portland, OR 97229. To change your registration date from one period of another costs $49 and can be done at any time by emailing us at Team@HedgeFundCertification.com.
Question: How much does the Certified Hedge Fund Professional (CHP) program cost?
Answer: CHP Level 1 costs $499 while CHA Level 2 costs $599, if you pay the full tuition for both levels at one time the total cost is $950 instead of $1,100.
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:
Question: Where can I buy the books that are required to study for the CHP designation exams?
Answer: Please visit http://HedgeFundBookstore.com
Question: What makes the CHP program reputable? Who supports it? How well is it known in the industry?
Answer: The CHP designation was created by the Advisory Board and members of the Hedge Fund Group (HFG), the llargest and fastest growing professional networking group focused exclusively on the hedge fund industry. The HFG currently has over 25,000 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. So far 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 exactly should be included in the designation.
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, however this program is limited to just 200 participants for each Spring and Fall Session opening January 15th and June 15th each year.
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?
Answer: The CHP Designation Program opens to 200 additional participants for both Spring and Fall sessions which open on January 15th and June 15th of each year. Exams for Spring session are on June 1st and for Fall session they are on November 15th. Examination and enrollment dates are both detailed further here and our registration page is located here.
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 within the United States you may provide us with your preferred mailing address and we will mail your certificate to you via traditional mai 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 Spanish or Chinese?
Answer: At this point 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 them to choose an area of expertise where they 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 which area of the hedge fund industry you prefer to work in. This program can also help you obtain internships. Starting your career with this knowledge base can save you years of job experimentation. As a CHP Designation charter holder you have an advantage over others with your 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:Our website accepts web or fax-based credit card and debit card orders, payment by check, Western Union or Paypal are also accepted. To register now please click here.
The CHP Designation Program is guided by a Board of Advisors consisting of over 50 hedge funds, fund of hedge funds and industry consultants. Learn More…
 Testimonials from past and current CHP Designation Program participants. Learn why professionals in the field are enrolling in this program. Learn More...
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