KARACHI, Nov 3: The CFA Association of Pakistan (CFAAP) organised the annual CFA Charter Awards ceremony to honour successful CFA candidates based in Pakistan.

The CFA programme, administered by CFA Institute based in USA, is a graduate-level, self-study curriculum and examination programme for investment specialists – especially securities analysts, money managers, and investment advisers.

The CFA charter is awarded to a very select group of investment specialists, who have mastered a rigorous curriculum covering a broad range of investment topics and is committed to the highest ethical standards in the profession.

There are currently 108 active members of CFAAP, with this number expected to grow rapidly over the next few years.

On the occasion, Khalid Ghayur, CFA, FSIP, chief executive officer of Westpeak Global Advisors in the USA shared his valuable expertise on hedge funds. In his presentation he argued that even though hedge funds at times can destabilise the markets, they perform the vital function of providing liquidity and stability to many illiquid segments of the capital markets, thus helping achieve overall market efficiency, says a press release.