AIM Exam Information and Outline
Certified Alternative Investment Manager
Syllabus Update Checked on: October 30, 2026
AIM Exam Syllabus & Study Guide
Before you start practicing with our exam simulator, it is essential to understand the
official AIM exam objectives. This course outline serves as your roadmap.
The information below reflects the 2026 syllabus defined by
AIWMI.
Below are complete topics detail with latest syllabus and course outline, that will help you good knowledge about exam objectives and topics that you have to prepare. These contents are covered in questions and answers pool of exam.
- Exam Format
- Online multiple-choice and case-based examination
- Introduction to Alternative Investments
- Characteristics, benefits and risks; role in portfolios
- Hedge Funds
- Strategies: long/short, global macro, event-driven, relative value
- Fee structures, due diligence and risk management
- Private Equity and Venture Capital
- Fund structures, LBOs, J-curve and performance measurement
- Real Estate and REITs
- Commodities and Managed Futures
- Infrastructure and Private Credit
- Structured Products and Derivatives
- Portfolio Construction with Alternatives
- Asset allocation and risk-adjusted performance
- Regulation, Due Diligence and Ethics