News Archive

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2013


CFA Chicago Event with Richard Fisher, Dallas Fed, Covered in WSJ

Fed's Fisher: Time To Taper Fed's Bond Buys Is Now
Source: The Wall Street Journal

Mr. Fisher also spoke to the CFA Society Chicago at the University Club of Chicago. During that talk he said the Fed's asset purchases are essentially "subsidies for the big boys," namely the largest banks and biggest hedge funds and investors. More

 


Annual Dinner Photos Available

View photos from the 27th CFA Chicago Annual Dinner, featuring Nate Silver

 


CFA Society Chicago CEO and President, Angela McKay Named Forty Under 40 Award Honoree

CFA Society Chicago CEO and President, Angela McKay, CAE, has been named as one of the recipients of the USAE and Association Forum inaugural Forty Under 40® Awards. The inaugural class of honorees was selected from nearly 150 applicants who work for associations and nonprofits across the country who are 39 years of age or younger and demonstrate strong leadership skills and potential along with a solid commitment to the association industry.

USAE has published the digital version of the Forty Under 40® Awards special edition with the Honoree's profiles. http://www.associationforum.org/About/content.cfm?ItemNumber=5605&navItemNumber=5607

 


CFA Society Chicago Member and Former Chairman Heather Brilliant, CFA, Earns Crain's Chicago Business 40 Under 40 Title

Heather Brilliant oversees an army of Morningstar Inc. analysts-120, scattered all over the world. When she's not jetting around to visit clients and her team members at outposts in 15 countries, she's working with an 80-employee group at the home office in Chicago, guiding the company's equity and corporate credit analysis and managing six direct reports. More

 


CFA Chicago member and Past President Joan Rockey, CFA, CAIA, CPA, announced as Chapter Head for CAIA Chicago

CAIA Chapters around the world help members expand their networks, find jobs and keep abreast of alternative industry developments. CAIA Chapters produce more than 100 events per year. More

 


CFA Society Chicago Announces University Competition featuring Littelfuse, Inc.

Eight Illinois Universities and Business Schools to compete in local level of the CFA Institute Research Challenge

CFA Society Chicago announced today the eight Illinois universities and business school competing in the local level of the CFA Institute Research Challenge. Teams of three to five students representing each school will focus their equity research on Littelfuse, Inc. (NASDAQ: LFUS) the global leader in circuit protection and an emerging player in power control and sensing technologies. More

 


CFA Chicago Board Member Kerry Jordan, CFA, Profiled by The Glass Hammer

When Kerry Jordan, CFA, Director of Marketing and Chief Compliance Officer, Chicago Capital Management L.P., was first starting out in her career, she wished that she knew how to remind herself that everything would be alright. She explained, “If you make a mistake, you have to acknowledge it, learn from it, and move on from it.” It is also important to recognize early in your career just how vital it is to act with integrity, competence, and respect and to maintain a credible reputation. More

 


CFA Society Chicago Board Member Carmen Heredia-Lopez, CFA, is Profiled by aiCIO
Switching Up the Status Quo in Chicago

Carmen Heredia-Lopez, CIO of Chicago Teachers', has an unusual set of risks to manage-and an unusual investment team to help her do it. If Chicago's public teacher pension plan were a hedge fund, it would be in the vein of Third Point or Perishing Square. More

 


CFA Institute Honors CFA Chicago Member Richard Ennis, CFA, for Key Contributions to the Profession

CFA Institute, the global association of investment professionals that sets the standard for professional excellence, honors CFA Chicago member Richard Ennis, CFA with the C. Stewart Sheppard Award for his outstanding contribution to the financial industry.

Richard Ennis, CFA, former principal and chairman of the board of directors at Ennis, Knupp and Associates and expert witness in fiduciary and investment litigation who has been published in such journals as the Financial Analysts Journal and Journal of Portfolio Management, is recognized for his outstanding contribution in fostering the education of professional investors with the C. Stewart Sheppard Award.

The C. Stewart Sheppard Award was established to honor a CFA charterholder in recognition of their outstanding contributions, through dedicated effort and inspiring leadership, in fostering the education of professional investors through advancement of the Body of Knowledge and development of programs, publications, or other learning tools to encourage continuing education in our profession. More

 


CFA Institute Global Market Sentiment Survey

This week, CFA Institute members will have the opportunity to speak out on market sentiment, performance, and market integrity issues in 2014. Check your email for the survey invitation from CFA Institute and make sure your opinion is a part of the conversation.

 


More than $56,000 Available in Scholarships to Chicago-area Financial Professionals in 2013-2014
CFA Chicago and CFA Institute Scholarships available for CFA Exam and Prep Materials

CFA Society Chicago is pleased to announce that more than $56,000 in scholarships are available in 2013-2014 for candidates planning to sit for the CFA exam. CFA Chicago and CFA Program scholarships contribute to the vision of serving the interests of investors and society by promoting awareness of CFA Chicago and CFA Institute programs and by providing access to those programs to individuals.

As part of our mission to lead the investment profession by setting the highest standards of ethics, education, and professional excellence, CFA Chicago is pleased to offer educational opportunities to current and future stewards of the world's investment markets.

2013-2014 Scholarships:
Kimberly Paige Memorial Study Scholarship (sponsored by CFA Society Chicago)
Covers the cost of Kaplan Prep Course. Up to four scholarships awarded per year. Application deadline: July 19, 5pm CT. Apply

CFA Exam Registration Scholarships (sponsored by CFA Society Chicago)
Reduces CFA program enrollment fees and/or curriculum expenses. Up to 10 scholarships awarded per year. Application deadline: Aug. 16, 5pm CT. Apply

CFA Institute Access Scholarships
Reduces CFA Program enrollment and exam registration fees. Up to 35 scholarships awarded per year. Apply

 


'Future of Finance Starts With You' Video Lunched by CFA Institute

The Future of Finance project is a long-term global effort to shape a trustworthy, forward-thinking financial industry that better serves society.

Watch this clip to see the role that finance plays in our lives and how we all need to do more to build a better industry. 'Future of Finance Starts With You' Video

 


CFA Chicago Member Elizabeth Higashi, CFA, named NIRI-Chicago President for 2013-2014

"NIRI-Chicago offers its Midwest members both topical educational programs and engaging social networking opportunities," said Elizabeth M. Higashi, incoming chapter president. "We host a variety of events on a broad range of IR topics with experts in the fields of IR, communications, finance, capital markets, regulatory issues, corporate governance and career development. Our community benefits from the range and size of companies and individuals who comprise our membership and who willingly share their expertise and experiences at our formal and informal events. More

Raising Awareness and Demand for Hiring More CFA Chicago Members

CFA Chicago is pleased to be sponsoring "Using Metrics to Drive Business Results: The CEO Perspective - 2013 Leadership Series" on June 5 hosted by the Human Resources Management Association of Chicago. This sponsorship is part of our ongoing commitment to raise awareness of the CFA designation among human resources professionals in the Chicago area - and supports our strategic plan. HRMAC is a forum for human resources leaders, practitioners, service providers and business executives charged with designing and delivering workforce strategies to drive superior business performance in the organizations they serve. This event is an excellent opportunity to showcase the society and educate HR professionals about the value of the charter. More

 


CFA Chicago Announces Annual Dinner Keynote Speaker Nate Silver and Award Winner James Stirling, CFA

CFA Society Chicago is pleased to announce keynote speaker Nate Silver, Founder, FiveThirtyEight.com; Author of The Signal and The Noise will address 800 of Chicago's leading investment professionals and key decision-makers at the 27th CFA Chicago Annual Dinner on Wed., Nov. 6, 2013.

In addition, we will be honoring The Hortense Friedman, CFA, Award for Excellence Recipient, James P. Stirling, CFA.

Annual Dinner Details

 


Showcase Your Firm: CFA Chicago Sponsorship Opportunities

Consider securing your firm's sponsorship of the Golf Outing and/or Annual Dinner, which will provide you with an excellent opportunity to showcase your firm to our membership, socialize with individual members and show support for the CFA designation and the society.

Annual Golf Outing - Aug. 2013
CFA Society Chicago will hold our 9th Annual Golf Outing on Mon., Aug. 19, 2013, at Beverly Country Club. This exclusive, members-only event is one of our most popular networking events of the year. Registration will open later this summer, but sponsorship opportunities are available now. The Golf Outing will provide you with a high-profile opportunity to showcase your firm's name to our membership and to socialize with individual members in a more intimate and informal setting.

27th Annual Dinner - Nov. 2013
CFA Society Chicago will celebrate our 2013 Annual Dinner on Wed., Nov. 6, 2013. This event is the premier networking event of the year, bringing together 800 of Chicago's leading investment professionals and key decision-makers. In 2012, 45 prominent Chicago firms supported their society member-employees and honored their newly inducted Charterholders by sponsoring the event and purchasing corporate tables. This year's keynote speaker is Nate Silver, Founder, FiveThirtyEight.com; Author of The Signal and The Noise. In addition to congratulating our new Charterholders, we will be honoring The Hortense Friedman, CFA, Award for Excellence Recipient, James P. Stirling, CFA.

 


CFA Society Chicago Launches Local Claritas Prep Program

CFA Society Chicago is pleased to announce a local prep program for the new Claritas Investment Certificate. Classes begin on Sept. 4, 2013. CFA Chicago has worked with CFA Institute to develop a "live" prep program for the Claritas Investment Certificate. The "live" classroom experience is taught by local industry professionals and PhDs - and it will help students prepare for the exam.

Claritas Investment Certificate
CFA Chicago Claritas Prep Program
Register for the CFA Chicago Claritas Prep Program

 


CFA Chicago Members: Create Your Public Profile

CFA Chicago Members: Create Your Public Profile

Members have the ability to create a public profile and be listed in the "Find a Member" section of cfachicago.org. Creating a profile may help new clients contact you, inform recruiters of your areas of focus and help other members network with you.

  1. Click to create a profile.
  2. Sign in with your CFA Institute number and password (generally your last name all lowercase).
  3. Enter the info that you would like to have publicly listed.

 


Update Your Bios, Resumes, Websites and Social Media Sites with CFA Society Chicago

Update Your Bios, Resumes, Websites and Social Media Sites with CFA Society Chicago Please take the time to review how you have the society listed on your professional materials, such as your resume, corporate biography, LinkedIn profile, web page - and confirm that we are listed as CFA Society Chicago. The society has recently updated its brand and logo, so be sure that you have the most current reference on your materials.

 


CFA Chicago Launches Weekly NewsBrief

CFA Chicago knows you want to be the best in the financial field, and the best way to stay on top is to stay informed. With this in mind, we are proud to announce the CFA Society Chicago NewsBrief, an informative e-news brief that delivers the most relevant content to your inbox every Tuesday!

Working with our publisher, we aim to deliver current and compelling articles on locally relevant financial news along with updates from our society.

Subscribe today, it's free!

If you have any questions or are interested in learning more about how to feature your company in the CFA Society Chicago NewsBrief, please call 800-816-6710. You can also find more information through the Media Kit.

 


Opportunity for Member Input on Single Fiduciary Duty for Investment Advice

Regulatory Alert
Opportunity for Member Input on Single Fiduciary Duty for Investment Advice

Dear CFA Institute Member,
The issue of creating a uniform fiduciary standard of conduct for investment advisers and broker-dealers has been hotly debated in recent years. The issue remains unresolved despite directives by the Dodd-Frank Act to review the issue, SEC studies, and reports to Congress.

The SEC recently took another step in advancing this proposal by requesting public input from industry members and other stakeholders about the potential impact of applying a uniform fiduciary standard of care to broker-dealers and investment advisers who provide advice to retail customers.

CFA Institute Member Surveys Support Single Standard of Care

In accordance with the CFA Institute Code of Ethics & Standards of Professional Conduct and in keeping with member survey results, our position is the following:

  • The vast majority of retail investors do not know or understand what standard of care they can expect from various financial services providers.
  • We support:
    1. adopting a single, definable, and enforceable standard of care
    2. establishing a consistent treatment of all individuals and firms that engage in similar activities
    3. applying such a standard when broker-dealers provide personalized investment advice to retail investors
    4. a "fiduciary" level standard that requires the duties of prudence, loyalty, and care for those who provide personalized investment advice

The SEC Wants Your Input
The SEC's latest effort to reach a conclusion on this controversial issue provides you an opportunity to have your voice heard by the SEC. While the SEC's release specifically asks for data and other information relating to the costs and benefits of alternative standards of conduct for service providers (including a uniform fiduciary standard), it also welcomes comments on regulatory harmonization of standards in general. The SEC's request comes after past court challenges led ultimately to other SEC regulatory initiatives being overturned.

We encourage you to make your views known on this important issue by 30 June.

For more information or to express additional views, please contact James Allen, CFA, at james.allen@cfainstitute.org or Linda Rittenhouse, JD, at linda.rittenhouse@cfainstitute.org.

Thank you for your interest.

 


CFA Society Chicago Names DePaul University Champion in the CFA Institute Research Challenge Local Level Competition

DePaul University team advances to Americas regional final in Toronto, March 20-21

The DePaul University team was selected as the winner of the CFA Institute Research Challenge, hosted by CFA Society Chicago on Feb. 20. The DePaul University team had the highest overall score, defeating teams from Illinois Institute of Technology, Loyola University Chicago, Northern Illinois University, Northwestern University, Saint Xavier University, University of Chicago, University of Illinois at Urbana-Champaign and University of Notre Dame.

The DePaul University Kellstadt Graduate School of Business team will compete in the CFA Institute Americas regional competition March 20-21 in Toronto. The winner of the regional competition will then vie for the global title April 10-13 in London.

DePaul team members, Deepika Bhandary, Tim Bloklander, Chris Howe, Nick Khalaieff and Meng Yu, worked with DePaul faculty advisor Sanjay Deshmukh, CFA and industry mentor Grady Burkett, CFA on their winning project. More

 


CFA Society Chicago Launches New Peer Program (Members Only)

CFA Chicago's Career Management Advisory Group has launched a new peer program, "The eMentor Program." This members-only program connects members via the CFA Chicago LinkedIn Group page.

How does it work?
Mentors post their profile online and determine who, how many mentees and how often they want to engage with a mentee. Mentees request mentors upon reviewing profiles of individuals whose background and qualifications meet their career goals and objectives. This new program benefits the organization, mentors and mentees by linking members with valuable knowledge and information to other members in need of such information. There is no set time commitment. Time commitments are set by the individuals involved.

Ready to participate in this new program? Here's how:

1. Logon to your personal LinkedIn account and join the "CFA Society Chicago - Members Only" group (if you aren't already a member).

2. Visit the LinkedIn eMentor Group (you must be a member of the CFA Society Chicago - Members Only group and click on the "More" tab to access the eMentor Program).

3. Members looking to serve as mentors should create a post/discussion on the LinkedIn eMentor Group.

4. Members looking to find a mentor should review the available mentor posts/discussions on the LinkedIn eMentor Group and respond directly to postings of interest.

If you are not currently a member of the CFA Chicago LinkedIn group, but are interested in serving as a mentor, please contact Nicole Harris, Director, Member Relations and Outreach for further details at nharris@cfachicago.org or (312) 251-1301.

On behalf of the Career Management Advisory Group, thank you in advance for your participation!

 


Global Media Coverage of Market Sentiment Survey

CFA Institute recently released the 2013 Global Market Sentiment Survey, which seeks input from CFA Institute members to gather data on key market and economic issues in the coming year. The annual survey-which comprised opinions from 6,783 CFA charterholders and members-found more optimism than last year about global economic growth heading into 2012. However, members say major work is needed to restore market integrity. Citing an overwhelming lack of trust, members think the primary fix is to encourage a culture of ethics inside financial firms. Several media outlets offered coverage of the survey, including the Wall Street Journal, Fox Business, Pensions & Investments, Bloomberg TV, and AsianInvestor.

 


Investment Profession More Optimistic about Global Economic Growth in 2013

Investment professionals worldwide are more optimistic than last year about global economic growth heading into the new year, according to the CFA Institute 2013 Global Market Sentiment Survey (PDF). A greater number of those surveyed (40%) believe the global economy will expand in 2013, a six point increase from last year's poll. However, CFA Institute members believe there is much work to be done to restore financial market integrity. Citing an overwhelming lack of trust in finance, members think the primary fix is to encourage a culture of ethics and integrity inside financial firms. The annual survey measured the opinion of 6,783 CFA charterholders and members; to review the complete report and survey results, visit www.cfainstitute.org/gmss. Full press release.

 


CFA Chicago Board Member Bruce Rauner Forms Exploratory Committee for Illinois Governor

Illinois business and civic leader Bruce Rauner officially announced that he is actively considering a run for Governor in 2014. Rauner, a Republican, filed papers with the Illinois State Board of Elections creating an exploratory campaign committee that will allow him to begin fully exploring a candidacy.

Rauner's initial effort will not be a formal or traditional campaign. After spending several months talking with local and national leaders in business, education reform, and politics, and crisscrossing the state attending Lincoln Day Dinners and other events, Rauner is now entering a more intense period of consideration of a potential candidacy. For the next 60 days, Rauner will significantly increase his events and meetings, while looking to make a final determination on a candidacy well in advance of the March, 2014 primary election. More

 


CFA Chicago Member Michelle Moreno, CFA, Elected President of Chicago Finance Exchange

Dresner Partners, a leading FINRA-registered, middle-market investment bank, is pleased to announce that Managing Director, Michelle Moreno, has been elected President of the Chicago Finance Exchange. More

 


Latest Edition of "Efficient Frontier" Now Online

Read the latest edition of "Efficient Frontier" for CFA Chicago news and event recaps.

 


CFA Exam Prep

Live Weekly Classes Start Jan. 17
CFA Chicago and Kaplan Schweser have formed a strategic partnership that gives candidates flexibility in their individual study programs and access to the latest technology in exam preparation.

Schweser's world-class instruction is presented by CFA charterholders and finance PhDs-the best personalized instruction in the business. This class is available to you live in Chicago or online from your home or office. More Info

 


Exam Results Update

December 2012 Level I CFA exam results will be emailed Tues., Jan. 22, 2013, after 9:00 am EDT.

 


Get a Jump on Your Level II CFA Studies with Schweser

You may not yet know your results from the December Level I CFA exam, but don't let it stop you from preparing for the June Level II exam. In an exclusive FREE offer, Kaplan Schweser has created a special study package that includes an online flipbook of SchweserNotes™ Level II, Book 1, the online Level II SchweserPro™ QBank, and the first Level II Online Class. These materials are available exclusively to December Level I CFA candidates until January 30, 2013. For more information or to register, visit www.startwithschweser.com

 


View photos from the 2012 Annual Dinner

View photos from the 26th Annual Dinner held on Nov. 7, 2012, at the Fairmont Hotel, featuring keynote speaker Erskine Bowles, former co-chair of the National Commission on Fiscal Responsibility and Reform and former White House Chief of Staff and Jeffrey J. Diermeier, CFA, The Hortense Friedman, CFA, Award for Excellence recipient.

 



2012


CFA Society Chicago is accepting applications for an Intern position

CFA Society Chicago is accepting applications for an Intern position. Full Job Description.

If you are interested in this opportunity please send your cover letter, resume and 3 references to intern@cfachicago.org by October 12, 2012.

If you have any questions please email intern@cfachicago.org.

 


CFA Chicago member Skjervem to Head Oregon Pension
Source: FundFire

CFA Chicago and WSJ Online: Former White House Chief Optimistic on Deal to Prevent Fiscal Crisis

An article published on Nov. 8, featuring the CFA Chicago Annual Dinner and keynote speaker Erskine Bowles. More

By Ben Kesling
Erskine Bowles, the former Clinton administration chief of staff, voiced optimism that congressional leaders and President Barack Obama will be able to use the post-election environment to negotiate a deal to head off a looming fiscal crisis.

Mr. Bowles, who was co-head of the Obama administration's National Commission on Fiscal Responsibility and Reform and has become a leading advocate for addressing the budget deficit, said that he is "very encouraged" that the lame-duck Congress and the newly re-elected president will come up with a deal before the country reaches the so-called fiscal cliff, a series of sharp, automatic spending cuts and tax increases set for January.

"This is the best opportunity we've had in a long, long time" to do something about the deficit, he said in an interview Wednesday night after speaking to a group of financial analysts in Chicago.

Mr. Bowles acknowledged the risk that Tuesday's election, which also left control of Congress divided, could lead to continued gridlock. "I'm afraid that people on both sides will see this as a mandate to keep up ultrapartisan intransigence," he said in remarks to the Chartered Financial Analyst Society of Chicago.

But he said the fast-approaching deadline should push lawmakers and the country toward a bipartisan focus on the severity of the fiscal cliff. And he pointed to comments earlier Wednesday by House Speaker John Boehner that Republicans would be willing to accept "new revenue, under the right conditions" to get a bipartisan agreement.

"I was glad to see the speaker say today that he would support additional revenue as long as the president is willing to cut entitlement. programs," Mr. Bowles said in the interview.

Mr. Bowles has been named by some observers as a possible replacement for Treasury Secretary Timothy Geithner, who isn't expected to stay on for Mr. Obama's second term. Mr. Bowles on Wednesday brushed off that idea, saying "I don't expect to be asked. I'm not going to be asked." Source: WSJ Online More

 


CFA Chicago and NY Times: Now Touring, the Debt Duo, Simpson-Bowles

A follow up article published on Nov. 27, featuring CFA Chicago Annual Dinner Speaker Erskine Bowles. Chairman Keith Cardoza and the society are highlighted. Source: NY Times. More

 


Get Involved: Board of Directors and Leadership Opportunities

CFA Society Chicago needs you! This is your chance to help lead the society dedicated to meeting the professional needs of Chicago-area financial investment professionals. See below for details about Board nominations or the Advisory Group volunteer process.

Call for Nominations: Board of Directors
The CFA Society Chicago Governance and Nominating Committee is seeking nominations for individuals with leadership and management experience to serve on the 2013-2014 Board of Directors. The goal of this committee is to make the nomination process transparent and to increase the diversity and number of qualified applicants for the board. If you know someone who'd make a great leader - or if you're interested in serving, please review the nomination process and selection criteria and complete the nomination form. To be considered for the 2013-2014 Board of Directors, complete the nomination form before 5:00p.m. Friday, January 11, 2013.

Get Involved: Advisory Groups
There are countless opportunities available to get involved by signing up to be part of an Advisory Group. Most advisory groups meet on a monthly or bi-monthly basis and generally take place between 12-1 pm. Volunteers have the choice to join in person at the CFA Society Chicago office, or they can dial in via conference call. You can contribute by planning an event, securing a speaker, reporting for the society newsletter, and/or assisting with society services and programs. It is not mandatory for volunteers to attend or call into every meeting, but some participation by way of meeting attendance or idea contribution is requested. If you are interested in volunteering for any of the advisory groups, complete the registration form. Advisory Group members are accepted throughout the year.

As a Board member or Advisory Group member you will have the opportunity to contribute to advancing your profession, enhancing the value of the society, accessing up-to-date information about the challenges facing your industry, and exchanging ideas and perspectives with other leaders. On behalf of the society, I thank you for your consideration and look forward to your active support!

Sincerely,
Angela McKay, CAE
CEO & President

 


CFA Exam Prep - Live Weekly Classes start Jan. 17

CFA Chicago and Kaplan Schweser have formed a strategic partnership that gives candidates flexibility in their individual study programs and access to the latest technology in exam preparation.

Schweser's world-class instruction is presented by CFA charterholders and finance PhDs-the best personalized instruction in the business. This class is available to you live in Chicago or online from your home or office. More Info

 


Research Challenge Sponsorship Opportunities Now Available

Nov. 8, 2012 and Feb. 20, 2013
The CFA Institute Research Challenge offers students the unique opportunity to learn from leading industry experts and compete with peers from the world's top finance programs. This annual educational initiative promotes best practices in equity research among the next generation of analysts through hands-on mentoring and intensive training in company analysis and presentation skills. 2013 Research Challenge Sponsorship Brochure

 


Erskine Bowles to Address Chicago's Financial Leaders at CFA Society Chicago Annual Dinner

Erskine Bowles, former co-chair of the National Commission on Fiscal Responsibility and Reform and former White House Chief of Staff, will be the keynote speaker at the CFA Society Chicago 26th Annual Dinner on Wed., Nov. 7 at Fairmont Chicago Millennium Park. With the Presidential election decided less than 24 hours prior, and as the architect of the Simpson Bowles agreement, Bowles is one of a select few with the insight and authority to candidly address the challenges and opportunities facing the next administration in addressing the financial struggle that our nation can no longer avoid. More

 


CFA Society Chicago Announces University Competition featuring AptarGroup, Inc

CFA Society Chicago announced today the nine Illinois and Indiana universities and business schools competing in the local level of the CFA Institute Research Challenge. Teams of three to five students representing each school will focus their equity research on AptarGroup, Inc (NYSE: ATR), a leading global supplier of a broad range of innovative dispensing systems for the beauty, personal care, home care, pharmaceutical, food and beverage markets. For more information about AptarGroup, visit www.aptar.com. More

 


Former CFA Institute President, Former CFA Chicago Board Member and 2012 Hortense Friedman, CFA, Award for Excellence Recipient Jeffrey Diermeier Named Chair of FAF Board of Trustees

Former CFA Institute President and CEO Jeffrey Diermeier has been elected chairman of the board of trustees of the Financial Accounting Foundation (FAF), succeeding John Brennan. Diermeier will serve a three-year term. He retired at the end of 2008 from his leadership position with the CFA Institute and joined the FAF trustees in 2009. He previously served as global chief investment officer at UBS Global Asset Management. More

 


CFA Chicago Board Member Bruce Rauner Retires from GTCR

Bruce Rauner, the civic-minded private equity executive who has been mentioned as a potential Republican candidate for Illinois governor, is retiring from GTCR, one of Chicago's biggest private equity firms, where he was managing director. He said he plans to spend more time on civic and philanthropic interests. More

 


Latest Edition of "Efficient Frontier" Now Online

Read the latest edition of "Efficient Frontier" for CFA Chicago news and event recaps.

 


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The Oregon State Treasury ended its nearly yearlong search for a new investment division CIO with the announcement that CFA Chicago member and Northern Trust veteran John Skjervem has been hired to the post. Skjervem most recently served as western regional senior CIO for Northern Trust, based in its Los Angeles office, as reported. From about 2005 to 2011, he was the CIO for the firm's entire wealth division. He was also the chair of Northern Trust's investment advisory committee. Now Skjervem will oversee a state investment portfolio of about $74 billion, which includes the $54 billion Oregon Public Employees Retirement Fund. His responsibilities will include oversight of 14 investment officers and their support staff. More

 


CFA Society Chicago Welcomes New Board of Directors

Aug. 8, 2012
Virginia Petrancosta
CFA Society Chicago, Director of Communications and Development
Tel: (312) 251-1305
Email: vpetrancosta@cfachicago.org

CFA Society Chicago Welcomes New Board of Directors
Investment analyst society announces new leadership team for 2012-2013

Chicago - CFA Society Chicago is pleased to welcome new and returning board members for 2012-2013. Keith Cardoza, CFA, has been elected Chairman of CFA Chicago. Cardoza is the Chief Investment Officer of Brownson, Rehmus & Foxworth, Inc. where he designs, crafts and implements the company's investment strategies as well as identifies investment managers across all asset classes. He is a member of the firm's Public Markets, Real Estate, Private Equity and Investment Strategy Committees.

Previously, Cardoza served as a Managing Director of Merrick Ventures, an investment firm focused on technology investments. There he created the Ocean Tomo 300 Patent Index, recognized by the American Stock Exchange as "the first major, broad-based equity index to be launched in 35 years." He also previously chaired Boeing's Investment Strategy and Asset Allocation Committee, where he coordinated a team of investment experts responsible for $65 billion in retirement assets. Prior to Boeing, he managed the $6 billion global equity portfolio for the Illinois State Board of Investment pension fund.

"CFA Chicago's new board of directors brings diverse knowledge and experience which will lead the association in its mission to create programs, promote adherence to the highest ethical and professional standards, and foster a culture of inclusion, diversity, and respect among investment professionals," said Angela McKay, CAE, CFA Chicago CEO and President.

Other newly elected executive officers include:

  • Vice Chair Gautam Dhingra, CFA, High Pointe Capital Management LLC
  • Secretary/Treasurer Chris Vincent, CFA, William Blair & Co
  • Immediate Past Chairman Heather E. Brilliant, CFA, Morningstar, Inc.
Newly elected directors (one- and three-year terms):
  • Brian Collins, CFA, Harbor Capital Advisors
  • Wendell Mackey, CFA, Channing Capital Management, LLC
  • Roxanne Martino, Aurora Investment Management L.L.C.
  • Gail Meneley, Shields Meneley Partners
  • Terry Mullen, CFA, Allstate Investments
  • Bruce Rauner, GTCR
  • Kathy Vorisek, Fiduciary Management Associates
Returning directors:
  • James A. DeZellar, CFA, Chicago Equity Partners, LLC
  • John F. Jostrand, CFA, William Blair & Co, LLC
  • John Simmons, CFA, Callan Associates
  • Wally Fikri, CFA, William Blair & Company
  • Theresa Mozzocci, CFA, Cantor Fitzgerald
  • Branimir Petranovic, CFA, UBS Global Asset Management
  • James P. Stirling, CFA, UBS

CFA Chicago organizes more than 60 events per year that are focused on education, networking and professional skills building. Learn more at www.CFAChicago.org/events.

CFA Society Chicago
CFA Society Chicago, www.cfachicago.org, is the world's oldest investment analysts society. It was founded in 1925, with a membership of 4. Today, the society is the 6th largest society in the world, with more than 4,000 members. CFA Society Chicago aims to be the premier local resource for Chartered Financial Analyst designees, candidates and other investment professionals. Specifically, the society empowers a community of financial professionals and serves as a platform to: create programs, disseminate information, and provide services of direct benefit to members; promote adherence to the highest ethical and professional standards; and foster a culture of inclusion, diversity, and respect among investment professionals.

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CFA Chicago Member Kerry Jordan, CFA, is Highlighted in the CFA Institute 50th Anniversary Video

Carving out the time and despite the grueling process, feeling energized: For Kerry Jordan, the support, network, sense of community found in the CFA Program and the local society is invaluable. Watch.

 


CFA Chicago Members: Create Your Public Profile

Members have the ability to create a public profile and be listed in the "Find a Member" section of cfachicago.org. Creating a profile may help new clients contact you, inform recruiters of your areas of focus and help other members network with you.

  1. Click to create a profile.
  2. Sign in with your CFA Institute number and password (generally your last name all lowercase).
  3. Enter the info that you would like to have publicly listed.

 


Online Registration for Golf Opens 7/19 @ 10am

New this year, all registrations must be placed ONLINE for the Annual Golf outing, no phone calls please. The 8th Annual Golf Outing will be held on 8/20 at Olympia Fields Country Club - the site of three previous USGA Championships - on their South Course. This exclusive, members-only event is one of our most popular networking events of the year.

Test Your Website Log In Credentials Now

Members Must Log Into Website to Register:

  1. Visit: http://www.cfachicago.org/members/membershome.asp
  2. Enter "CFA Institute ID Number" and "Password" (default is your last name all lowercase)
  3. In the center of the page, click on "CFA Society Chicago 8th Annual Golf Outing"
  4. Scroll down, click "Register Online" (after 10am on 7/19)
  5. Enter your registration information

 


Dresner Partners Names Michelle Moreno Managing Director

Dresner Partners, a leading FINRA-registered, middle-market investment bank, announced today that CFA Chicago member Michelle Moreno, CFA has joined the firm as managing director. Full press release.

 


Eastspring Investments Welcomes Jeffrey Smith

Eastspring Investments, the asset management arm of Prudential Corporation Asia, part of Prudential plc of the UK, and the region's largest multinational onshore mutual fund manager is opening a new US office and has tapped CFA Chicago member Jeffrey Smith, CFA to lead that business. Full press release.

 


WIU Honors Laura Janus with Distinguished Alumni Award

Western Illinois University is honoring CFA Chicago member Luara Janus, CFA with the 2012 WIU Distinguished Alumni Award. The Distinguished Alumni Award, given since 1973, recognizes alumni who have reached the pinnacle of their careers and have brought credit to the University and themselves through their professional accomplishments or community service at local, state or national levels and have extended meritorious service for the advancement and continued excellence of WIU. Full press release.

 


Annual Dinner and Golf Outing Sponsorship Opportunities Now Available - Showcase Your Firm!

Please join CFA Society Chicago as we plan for two of our highest profile events - the 8th annual Golf Outing and our 26th Annual Dinner. Consider securing your firm's sponsorship of the Annual Dinner and/or Golf Outing, which will provide you with an excellent opportunity to showcase your firm to our membership, socialize with individual members and show support for the CFA designation and the Society as well.

Annual Dinner Sponsorship Brochure.

Annual Golf Outing Sponsorship Brochure

To confirm your sponsorship for either event, please contact CFA Chicago at (312) 251-1301 or at sponsorship@cfachicago.org.

 


CFA Institute Marks 50th Anniversary of the CFA Program

CFA Institute Marks 50th Anniversary of the CFA Program;
Rings Closing Bell of New York Stock Exchange on May 29
Ceremonies Planned For Record-Setting 24 Stock Exchanges Worldwide

New York - May 23, 2012 - CFA Institute, the global association of investment professionals that sets the standard for professional excellence, will celebrate 50 years of the Chartered Financial Analyst program by closing the New York Stock Exchange and hosting ceremonies in 23 other financial centers around the world on Tuesday, May 29. The global market ceremonies represent the greatest number of stock exchanges worldwide opened or closed by one organization on a single day.

The ceremonies set the stage for next weekend, when more than 149,000 registered candidates from 168 countries will take the Level I, II and III CFA exams on June 2 and 3. The events usher in a

Jobs at CFA Society Chicago
May 31, 2012

year of celebration for CFA Institute, which offered the first CFA examination in June 1963. Joining CFA Institute to ring the bell will be the New York Society of Security Analysts (NYSSA), the largest CFA Institute member society, which is marking its 75th anniversary.

The CFA charter sets the standard for investment practice and is a globally recognized benchmark for ethics in the profession. Following the first exam, 268 investment professionals were awarded the CFA charter. Nearly 50 years later, there are more than 100,000 charterholders in 139 countries and territories - representing the highest professional standards and competencies in the global investment community.

"There is no better way to celebrate the success and international impact of the CFA Program than with a global event of this magnitude," said John D. Rogers, CFA, president and CEO of CFA Institute. "The CFA Program has grown tremendously since the very first exam, expanding to more than 100,000 charterholders who practice the highest level of professional and ethical standards. The financial industry has faced many challenges since the inception of the program, and I'm proud of the impact CFA Institute continues to have on ethics, education and excellence in the profession."

"We're thrilled to celebrate these two milestones in finance alongside CFA Institute. NYSSA has provided a vibrant forum for the New York investment community for 75 years and will continue to do so fo p>In addition to closing the New York Stock Exchange, CFA Institute and its member societies will host ceremonies in the following locations on May 29:

  • Amman Stock Exchange (ASE)
  • Amsterdam Stock Exchange (AEX)
  • Bombay Stock Exchange (BOM)
  • Brussels Stock Exchange (BRU)
  • Bucharest Stock Exchange (BUC)
  • Budapest Stock Exchange (BSE)
  • Bulgaria Stock Exchange (BUL)
  • Colombo Stock Exchange (CSE)
  • Dubai Financial Markets (DFM) and NASDAQ Dubai
  • Egyptian Exchange (EGX)
  • Euronext Paris (PAR)
  • Hong Kong Stock Exchange (HKEX)
  • Indonesia Stock Exchange (IDX)
  • Kuwait Stock Exchange (KSE)
  • London Stock Exchange (LSE)
  • Mexican Stock Exchange (MSX)
  • Moscow Stock Exchange (MICEX)
  • Nairobi Stock Exchange (NSE)
  • New Zealand Exchange (NZX)
  • Prague Stock Exchange (PSE)
  • Singapore Exchange (SGX)
  • Stock Exchange of Mauritius (SEM)
  • Toronto Stock Exchange (TSX)

The original CFA Program focused on equity security analysts in a U.S. setting and emphasized ethical and professional standards. Today, the program represents a global context, and covers topics such as fixed-income analysis, alternative and derivative investments and portfolio management. CFA Institute traces its roots to the establishment of the Financial Analysts Federation in 1947, following the call for a financial analyst certification by industry giant Benjamin Graham in 1942. FAF leaders created the Institute of Chartered Financial Analysts in 1959 to administer the CFA Program, and the two organizations merged in 1990 to form what is now CFA Institute.

CFA Institute recently kicked off the 50th Anniversary celebrations at its Annual Conference, where it issued a call to action to the global investment community with its Integrity List, a collection of tangible steps that investment professionals can take to restore trust in the industry.

About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors' interests come first, markets function at their best, and economies grow. CFA Institute has more than 110,000 members in 139 countries and territories, including 100,000 charterholders, and 136 member societies. For more information, visit www.cfainstitute.org.

About NYSSA
The New York Society of Security Analysts (NYSSA) is a leading forum for the investment community, which was founded in 1937 by a group that included Benjamin Graham, "the father of securities analysis." NYSSA's mission is to promote best practices and the highest professional and ethical standards in the industry. With 10,000 members, NYSSA is the largest of the 136 societies worldwide that make up CFA Institute. For more information about NYSSA, please visit http://www.nyssa.org. Follow NYSSA on Facebook, Twitter and Finance Professionals' Post.

Contact:

J.D. McCartney
New York
+1 (212) 418-6889
jd.mccartney@cfainstitute.org

 

New ID Policy in Effect for June 2012 Exam

All candidates must bring a valid, international travel passport to the test center, and it must match the CFA Institute records or you will not be permitted to take the exam. Please verify that the name and information on your passport matches your CFA Institute Records. For more information please visit:
http://www.cfainstitute.org/cfaprogram/exams/Pages/exam_day_id_requirements.aspx

 


Video Message: New ID Policy for June 2012 Exam

Watch a special video message featuring CFA Institute President and CEO, John Rogers, CFA, explaining the new New ID Policy in Effect for June 2012 Exam:
http://www.cfainstitute.org/cfaprogram/exams/Pages/exam_day_id_requirements.aspx

 


Job Alerts from CFA Chicago Job Board

Get the latest CFA Chicago Job Board postings sent directly to your inbox. Sign up to receive a daily email alert when a new job is posted on the Board.

To update your preferences:

  1. Sign in
  2. Under "Preference Options," choose YES to " be notified by email when new jobs are posted on the CFA Chicago site?"
  3. Click "Update Preferences"

 


CFA Society Chicago Congratulates Illinois Institute of Technology

April 12, 2012
Media Contact
Virginia Petrancosta
CFA Society Chicago, Director of Communications and Development
Tel: (312) 251-1305
Email: vpetrancosta@cfachicago.org

CFA Society Chicago Congratulates Illinois Institute of Technology
Champions of the CFA Institute Americas Investment Research Challenge

Illinois Institute of Technology team will vie for the Global Investment Research Challenge title in New York tonight

Chicago - Illinois Institute of Technology Stuart School of Business team, representing CFA Society Chicago, was named the winner of the Americas Regional final of the CFA Institute Research Challenge. The IIT team overcame competition from three other finalist teams: College of William & Mary; University of Hawaii - Manoa; and University of Waterloo to earn the title. The IIT team now advances to tonight's global finale in New York and will compete with universities from the New York region, Asia Pacific, and the Europe, Middle East and Africa region.

During tonight's competition for the CFA Institute Research Challenge global title, the IIT team will give an oral presentation that summarizes their research and recommendation of Zebra Technologies Corporation (NASDAQ: ZBRA) a company with an extensive portfolio of bar code, receipt, card, kiosk and RFID printers and supplies, as well as real-time location solutions.

IIT's path to victory began when they defeated eight teams in Chicago on Feb. 16, to earn their spot in the Americas competition. On April 10, IIT's team faced-off against teams from 45 universities in the Americas Region, earning a spot in the Americas finals where they defeated teams from College of William & Mary; University of Hawaii - Manoa; and University of Waterloo. The global finale takes place this evening, and IIT will face teams from Rutgers University, Thammasat University, and Stockholm School of Economics.

IIT Stuart School of Business team members, Raghav Dubey, Ben Hurh, Xiaoyi Lei, Brian Rieger and Jason Strimpel worked with IIT faculty advisor Michael Rybak, CFA, and industry mentor Eric Wanger, CFA, on their winning project.

The team's research and conclusions were based on interactions with senior executives at Zebra, investment thesis and risks analysis, financial modeling, valuation, comparable benchmarking and scenario creation. All participants were introduced and held to the CFA Institute Code of Ethics and Standards of Professional Conduct.

The Research Challenge competition is an educational initiative that was established to promote best practice in research among the next generation of financial analysts, and to provide students with an insight into the investment industry. Additional information on the Research Challenge and its participants can be found on the CFA Institute website, www.researchchallenge.org. Tournament Bracket, http://prezi.com/0hicm7nxbu_m/2011-2012-cfa-institute-research-challenge-bracket/

Video:
Watch IIT's Winning Americas Regional Presentation: http://livestre.am/1nus6 Watch as IIT is announced as Americas Regional Winner: http://livestre.am/1nuKa

CFA Society Chicago
CFA Society Chicago, www.cfachicago.org, is the world's oldest investment analysts society. It was founded in 1925, with a membership of 4. Today, the society is the 6th largest society in the world, with more than 4,000 members. CFA Society Chicago aims to be the premier local resource for Chartered Financial Analyst designees, candidates and other investment professionals. Specifically, the Society empowers a community of financial professionals and serves as a platform to: create programs, disseminate information, and provide services of direct benefit to members; promote adherence to the highest ethical and professional standards; and foster a culture of inclusion, diversity, and respect among investment professionals.

CFA Institute
CFA Institute, www.cfainstitute.org, is the global association for investment professionals. It administers the CFA and CIPM curriculum and exam programs worldwide; publishes research; conducts professional development programs; and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 100,000 members, who include the world's 90,000 CFA charterholders, in 135 countries and territories, as well as 135 affiliated professional societies in 58 countries and territories.

 


Free Online Mock Exam

CFA Society Chicago Members can take the Online Mock Exam for FREE!*

Registration: http://portal.schweser.com
Portal Code: ChicagoMock

 


Make Study Groups Part of Your Prep Plan

Prior attendees have raved about the value of the study groups:

"You make a commitment to study with other people and are more likely to attend the sessions because you don't want to let others down."

"It helps keep people motivated throughout the long study period."

"Found a good group of people to study with, and we were able to effectively work together and use various study techniques."

Sign up for the December 2012 Exam CFA Chicago study group.

 


Scholarships for Candidates

CFA Society Chicago is pleased to offer two types of scholarships for candidates sitting for the CFA Exams.

Learn more Scholarships for the December 2012 Exam. Apply TODAY!

 


CFA Society Chicago Names Illinois Institute of Technology Champion in the CFA Institute Research Challenge Local Level Competition

Feb. 28, 2012
Media Contacts
Virginia Petrancosta
CFA Society Chicago, Director of Communications and Development
Tel: (312) 251-1305
Email: vpetrancosta@cfachicago.org

Illinois Institute of Technology team advances to Americas regional final in New York

Chicago - The Illinois Institute of Technology team was selected as the winner of the CFA Institute Research Challenge, hosted by CFA Society Chicago on Feb. 16. The IIT Stuart School of Business team had the highest overall score, defeating teams from DePaul University, Loyola University, University of Illinois at Urbana-Champaign and University of Chicago.

Illinois Institute of Technology Stuart School of Business team members, Raghav Dubey, Ben Hurh, Xiaoyi Lei, Brian Rieger and Jason Strimpel worked with IIT faculty advisor Michael Rybak, CFA, and industry mentor Eric Wanger, CFA, on their winning project.

Eight teams were judged on a written equity research report, and the field was narrowed to five teams based on their scores. These final five teams gave an oral presentation that summarized their research and recommendation of Zebra Technologies Corporation (NASDAQ: ZBRA), a company with an extensive portfolio of bar code, receipt, card, kiosk and RFID printers and supplies, as well as real-time location solutions.

A CFA charterholder and CFA Chicago member mentored each participating team, and all participants were introduced and held to the CFA Institute Code of Ethics and Standards of Professional Conduct. The teams' research and conclusions were based on interactions with senior executives at Zebra, investment thesis and risks analysis, financial modeling, valuation, comparable benchmarking and scenario creation.

The IIT team winners will each receive a three-month internship at Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research (subject to usual and customary HR requirements). In addition, the first, second and third place teams received various prizes sponsored by CFA Chicago.

The IIT team will advance to compete in the Americas regional competition in New York on April 10, and the winner of the Americas competition will then vie for the global title on April 11 in New York.

Additional information on the Research Challenge and its participants can be found on the CFA Institute website, www.researchchallenge.org.

CFA Society Chicago
CFA Society Chicago, www.cfachicago.org, is the world's oldest investment analysts society. It was founded in 1925, with a membership of 4. Today, the society is the 6th largest society in the world, with more than 4,000 members. CFA Society Chicago aims to be the premier local resource for Chartered Financial Analyst designees, candidates and other investment professionals. Specifically, the Society empowers a community of financial professionals and serves as a platform to: create programs, disseminate information, and provide services of direct benefit to members; promote adherence to the highest ethical and professional standards; and foster a culture of inclusion, diversity, and respect among investment professionals.

CFA Institute
CFA Institute is the global association for investment professionals. It administers the CFA and CIPM curriculum and exam programs worldwide; publishes research; conducts professional development programs; and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 100,000 members, who include the world's 90,000 CFA charterholders, in 135 countries and territories, as well as 135 affiliated professional societies in 58 countries and territories. More information may be found at www.cfainstitute.org.

 


Post Your Open Positions on Our Job Board

It is easy to use and is more cost-effective than other online job sites. Our job board reaches more than 4,000 Chicago area charterholders and CFA candidates.

 


Post an Internship. It's FREE.

Please email jobpostings@cfachicago.org with "INTERNSHIP POSTING" in the subject line and the following: job title, job description, requirements, company, contact information, duration/length, days/hours needed, compensation (if any), etc. Our internship job board postings are free.

 


Participate in Our Recruiting and Career-Related Event

Attend an industry-focused event where you have the opportunity to talk with CFA Chicago members about your firm's current and future career opportunities; and network with top investment professionals. Secure your firm's spot today.

 


Free Career Management Events in 2012

CFA Chicago Chairman Heather Brilliant, "In this tough environment, I'm pleased to announce our biggest headline: career management events will be FREE for all CFA Chicago members through June 30, 2012. We are offering this benefit based on the feedback and needs of members. I encourage you to take advantage of these events, build your portfolio of skills and make new professional connections." More

 


Thirty-Eight Percent of 49,380 Candidates Worldwide Pass Level I CFA Exam

Increasing number of investment professionals still seek gold standard of CFA charter despite challenging economic times

NEW YORK, 24 January 2012 - As market volatility continues to shake investor confidence and the industry strives to rebuild trust, 38 percent of the 49,380 financial professionals that sat for the Chartered Financial Analyst (CFA) Program Level I exam in December 2011 are one step closer to becoming the next generation of leaders. This six percent increase in the number of candidates that sat for the December 2011 exam demonstrates a continued devotion to the highest standards within our profession and the commitment by tomorrow's experts to put the investor first. The CFA Program is a globally recognized, graduate level curriculum that links theory and practice with real-world investment analysis and portfolio management skills, and emphasizes the highest ethical and professional standards.

"The investment profession continues to be deeply affected by the fallout from the 2008 global financial crisis and in such times, the value of truly relevant professional education and credentials comes to the fore," said John Rogers, CFA, president and CEO of CFA Institute. "The CFA designation is a mark of distinction that is globally recognized by employers, investment professionals, and investors as the definitive standard by which to measure serious investment professionals. These successful candidates have shown their commitment to the highest standards of excellence, rigor, and relevance in financial education and I congratulate them on their achievement in passing Level I."

Rogers continued, "The value of the CFA charter continues to grow with the number of candidates who registered for the CFA exam in calendar year 2011 (June and December exams combined) increasing five percent to 214,507. In fiscal year 2011, more than 40 percent of registrations came from the Asia Pacific region, more than 20 percent were from the Europe, Middle East and Africa region, and the balance came from the Americas, demonstrating the truly global nature of our candidate base."

To earn the CFA designation, candidates must pass all three levels of exam (successful candidates often report dedicating in excess of 300 hours of study per level); meet the work experience requirements of four years in the investment industry; sign a commitment to abide by the CFA Institute Code of Ethics and Standards of Professional Conduct; apply to a CFA Institute society; and become a member of CFA Institute.

Tom Robinson, CFA, managing director of Education at CFA Institute, said, "The CFA Program benefits from a continuous, global practice analysis that identifies the knowledge, skills, and abilities necessary to practice in the current market environment. Today more than 80 percent of the CFA Program curriculum has been custom written and presents a global perspective that can be updated on a timely basis, keeping pace with trends in practice. The strength of the CFA Program comes from its relevance to practicing investment professionals today and we appreciate the efforts of thousands of practitioner-members who help make this possible."

The CFA Program curriculum is firmly grounded in the knowledge and skills required every day in the investment profession and covers ethical and professional standards, securities analysis and valuation, international financial statement analysis, quantitative methods, economics, corporate finance, portfolio management, and performance measurement. Level I exams are held in both June and December and Levels II and III are held only in June. It takes most candidates more than three years to complete the CFA Program, and requires dedication and determination. (View historic pass rates)

CFA charterholders hold positions in numerous fields within the investment industry including portfolio management, research analysis, consultancy, relationship management, risk management, financial advisers, and investment banking. CFA Institute has administered more than one million exams since the inauguration of the CFA Program in 1963.

The December 2011 Level I exam was given at 95 test centers in 67 cities worldwide. Examples of countries and territories with the largest number of candidates that took the Level I CFA exam last December are the United States (11,514), Mainland China (6,638), India (5,135), Canada (3,648), the United Kingdom (3,691), Hong Kong (2,826), Singapore (1,865), and South Africa (1,040).

CFA Institute also partners with globally diverse, high profile institutions who cover a significant portion of the CFA Program Candidate Body of Knowledge and who embrace the CFA Institute Code of Ethics and Standards of Professional Conduct in their degree programs. This recognition tells students and employers that the school's curriculum is closely tied to professional practice and is well suited to preparing students to sit for the CFA exams. Currently, there are 140 CFA Program Partners on six continents, including schools such as Saïd Business School at the University of Oxford and The Johnson School at Cornell University.

 


CFA Chicago Launches First-Ever LIVE Webcast of Distinguished Speakers Series: James Bianco

We are proud to launch our first-ever LIVE webcast. Since we are testing out this new technology, we are offering our first webcast FREE. We invite you to give us honest feedback about what you liked, and didn't like about the webcast.

Date: Wed., Jan. 18, 2012
Time: 12:00-1:00 p.m. CT
LIVE Webcast Location: Your computer
In Person Location: The Standard Club, 320 S. Plymouth Ct., Chicago, IL 60604

Register Today

 


View photos from the 2011 Annual Dinner

View photos from the 2011 Annual Dinner. Images by: alyssa Miserendino photography

 


Call for Subject Matter Experts

The CFA Society Chicago is compiling a database of subject matter experts (SMEs) who are willing to share their knowledge and expertise with members of the media. Your contact information will NOT be shared directly with a reporter, instead CFA Chicago will reach out to you to determine your interest in participating. Please note, if your firm requires all media requests to be handled in-house - you can forward the requests directly to your media team. Join the CFA Chicago SME team.

 


Chicago Live Weekly Classes by Kaplan Schweser

Level I: Thursdays, Jan.19-May 3
Level II: Wednesdays, Jan.18-May 2
Level III: Mondays, Jan.16-April 30
Instruction is presented by CFA charterholders and finance PhDs-the best personalized instruction in the business. This class is available to you live in Chicago or online from your home or office. CFA Chicago Members Receive a 10% discount. More Info

 


Membership Renewal Reminder

If your membership dues have been delinquent this year, your account has lapsed. If you are a Charterholder, this will mean you are no longer eligible to use the CFA designation. Log in to your CFA Institute account to update contact information and to verify your account standing.

 


2011


Get Involved: Board of Directors and Volunteer Opportunities

CFA Society Chicago needs you! This is your chance to help lead the society dedicated to meeting the professional needs of Chicago-area financial investment professionals. See below for details about Board nominations or the Advisory Group volunteer process.

Call for Nominations: Board of Directors
The CFA Society Chicago Nominating Committee is seeking nominations for individuals with leadership and management experience to serve on the 2012-2013 Board of Directors. The goal of this committee is to make the nomination process transparent and to increase the diversity and number of qualified applicants for the board. If you know someone who'd make a great volunteer leader - or if you're interested in serving, please review the nomination process and selection criteria then complete the nomination form. To be considered for the 2012-2013 Board of Directors, complete the nomination form before 5:00p.m. Tuesday, January 31, 2012.

Become a Volunteer: Advisory Groups
There are countless volunteer opportunities available by signing up to be part of an Advisory Group. Most advisory groups meet on a monthly or bi-monthly basis and generally take place between 12-1 pm. Volunteers have the choice to join in person at the CFA Society Chicago office, or they can dial in via conference call. Volunteers can contribute by planning an event, securing speakers, reporting for the Society newsletter, and/or assisting with Society services and programs. It is not mandatory for volunteers to attend or call into every meeting, but any participation by way of meeting attendance or idea contribution is much appreciated. If you are interested in volunteering for any of the advisory groups, complete the registration form. Advisory Group volunteers are accepted throughout the year.

As a Board member of volunteer you will have the opportunity to contribute to advancing your profession, enhancing the value of the society, accessing up-to-date information about the challenges facing your industry, and exchanging ideas and perspectives with other leaders. On behalf of the society, I thank you for your consideration and look forward to your active support!

Sincerely,

Angela McKay, CAE
CEO & President

 


CFA Institute: Forty-four Percent of CIPM Candidates Pass Final Expert Level Exam

Certificate is investment industry's only designation dedicated to investment performance analysis and presentation

New York, NY., 14 December 2011 - CFA Institute, the global association of investment professionals, today announced that 44 percent of the candidates who sat for the final Expert level exam in the Certificate in Investment Performance Measurement (CIPM®) program passed the exam in October 2011. The CIPM credential is the investment industry's only designation dedicated solely to the specialized field of investment performance analysis and presentation.

The two-level, self study CIPM program is designed to test a candidate's knowledge and understanding of a specialized curriculum in the areas of ethics, performance evaluation, and application of the Global Investment Performance Standards (GIPS®). Obtaining the CIPM certificate demonstrates a practitioner's proficiency in applying analytical techniques and preparing GIPS-compliant presentations, which guide investment firms in fairly representing and fully disclosing performance results.

In total, 237 candidates in 29 countries sat for the three-hour, computer-based Expert exam, which was administered during October 2011, an increase of five per cent from the same exam period last year. The Expert exam emphasizes performance evaluation and presentation, including application of the necessary tools and inputs and GIPS guidance statements. To earn the certificate, a candidate must enroll and pass two exams, become a regular member of the CIPM Association, and meet professional experience requirements. There are two exam periods per year, so it is possible to complete the program in one year.

"In today's increasingly tech dependent world it is easy to produce data that people do not truly understand," said Todd Jankowski, CFA, head of the CIPM Program. "The analytical skills and standards that are developed through the CIPM program, however, prepare analysts to address the risks of new investment products and alternative investment strategies. Investment industry employers value CIPM certificants because they increase client trust and confidence in investment strategies and reported results."

To date, 789 people hold the CIPM certification. The number of candidates that sat for the October 2011 exam cycle has increased by 15 percent when compared to October 2006. This marked growth demonstrates the increased value that professionals in investment performance evaluation are placing on the designation. Successful CIPM candidates include performance analysts, client relationship managers, institutional investors, consultants, compliance officers and IT professionals, among others - people whose work in the investment industry calls for a solid understanding of performance concepts, analytical techniques, and presentation standards.

"The Certificate in Investment Performance Measurement is the established standard of excellence for investment performance analysis," attests Timothy Ryan, CIPM, Vice President, Performance Measurement at Hartford Investment Management Company. "The program is grounded in practice and perspectives which previously would not normally be covered in a decade of on-the-job experience. CIPM is one of the first and foremost relevant attributes you look for in job candidates."

In addition,53 percent of the candidates who sat for the Principles level of the CIPM program passed the exam they took in the October 2011 window. A total of 276 candidates in 35 countries sat for the three-hour, computer-based Principles exam, which emphasizes investment tools and inputs necessary for performance evaluation and the provisions of the GIPS standards. Candidates who pass the Principles exam are eligible to enroll in the Expert level of the program.

Enrollment for both levels in the April 2012 examination window remains open through January 31, 2012.

The CIPM curriculum is offered online and examinations are administered during two periods each year at test centers worldwide.

 


CFA Society Of Chicago Announces University Line Up In Local Level Of The CFA Institute Research Challenge

Top Illinois and Indiana Business Schools compete on equity research for a chance to advance to the regional and global finals

Chicago - CFA Society Chicago announced today the 10 universities participating in its first administration of the CFA Institute Research Challenge. The Research Challenge is an annual educational initiative designed to promote best and ethical practices in equity research to finance and business students through hands-on mentoring and intensive training in equity analysis. This year, more than 2500 students from 500 universities worldwide will participate in local Challenges, leading to the national and global finals.

CFA Chicago is pleased to announce the 10 universities that will compete on Feb. 16, 2012, in Chicago for the local Research Challenge title:

  • DePaul University
  • Illinois Institute of Technology
  • Loyola University Chicago
  • Northern Illinois University
  • Northwestern University
  • Saint Xavier University
  • University of Chicago
  • University of Illinois at Chicago
  • University of Illinois at Urbana-Champaign
  • University of Notre Dame

"This local Challenge brings together the top universities, students and investment professional in a competitive forum that highlights ethics, professionalism, and the value of a career in the finance industry," said Michelle Moreno, CFA, senior vice president First Analysis. "This highly-regarded competition pits the brightest future finance and business minds against one another."

The program spans nearly an entire academic semester, and consists of the following components:

  • Training in Research and Report Writing
  • Equity analysis of a Public Company
  • Mentoring by an CFA credentialed Investment Professional
  • Assessment of Written Reports
  • Presentation of Research to a Panel of Experts

Founder and CEO of High Pointe Capital Management, Gautam Dhingra, Ph.D., CFA, said, "We are thrilled that all of the best schools in the area were eager to participate in the CFA Institute Research Challenge. Their excitement about this opportunity is very gratifying for CFA Society Chicago, as organizers and sponsors of the competition."

The local Challenge team winners will receive an internship at Morningstar, Inc. (NASDAQ: MORN) (subject to usual and customary HR requirements). In addition, the first, second and third place teams will receive various prizes sponsored by CFA Chicago. The local Challenge team winners will continue on to the regional competition in New York. Regional champions will then vie for the global title on April 12 in New York.

This year's local challenge is hosted by CFA Society Chicago, www.cfachicago.org.

CFA Institute Research Challenge
Additional information on the Research Challenge and its participants can be found on the CFA Institute website, www.researchchallenge.org.

CFA Society Chicago
CFA Society Chicago, www.cfachicago.org, is the world's oldest investment analysts society. It was founded in 1925, with a membership of 4. Today, the society is the 6th largest society in the world, with more than 4,000 members.

CFA Society Chicago aims to be the premier local resource for Chartered Financial Analyst designees, candidates and other investment professionals. Specifically, the Society empowers a community of financial professionals and serves as a platform to:

  • Create programs, disseminate information, and provide services of direct benefit to members;
  • Promote adherence to the highest ethical and professional standards; and
  • Foster a culture of inclusion, diversity, and respect among investment professionals.

CFA Institute
CFA Institute is the global association for investment professionals. It administers the CFA and CIPM curriculum and exam programs worldwide; publishes research; conducts professional development programs; and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 100,000 members, who include the world's 90,000 CFA charterholders, in 135 countries and territories, as well as 135 affiliated professional societies in 58 countries and territories. More information may be found at www.cfainstitute.org.

 


CFA Institute Launches "Top New Finance App" Developed by WillowTree Apps

New York, NY, September 28, 2011 - CFA Institute, the global, not-for-profit association of investment professionals that awards the CFA and CIPM designations, has partnered with app development company WillowTree Apps to launch the CFA Institute Mobile App, which was recently highlighted as a "top new Finance App" in the Apple iTunes App Store.

"The CFA Institute Mobile App is a free and convenient way for busy investment professionals to stay up to date with key trends and the latest research on finance and investing - no matter where they are in the world," said Jan Squires, CFA, managing director of the Strategic Products & Technology division at CFA Institute. "Given the widespread use of mobile devices in our industry, apps like this provide important new channels for delivering high-value educational content and services to CFA Institute members, candidates and other constituents. We were pleased to engage WillowTree Apps on all phases of the development, from concept to launch." The CFA Institute Mobile App, now available in the Apple iTunes Store and Android Marketplace, delivers audio and video podcast interviews with leading investment practitioners and provides access to CFA Digest summaries, which highlight and condense the most important, investment practitioner-oriented articles from a universe of more than 70 publications. Users can save content from the app for off-line consumption, and easily share the content via email or over social networks like Facebook, LinkedIn and Twitter.

To download the CFA Institute Mobile App, visit:

"The CFA Institute Mobile App was an important project for our team," said WillowTree Apps CEO Tobias Dengel. "Working with CFA Institute was a pleasure, and the resulting iPhone and Android apps allow time-pressed financial professionals to easily stay current with the organization's valuable analysis of the rapid changes in global finance."

 


Check your email inbox for the new CFA Chicago weekly email

Streamlined and distributed weekly, this new member benefit will help you plan which events to attend and keep you up to date with the latest news. Didn't get our weekly email? Let info@cfachicago.org know you want to be added to the distribution list.

 


Snyder appoints CFA Chicago member Quackenbush to Public Service Commission

The Holland Sentinel, Lansing, MI., 15 Sept., 2011 - John Quackenbush was appointed today by Gov. Rick Snyder to serve as chair of the three-member Michigan Public Service Commission.

The commission provides regulatory oversight of Michigan's utilities. Quackenbush's "extensive experience in the financial services industry" will be important to the commission, Snyder said in a statement.

Quackenbush, of New Buffalo, has worked for UBS Global Asset Management for 10 years, the statement said, most recently as a managing director and senior investment analyst responsible for equity research of the transportation, utilities and coal industries in the U.S. and Canada. He previously worked as manager of the Sprint Corporation Treasury Department and Sprint Corporation Local Telecom Division.

Quackenbush was named a Top Gun U.S. Industrials Investment Mind in 2011 by Brendan Wood International. He obtained certification as a Chartered Financial Analyst (CFA) in 1993 and is a member of the CFA Institute and CFA Society Chicago. He previously served as a board member of the Society of Utility and Regulatory Financial Analysts.

Quackenbush will serve a six-year term beginning Oct. 17 and expiring July 2, 2017, and replaces Monica Martinez. Current chairman Orjiakor Isiogu will continue to serve on the commission as a member. He will represent Republicans; no more than two members of the commission may be from the same political party. The appointment is subject to the advice and consent of the Senate.

 


CFA Institute Announces June 2011 Worldwide CFA Exam Results

43 percent of 115,027 CFA candidates from 90 countries pass

New York, NY., 16 August, 2011 - CFA Institute announced today that 43 percent of 115,027 current and aspiring investment professionals worldwide passed the June 2011 CFA exams, bringing them one step closer to earning the CFA designation, a mark of distinction that is globally recognized by employers, investment professionals, and investors as the definitive standard by which to measure serious investment professionals.

To earn the CFA charter, candidates must sequentially pass three six-hour exams that are widely considered to be among the most rigorous in the investment profession. The 2011 exams were given at 266 test centers in 189 cities worldwide.

The Level I global pass rate was 39 percent (48,068 took the exam, up from 46,863 in June 2010) and the Level II global pass rate was 43 percent (44,175 took the exam, up from 43,406 in 2010). Of the 22,784 individuals (up from 21,462 in 2010) who in June 2011 took the third and final exam that leads to the prestigious CFA designation, 51 percent passed. CFA Institute expects that the majority of candidates who passed the Level III exam will become CFA charterholders later this year, bringing the number of charterholders worldwide to nearly 100,000. (View historical pass rates)

"It is encouraging to see the growth in the overall number of candidates registering for the CFA Program, despite the volatile aftermath of the global financial crisis," said John Rogers, CFA, president and CEO of CFA Institute. "A number of factors are driving the demand for further financial education, including a desire for personal career development and a growing demand for well-qualified investment professionals."

"We believe that we can help to rebuild trust in the financial community through education and the advancement of professional ethics in the investment profession; our charterholders do this by adhering to our Code of Ethics and our Standards of Professional Conduct. Last year, we conducted 20 panel discussions in worldwide locations to test our curriculum against what the profession needs and uses now. This continuous practice analysis process enables us to revise the curriculum annually - ensuring that we provide candidates with current and relevant practical knowledge."

"The overall increase in uptake of the CFA Program demonstrates the importance which the investment industry places on the CFA credential, which is valued not only because it is challenging and comprehensive, but because it is relevant, " said Tom Robinson, CFA, managing director of education for CFA Institute. "This year's exam results conform to the recent 10-year exam history. It is important to keep in mind that exam pass rates are based on a standard-setting process that considers what a qualified candidate needs to know to practice in the current environment, rather than a set passing score or rate."

The CFA curriculum includes ethical and professional standards; financial reporting and analysis; corporate finance; economics; quantitative methods; equity, fixed income, alternative investments; derivatives; portfolio management; and wealth planning. CFA Institute has administered well over a million exams since the inauguration of the CFA Program in 1963.

On average, candidates report to spending in excess of 300 hours of study to prepare for each level. CFA candidates typically take four years to pass the three required exams. The Level I exam is offered twice per year, while the Level II and Level III exams are offered once each year. The Level I exam consists of multiple-choice questions. Level II is composed of item sets (i.e., mini cases with detailed vignettes), and the questions at Level III are 50 percent item set and 50 percent short answer and essay.

Those who passed the Level III exam - 11,567 candidates ? will begin receiving their CFA charters in early October 2011, provided that they also have completed the minimum work experience requirement of four years in the investment industry, signed a commitment to abide by the CFA Institute Code of Ethics and Standards of Professional Conduct, applied to a CFA Institute society, and become a member of CFA Institute. (View an interactive website that recognizes the 7,353 charterholders who earned their charter in 2010.)

Just as earning the CFA charter shows that an investment professional is committed to a higher standard, hiring a CFA charterholder signifies that a firm is, too. Employers and media around the world recognize the CFA charter as the standard of professional excellence, and, with such widespread recognition, CFA charterholders earn a significant competitive advantage for international employment. CFA charterholders are typically employed by investment companies, mutual funds, broker-dealers, investment banks, and as private wealth managers.

Regulators around the world also recognize the value of the CFA charter (read more). Nearly all U.S. state securities commissions grant CFA charterholders an exemption from their licensing exams for investment advisers and investment adviser representatives. The NYSE and FINRA provide an exemption from the analysis portion (Series 86) of the Research Analyst Qualification Exam for certain applicants who have passed Level II of the CFA exam. Additionally, regulators in 21 other countries and territories such as Australia, Brazil, Canada, Hong Kong, Mexico, Peru, Singapore, South Africa, and the United Kingdom accept the CFA designation as meeting licensing or qualification requirements. In Indonesia, the Philippines, and Thailand, passing a certain level of the CFA exam is required to practice in the jurisdiction.

Select colleges and universities have an appreciation for the global relevance of the CFA charter and the advantages it provides for their graduates. These institutions have been identified by CFA Institute as CFA Program Partners and they embed a significant percentage of the CFA Program Candidate Body of Knowledge into their degree programs, as well as commit to cover the CFA Institute ethical and professional standards in the curriculum. This recognition tells students and employers that the university curriculum is closely tied to professional practice and is well suited to preparing students to sit for the CFA exams. Currently, there are 137 CFA Program Partners on six continents, including Saïd Business School at the University of Oxford and The Johnson School at Cornell University.

Examples of countries and territories with the largest number of candidates that took a CFA exam are the United States (29,537), Mainland China (13,787), India (10,515), Canada (9,514), the United Kingdom (7,742), Hong Kong (6,534), Singapore (3,619), Germany (1,689), South Africa (1,621), Switzerland (1,543), France (1,431), and the United Arab Emirates (1,158).

 


Deadline Extended to 8/15 - Annual Dinner Sponsorships

Don't miss the chance to have your firm's name printed in the CFA Chicago Annual Dinner Invitation that is mailed to more than 4,000 members, investment professionals and key decision-makers. Deadline extended to Mon. Aug. 15, 2011.

Sponsorship details: http://www.cfachicago.org/sponsorship.asp

Contact: sponsorship@cfachicago.org or (312)251-1304

 


Volunteers Needed for Local Investment Research Challenge

CFA Chicago Seeks Volunteers for Local Investment Research Challenge

This year, as part of our ongoing university outreach program, CFA Society Chicago plans on participating in the CFA Institute Investment Research Challenge by sponsoring a local competition for university students in the Chicago area.

The CFA Institute Research Challenge offers students the unique opportunity to learn from leading industry experts and compete with peers from the world's top finance programs. This annual educational initiative promotes best practices in equity research among the next generation of analysts through hands-on mentoring and intensive training in company analysis and presentation skills. Winners of the local competition advance to the regional, national and global competitions. You can find out more about the Research Challenge at http://www.globalinvestmentresearchchallenge.org.

We will rely on our members and volunteers to make the Chicago Challenge a success and to position our local winner to perform well in the successive rounds of the competition. We are seeking volunteers with equity analysis expertise to:

  • Serve as team mentors,
  • Review the written reports,
  • Judge the in-person presentations, and
  • Serve as general volunteers to help coordinate our efforts.

If you are interested in becoming part of this exciting initiative, please send a message with the following information to researchchallenge@cfachicago.org.

Research Challenge Volunteer
Name:
Email:
Volunteer Role: (Mentor, Reviewer, Judge, or General)

Thank you!

 


Annual Dinner and Golf Outing Sponsorship Opportunities Now Available - Showcase Your Firm!

Please join CFA Society Chicago as we plan for two of our highest profile events - the 7th annual Golf Outing and our 25th Annual Dinner. Consider securing your firm's sponsorship of the Annual Dinner and/or Golf Outing, which will provide you with an excellent opportunity to showcase your firm to our membership, socialize with individual members and show support for the CFA designation and the Society as well. Keep reading for specific details.

CFA Society Chicago 2011 Annual Dinner
Please join CFA Society Chicago as we celebrate our 2011 Annual Dinner on Thursday, November 10, 2011. This event is the premier networking event of the year, bringing together almost 800 of Chicago's leading investment professionals and key decision-makers. In 2010, 48 prominent Chicago firms supported their Society member-employees and honored their newly inducted Charterholders by sponsoring the event and purchasing corporate tables. This year's keynote speaker, Jeremy J. Siegel, author of the best-selling Stocks for the Long Run, will present "What's Ahead for the Economy and Markets Now?". Also, in addition to congratulating our new Charterholders, we will be honoring The Hortense Friedman, CFA, Award for Excellence Recipient: Philip Edward Arnold, CFA.

Please consider securing your firm's sponsorship of the CFA Chicago Annual Dinner, which will provide you with a high-profile opportunity to get your firm's name in front of our membership and to socialize with individual members, as well as to show support - not only for the new class of CFA Charterholders, but also for the CFA designation and the Society.

Key Sponsorship Benefits:

  • Cultivate Relationships with Clients & Colleagues
  • Maximize Exposure at Flagship Event
  • Position Firm as Industry Leader
  • Celebrate New CFA Charterholders

Detailed information about available sponsorship opportunities can be accessed through the Annual Dinner Sponsorship Brochure. We've made enhancements to the various sponsorship levels, adding exciting benefits that will maximize your firm's visibility and provide key access to exclusive, members-only opportunities. Ensure your company is represented as a sponsor at this exclusive event!

CFA Society Chicago 2011 Annual Golf Outing
Join CFA Society Chicago for our 7th Annual Golf Outing on Thursday, September 22, 2011 at Olympia Fields Country Club on their North Course - the site of three previous USGA Championships. This exclusive, members-only event is one of our most popular networking events of the year. Sponsorship of the Golf Outing will provide you with a high-profile opportunity to showcase your firm's name to our membership and to socialize with individual members in a more intimate and informal setting.

Key Sponsorship Benefits:

  • Maximize Exposure for Organization
  • Cultivate Relationships with Clients & Colleagues
  • Network with Targeted Group of Financial Professionals

Detailed information about available sponsorship opportunities can be accessed through the Annual Golf Outing Sponsorship Brochure. We have developed packages to include exciting benefits that will maximize your firm's visibility and provide key access to exclusive, members-only opportunities. Ensure your company is represented as a sponsor at this year's golf outing!

To confirm your sponsorship for either event, please contact CFA Chicago at (312) 251-1304 or at sponsorship@cfachicago.org.

 



Leverage the Power of CFA Chicago: Join our LinkedIn Members-Only Group!

You may already be aware that LinkedIn is the world's largest web-based professional network with over 100 million members. What you might not know is that CFA Society Chicago has a LinkedIn Group designed specifically for members. Click here for more details...

 


2011-2012 Membership Dues

After careful consideration, the Board of Directors of the CFA Society Chicago voted to increase membership dues. Beginning with the 2011-2012 fiscal year, dues for Regular, Affiliate and Charterholder membership will be $175; Student membership will be $60. This change will appear on your 2011-2012 dues invoice.

Since our last dues increase in 2003, the CFA Society Chicago has increased programs by more than 40 additional events, added two new staff members, and is servicing close to 1,000 additional members. As our membership continues to grow, the Board felt it prudent to place the Society in the best position possible to meet the needs of our members with a diverse offering of programs and services.

To meet these needs, the Board of Directors has implemented a comprehensive strategic plan that incorporates:

  • Significant increases in programming quantity and quality;
  • Additional professional development opportunities including a permanent development curriculum;
  • Multiple touch points and access to educational content through technological improvements including Webcasting, Webinars, incremental ad-hoc programming and time-delayed access;
  • Customized programming to address the diverse needs of our membership over their career life-cycle;
  • Strategically highlighting the benefits of the CFA designation and capabilities of our members to potential employers and clients.

We will need to build some additional infrastructure and capabilities through both personnel and outsourced vendors in order to effectuate these initiatives and deliver added value to our members.

Our goal is simply to deliver best-in-class service at minimal cost. While price increases are never welcomed, we believe it is necessary for our society to achieve continued success in our ongoing efforts to enhance benefits to our membership. On behalf of the Board of Directors, thank you for your continued support.

Sincerely,

Sincerely,
Leo Harmon, CFA
Chairman, CFA Society Chicago

 


2010


2010 Annual Dinner Photos Now Available!

Photographs from the CFA Society Chicago's 24th Annual Dinner are now available! Images from the evening can be viewed and purchased online at: www.alyssamiserendino.com. Click on "Client Gallery" ... "Events" ... "CFA Chicago Annual Dinner 2010."

Images will be available from Novermber 12, 2010 - February 14, 2011.

CFA Chicago Partners with Kaplan Schweser

August 31, 2010: LA CROSSE, WI - On September 1, CFA Society Chicago announced the signing of an exclusive agreement naming Kaplan Schweser the society's Preferred Provider of Chartered Financial Analyst® (CFA®) exam preparation. As part of the agreement, Kaplan Schweser will provide seven annual scholarships for select society members, and discounted CFA exam review pricing for the entire membership.

According to Kaplan Schweser Senior VP of CFA Education Dr. Doug Van Eaton, CFA, Kaplan Schweser study tools are designed to provide efficient and focused coverage of the critical material candidates need to know in order to be successful on the CFA exam. Click here for the full press release.

Ignore Your Online Function Tickets and They'll Go Away!

Your Online Function Tickets are set to expire on June 30, 2010. Don't let them get away! CFA has exciting events coming up that you won't want to miss!

To see the calendar of upcoming programs, please click here.

You can view your event ticket balance by logging into the website and clicking on the "Preferences" tab located at the top of the members-only home page. Once you are in the "Preferences" section, you will see your ticket balance under "Part I - Your CFA Chicago profile". Please note that you can only redeem function tickets by registering for events online. For more information on the paperless event ticket system, please visit: http://www.cfachicago.org/event_tickets.asp.

We look forward to seeing you soon.

CFA Chicago Softball League Seeking Female Players

The Society's Softball League, which starts on Tuesday, May 11th, is still looking for a few more female players to join the team. If you are interested in participating, please contact our office by Monday, April 26th via phone: (312) 251-1301 or email: info@cfachicago.org. To view details regarding this event, please click here.

CFA Chicago Welcomes New CEO and President

Dear CFA Society Chicago -

It is my pleasure to introduce to you the Society's new CEO and President, Angela McKay, CAE. After an extensive search, Ms. McKay was selected by the Board of Directors to replace Jill Epstein, the Society's former CEO and President. Ms. McKay's extensive association experience at the Academy of General Dentistry, Professional Convention Management Association and Healthcare Financial Management Association will be a great asset to the Society. Ms. McKay joined the Society on January 4th and has been busy at work ensuring a smooth transition.

Angela McKay previously served as the Director, Constituent Services for the 35,000-member Academy of General Dentistry (AGD) in Chicago. In her role, Ms. McKay oversaw all aspects of constituent services, programs and communications. She was the primary contact for over 800 leaders and built a strong relationship with members by focusing resources on the training and development of constituent Boards and new volunteer leaders. Prior to joining the AGD, Ms. McKay worked closely with association leadership and members at the Professional Convention Management Association (PCMA) and the Healthcare Financial Management Association (HFMA) where she began her association career in 2001.

McKay graduated with a Bachelor of Science degree from Illinois State University. She is very involved with the Association Forum, an organization dedicated to advancing the professional practice of association management, and served as the Component Relations SIG Chair from 2007-2008. Ms. McKay is also an active member of the American Society of Association Executives and obtained her Certified Association Executive designation in 2009. An Illinois native who currently resides in Chicago, she and her husband, Shaun, welcomed their first son in August last year. In addition to spending time with their family, they serve as mentors to a high school student through Partnership to Educate & Advance Kids (PEAK), a charitable organization providing opportunities for at-risk youth.

Please join me in welcoming Angela McKay to the Society. Ms. McKay can be reached at amckay@cfachicago.org.

Joan Rockey
Chairman of the CFA Society Chicago
jrockey@hadelrock.com


2009


Redeem 2009-2010 Function Tickets!

2009-2010 function tickets have been deposited in members' online accounts. (Please note that you will only receive the function tickets after you have paid dues.) For more information on accessing and redeeming your tickets for upcoming events, click here.

Candidate Membership in CFA Chicago now available!

Effective July 1, CFA Chicago now accepts candidate applications for a local membership in CFA Chicago. This opportunity is only available to Level II and Level III candidates with active candidate numbers and slots for candidate members are limited. For more information, click here.

CFASC Chicago Member Quoted in Barrons

Kathleen Shanley, CFA, senior bond analyst at Gimme Credit, was interviewed for her opinions on the credit markets in the March 16, 2009 issue of Barrons, pp. 42-43. Barrons subscribers can read the article at http://online.barrons.com/article/SB123698557308325345.html.


CFA Society Of Chicago Member Wins Prestigious Research Award

Paul D. Kaplan, CFA, was honored by CFA Institute as the 2009 winner of the Graham and Dodd Award for his article, "Why Fundamental Indexation Might - or Might Not - Work". The research published in the January/February 2008 issue of the Financial Analyst Journal.


2008


CFA Society Chicago Members Appearing in CFA Institute Magazine

The November/December 2008 issue of the global magazine for charterholders (http://www.cfapubs.org/toc/cfm/2008/19/6) included references to a number of our Society's members.

In the "Independent Variables" article (pp.35-39), Mark Toledo, CFA was featured as a professional (and CFASC volunteer!) taking the independent advisor track (p.38).

In the brief on organizational changes (p.44), developments related to Jeff Diermeier, CFA (outgoing CEO), Brian Singer, CFA (incoming Board Chair), Alan Meder, CFA (incoming Board member) and Mark Anson, CFA (continuing Board member) were noted.

Bill Gray, CFA authored a memorial tribute (p.45) on the late Ted Lilley, CFA.

Ralph Wanger, CFA contributed his "Chapter 10" column (pp.54-55) on Benjamin Graham's "books of prophecy" and the collision of incompatible assumptions.


Coming Federal Tax Law Changes - Input Invited

At a meeting in Chicago on 12/04/08, Russell Sullivan, Democratic Staff Director of the US Senate Finance Committee, spoke about anticipated changes in tax law to follow arrival of the Obama administration. Much is brewing, and while the views he shared are inherently speculative, he will welcome any and all tax-related input and queries from practitioners, at russ_sullivan@finance-dem.senate.gov, or 202-224-1550.


U.S. Treasury Relies on Local Assistance for TARP

Ennis Knupp Will Facilitate Management of Troubled Assets

On October 13, the U.S. Treasury announced that Ennis Knupp was engaged via the Emergency Economic Stabilization Act for immediate support on implementing related asset management programs. Ennis Knupp will assist on developing selection/oversight policies for the firms entrusted with direct portfolio management.

Further details are available at the U.S. Treasury website, http://www.ustreas.gov/press/releases/hp1201.htm


CFA Chicago member Kunal Kapoor believes "Market Opportunities Still Exist"

As the market has slipped in the past year, more investors have switched from being optimists to being pessimists. While the number-crunchers can argue about whether we're technically in a recession, there is no doubt that there has been a significant slowdown that is likely to persist into the fourth quarter of 2008. That said, we maintain our belief that much of the bad news is reflected in asset prices, particularly stocks and bonds.

To see full article, click here.


CFA Test-Takers Seek Competitive Edge as Wall Street Cuts Jobs

CFA Chicago Member Lisa Curran Cited

To read the human interest side of the June, CFA exam, click here.


Opt-In to be listed in the CFA Chicago Public Directory

In response to the increased awareness of the CFA brand, CFA Chicago is pleased to offer members the opportunity to OPT-IN to be listed in a public directory of members on www.cfachicago.org. Unlike the member directory in the members-only section of the website (which is restricted), this directory will be populated with profiles of members who pro-actively choose to be listed and will be accessible by any visitor to the site. These profiles are designed to efficiently facilitate visitor searches for their best contact.

To complete a profile and be listed in the public directory, please click here.


CFA Chicago Member and Volunteer Michele Gambera, CFA quoted in Sun Times and appeared on Channel 11's "Chicago Tonight"

Michele Gambera, CFA, chief economist at Ibbotson Associates was quote extensively in article entitled "Tapping Into Commodities Boom". Click here to see full article:
http://www.suntimes.com/business/roeder/821134,CST-FIN-curious02.article

Michele also was a panelist on a March 26 televised discussion about the economic outlook moderated by WTTW's Carol Marin.


Connect and Collaborate using the NEW "CFA Community"

CFA Chicago is pleased to announce the launch of "CFA Community" on the CFA Chicago website. This social networking platform (think "LinkedIn" meets "My Space" meets "Match.com"), exclusively for CFA Chicago members, lets you instantly build relationships and share ideas whenever you want to network. You create a personalized member profile (which can include a photo, documents, and media) and the system will help you find like-minded members. You can click on any profile to learn more about a member and send an email of introduction or set up a meeting.

We believe this members-only benefit will be a valuable networking tool and we are delighted to be the first CFA society to offer such technology.

To get started, click here: http://www.cfachicago.org/Members/cfacommunity.asp


Federal Reserve Bank of Chicago Presidents presents to CFA Chicago

Charles Evans addressed the outlook of the US economy and the impact of the credit market crisis on homeowners, consumers and businesses at a sold-out CFA Chicago luncheon. To see the full presentation on Bloomberg TV, click here.


CFA Chicago Member Gerald Jensen In the News

Gerald Jensen, CFA, Professor in the Finance Department at Northern Illinois University, was interviewed by a Chicago Tribune reporter for his expertise on presidential election-year investment strategies. The Tribune story -- "It's Investor Doubts in a Landslide" -- appeared on the front page of the Chicago Tribune business section, and explored Jensen's co-authored research study entitled "Don't Worry About the Election, Just Watch the Fed," the findings of which previously received major national media attention. Jensen's co-authors of the research study are Robert Johnson, Managing Director at the CFA Institute, and Scott Byer, University of Wisconsin-Oshkosh Assistant Finance Professor. Mr. Jenson was also interviewed by Stocks, Futures, and Options Magazine on his co-authored research study "Gridlock's Gone, Now What?", which had previously received major national media attention (click to view). Written by NIU Finance professor Gerald Jensen, University of Wisconsin Oshkosh professor Scott Beyer, and CFA Institute Managing Director Robert Johnson, the study explores whether or not return on investments fair better during periods of political gridlock. The SFO story refers to Jensen's research study as a seminal piece. The SFO story is entitled "What's the Real X Factor? What could a Republican or Democratic U.S. President Mean for Future Markets?".