The CFA Institute this week said 43% of the 185 investment professionals who sat for the Certificate in Investment Performance Measurement (CIPM) program exam in April managed to achieve a passing grade and can now add the CIPM designation to their resumes.

The exam emphasized the performance evaluation and presentation skills of advisors as well as they ability to apply tools and inputs derived from the Global Investment Performance Standards (GIPS) guidance statements.

Would-be graduates from 19 countries embarked on the online, self-directed curriculum. To earn certification, candidates had to pass two exams, including the three-hour "expert" exam given in April, become regular members of the CIPM Association and have at least two years of experience in a "performance-related activity" or four years of experience in the investment field.

"I want to congratulate those who have successfully passed the Expert exam and have obtained the CIPM designation," Todd Jankowski, head of the CIPM program, said in a statement. "They have demonstrated their analytical skills, and deepened their knowledge of the Global Investment Performance Standards, which forms a vital part of the certificate."

Professionals who sit for the CIPM program include performance analysts, GIPS specialists, consultants, sales and marketing professionals, client and consultant relationship managers, compliance officers, portfolio accountants, and IT professionals.

Fifty-one percent of the eligible candidates enrolled in the "principles" level of the CIPM program passed their exam -- a total of 276 candidates from 31 countries. CFA officials said the principles exam emphasized investment tools and inputs necessary for performance evaluation and the provisions of the GIPS standards.

Candidates who pass the principles exam are then eligible to enroll in the expert level of the program. Both exams cover professional ethics; investment performance measurement, attribution, and appraisal; and the GIPS standards.

"When you see the letters CIPM after someone’s name, you instantly know that the investment professional you are dealing with has the depth of  knowledge and capability within the investment performance analytics arena to support you in your needs," said Carl Bacon CIPM, and chairman at London-based StatPro. "Those who sit for the program have shown great competence and motivation, having mastered a comprehensive, relevant, and practice-based program."

Enrollment for both levels for the October 2011 examination window remains open through July 31.  The CIPM curriculum is offered online and examinations are administered during two periods each year at test centers worldwide.

CFA Institute is the global association for investment professionals and counts more than 105,000 members worldwide.