NEW YORK and AMHERST, Mass., May 21, 2013 /PRNewswire/ -- 100 Women in Hedge Funds (100WHF), Pacific Alternative Asset Management Company, LLC (PAAMCO), and the Chartered Alternative Investment Analyst (CAIA) Foundation today announced the ten recipients of the third annual 100WHF/CAIA Scholarships. Administered by the CAIA Foundation and underwritten by PAAMCO, the scholarship program was established in collaboration with the 100WHF Institute to support women seeking to earn the CAIA Charter, the leading designation in alternative investment education. Each scholarship covers enrollment and registration fees for CAIA Level I and Level II exams, the CAIA Knowledge Series textbooks, the Schweser CAIA Level I Premium Instruction Study Solution, and a one-year membership in the CAIA Association, a value of over $5,000. "This year's class of scholars exemplifies 100WHF's dedication to professional initiatives and educational programming within the alternative investment industry," said Mimi Drake, Chair of the 100WHF Association Board, and President of Permit Capital Advisors. "As partner to the CAIA Foundation, and with the support of PAAMCO, we have been able to create a scholarship program that identifies talented women, helps them deepen their knowledge, and furthers their careers. " Judy Posnikoff, a founding partner at independent alternative investment firm PAAMCO, added, "We are proud to welcome our newest group of dedicated and talented women into the CAIA Scholarship program. We are confident that CAIA's rigorous program will help these women further define their role within the alternative investment space." "I believe the CAIA program will provide me with a comprehensive and structured approach to a core alternative investments knowledge base," said Nnema Nkongho, MBA, CFA, one of the 2013 Scholars. Nkongho is a founding team member of London-based Nubuke Investments, one of the first Sub-Saharan African multistrategy hedge funds. "The CAIA designation will assist me in accounting for the general levels of market, information, and infrastructure development as I navigate the Sub-Saharan African landscape." Another Scholar, Pauline Nguyen, who has worked in financial services on three continents, hopes to leverage CAIA's global network to build a mentorship program in Hong Kong. The scholarship program was established in 2011 by 100WHF through the 100WHF Institute. 100WHF is a leading non-profit organization that seeks to enhance the alternatives industry through educational programming, professional leverage, and philanthropic initiatives.