News & Updates
CFA Chicago Board Member Carmen Heredia-Lopez, CFA appointed Kellogg Foundation Director of Investments
Carmen Heredia-Lopez, current CIO of Chicago Teachers Pension Fund, has been tapped to lead the W.K. Kellogg Foundation's $8.3 billion portfolio. More
CFA Chicago is excited to announce the launch a new chapter in the history of CFA Chicago - the CFA Society Chicago Blog.
The Communications Advisory Group developed this new communication tool, populating it with event news, speaker recaps, society news and more. As the blog continues to grow, I invite you to submit articles that address current trends and research in the in the investment industry. This blog will also be an exciting part of the society's 90th anniversary celebration, starting in 2015.
Browse the blog, read about our great events ... and members - consider joining the Communications Advisory Group.
CFA Society Chicago invites all members to support the Greater Chicago Food Depository by participating in the 1 City, 1 Food Drive campaign by donating one bag of food.
We invite you to drop off one bag of non-perishable food donations at our office now through Thurs., Dec. 11. Drop off location: 134 N. LaSalle Street Lobby or our office in suite 1740.
CFA Chicago's mission is to lead the investment profession by promoting the highest standards of ethics, education, and professional excellence; to shape an investment industry that serves the greater good; and to serve as the premier local resource for Chartered Financial Analyst designees, candidates, other investment professionals and our communities. CFA Society Chicago, the world's first investment analysts' society, is committed to working with our members and the investment community to achieve our mission by expanding our investment culture to serve the interests of investors and society.
View photos from the 28th Annual CFA Society Chicago Dinner, held on Oct. 23, 2014, at the Navy Pier Grand Ballroom in Chicago. View Photos
The 2014 Annual Dinner is our premier networking event of the year, bringing together nearly 1,000 investment professionals and key decision-makers. The 28th Annual Dinner will take place on Thurs., Oct. 23 from 5:00-9:00 p.m. at Navy Pier Grand Ballroom. The Officers and Directors of CFA Society Chicago invite you to attend this year's event where you will have the opportunity to socialize with individual members and show support for the new class of CFA Charterholders, the CFA designation and for the society.
The keynote speaker is Governor Jon Huntsman, Jr. - U.S. Ambassador to China (2009-2011); Governor of Utah (2005-2009); Co-chair, No Labels; Co-chair, Intellectual Property Commission. Also being honored is Ralph Wanger, CFA, with The Hortense Friedman, CFA, Award for Excellence. Registration closes Oct. 2 - Register Today
There is now only one week left in the CIPM registration window for the October 2014 exam. Do not miss out, register by 31 July 2014.
Only one designation offers the advanced skills in investment performance and risk evaluation that prove your skill, commitment, and integrity. The Certificate in Investment Performance Measurement (CIPM®) offered by CFA Institute provides a practice-based approach to attribution, manager selection, and risk management to drive smarter, more effective investment decision-making.
With CIPM, you'll be prepared to:
Registration for the October 2014 CIPM exam is open until 31 July 2014. Register Now
Chicago's financial leaders elect new board members at CFA Society Chicago Annual Meeting
Chicago - CFA Society Chicago, the leading organization for Chicago's investment community, elected new and returning board members at the Annual Meeting on June 24, for terms beginning on July 1.
"The CFA Chicago board includes executives and leaders from organizations across Chicagoland, representing the wide diversity of our membership that forms Chicago's financial and business community," said Angela McKay, CAE, CEO and President, CFA Society Chicago. "The board will lead CFA Chicago, and continue to grow and evolve to the benefit of all our members by leading the investment profession in the promotion of the highest standards of ethics, education and professional excellence in the investment community."
CFA CHICAGO BOARD OFFICERS:
Chairman: Christopher Vincent, CFA
Vice Chairman: Kerry Jordan, CFA
Secretary/Treasurer: Carmen A. Heredia-Lopez, CFA
New CFA Chicago Board Members:
Returning CFA Chicago Board Members:
CFA Society Chicago
Only one designation offers the advanced skills in investment performance and risk evaluation that prove your skill, commitment, and integrity. The Certificate in Investment Performance Measurement (CIPM®) offered by CFA Institute provides a practice-based approach to attribution, manager selection, and risk management to drive smarter, more effective investment decision making.
The CIPM curriculum is based on an advanced body of knowledge that is continuously reviewed and updated by more than 1,000 active investment practitioners around the world to ensure it is relevant to you:
Members: Attend Upcoming Events for Free with Function Tickets - Use Your Function Tickets Before June 30
CFA Chicago regular and candidate members received two electronic function tickets in July 2013, to be used for payment at select events through June 30, 2014. If not used, these tickets will expire on June 30.
How to Apply Function Tickets for Events:
Learn More about Function Tickets.
The GIPS Executive Committee seeks comment on the proposed new requirement for firms that claim compliance with the GIPS standards to notify CFA Institute of such claim. The purpose of this new requirement is to address the expressed requests of various stakeholders across the globe for more information related to compliance with the GIPS standards. The information gathered will also help stakeholders of the GIPS standards understand trends that indicate where growth in the adoption of the GIPS standards is taking place, which markets need more resources, where more promotional efforts should be focused, etc. Comments will be accepted through an online form for the very first time. Please submit your feedback no later than Monday, 7 July 2014.
CFA Institute is seeking volunteers to serve on the Global Investment Performance Standards (GIPS) Executive Committee and GIPS Technical Committee. The GIPS Executive Committee serves as the governing body of the GIPS standards, and is responsible for the strategic development, promotion, and implementation of the GIPS standards, while the GIPS Technical Committee is responsible for the technical oversight of the GIPS standards.
Nominees must have significant knowledge of investment performance and the GIPS standards and be able to assist in ensuring the integrity, consistency, and applicability of the GIPS standards. Volunteers are needed to represent a broad spectrum of geographical areas (countries and regions), as well as key industry and investor groups (plan sponsors, consultants, investment managers, regulators, individual investors, verifiers, performance measurers, etc.).
GIPS Executive Committee and GIPS Technical Committee Openings:
To request a GIPS nomination application, please contact email@example.com. The nominations period for these positions is open until 20 June 2014 at 17:00 ET. The GIPS Nominations Committee will review and analyze all completed nomination applications and submit recommendations for the five open positions to the CFA Institute Board of Governors for their review and approval.
Putting Investors First Month got off to a great start with kick-offs in New York and Chicago on May 1, 2014. The New York Society of Security Analysts, with CFA Society Buffalo, kicked off Putting Investors First month with the ringing of the NYSE closing bell. That same day they held a free, live-stream event covering best practices for individuals, firms, and policymakers to improve the future of finance. CFA Society Chicago also held their 2014 Annual Conference, titled Adapting Investment Strategies to a Changing World. The tremendous participation of societies in this initiative was also highlighted by John Rogers in his address at the Annual Conference in Seattle. (John's presentation starts at the 3:45 mark.)
CIPM registration is open until July 31 for the October 2014 exam. Certificate in Investment Performance Measurement (CIPM) Program provides advanced, globally relevant, and practice-based investment performance and risk evaluation skills. The CIPM designation will set you apart as a deeply knowledgeable investment performance professional committed to your clients' best interests and your firm's success.
CIPM prepares you to:
Registration for the October 2014 CIPM exam is open until 31 July 2014. Learn more.
As an organization we are seeking to be more proactive about changing the industry for the better. The CFA Institute Future of Finance initiative has a mission to "shape a trustworthy, forward-thinking financial industry that better serves society." The CFA Chicago Annual Conference on May 1, in Chicago, will focus on practical implementation matters and the theory behind the practice. But we should also consider why we do what we do. We want to do well for our clients. At the conference, attendees will receive the Statement of Investor Rights. This statement spotlights ten rights that investors should expect from any financial professional.
Even if we get all the technical details right, but our clients don't trust us, they probably won't stick around. A 2013 investor study by CFA Institute and Edelman showed that the number one attribute in hiring an investment manager was someone "trusted to act in my best interest." Only half as many respondents said "ability to achieve high returns." So in addition to what you learn from our expert speakers at the conference, take these rights to your clients and show them how you truly represent their interests.
Hear what Nobel laureate Robert Shiller, who sits on the CFA Institute Future of Finance Advisory Council, had to say.
CFA Society Chicago Annual Conference Speakers Ian Bremmer and Brian Singer, CFA, Share How to Adapt Investment Strategies in a Changing World
CFA Society Chicago Annual Conference on May 1, will bring together the greatest minds in finance including leading CIOs, equity and fixed income market experts, pension plan thought leaders, global political risk research analysts, investment strategists and traders at the University Club in Chicago, 11:30 am - 6:30 pm. More
Registration is now open for the CFA Chicago Annual Conference on May 1. The half-day conference will focus on Adapting Investment Strategies to a Changing World with keynote speakers Ian Bremmer and Brain Singer, CFA. The conference will also feature two panel discussions:
Hear directly from thought leaders from: Eurasia Group, William Blair, Exelon, Ariel, Federal Reserve Bank of Chicago, CPS Teachers' Pension and Retirement Fund, Northwestern University Endowment Fund and BlackRock.
Meet local authors, explore and debate timely industry events and get to know like-minded financial literature enthusiasts. The CFA Society Chicago Book Club embraces discussion of a wide range of themes in the informal environment provided by the book club. From tried and true classics to cutting-edge industry ideas, well-known leaders and niche topics in between, we have something for everyone.
Meetings are Thursdays at 4pm, join us in person or on the phone:
April 17 - Lean In by Sheryl Sandberg
Register at www.CFAChicago.org/events
Note: CFA Chicago's Informal Happy Hours are typically held on Thursdays at 5pm. Now you can attend the book club and continue your discussion at the Informal Happy Hours.
CFA Society Chicago Names Illinois Institute of Technology Champion in the CFA Institute Research Challenge Local Level Competition
The Illinois Institute of Technology Stuart School of Business team was selected as the winner of the CFA Institute Research Challenge, hosted by CFA Society Chicago on Feb. 7. The Illinois Institute of Technology team had the highest overall score, defeating teams from Benedictine University, DePaul University, Loyola University Chicago, Northern Illinois University, Northwestern University, Saint Xavier University, and University of Illinois at Urbana-Champaign. More.
Registration Open for 67th CFA Institute Annual Conference: Shaping the Future of Finance in Seattle
Hosted with CFA Society Seattle
The risk, opportunities, and challenges facing the global investment profession are as complex as ever and investment professionals must remain current. If you attend only one investment conference each year, make sure it's the CFA Institute Annual Conference.
The flagship CFA Institute Annual Conference rotates continents each year and is one of the investment industry's largest and longest-running educational gatherings of investment professionals, attracting as many as 1,800 delegates from 70 countries in prior years. Speakers include top economists, legendary investors, bestselling investment authors, and governmental and regulatory leaders who share insights on today's most critical investment issues, examine market trends, uncover new investment opportunities, and deliver practical investment advice. Featured Speakers Include:
Groups of five or more delegates from the same firm who register by 1 April 2014 receive a discounted rate of US$700. Register a group now and save (PDF).
If you haven't been to a CFA Institute Annual Conference before, experience the excitement now by watching this video.
CFA Chicago Board Member Carmen Heredia-Lopez, CFA, Appointed Chief Investment Officer for Chicago Teachers' Pension Fund
The Chicago Teachers' Pension Fund (CTPF) named Carmen Heredia-Lopez as its new chief investment officer. As CIO, Glen Ellyn resident, Heredia-Lopez, 43, oversees the globally diversified multi-billion dollar portfolio of cash, equities, fixed-income, real estate and alternative investments - and ensures the plan's growth and long-term prosperity through the continued prudent management of its nearly $10 billion investment portfolio. She previously served for three years as CTPF's director of investments. More
Final Five Teams Competing in the CFA Institute Research Challenge Local Level Competition Announced
Cheer on five teams of students from area universities on Feb. 7, as they compete in the CFA Institute Research Challenge hosted by CFA Society Chicago. The competition kicked off Nov. 22 with eight universities participating; and is now down to the final five teams. Listen as the teams present their research on Littelfuse, Inc. (NASDAQ: LFUS) to a panel of judges who are CFA Charterholders and experts in equity research. More
The final five teams:
Cory Fulton, (30), a key staff member of the Mesirow Financial Wealth Management group, was appointed by Mayor Rahm Emanuel to the City of Chicago's Affirmative Action Advisory Board. The board oversees the city's procurement decisions as they relate to minority and women-owned businesses in public contracting. More
Fed's Fisher: Time To Taper Fed's Bond Buys Is Now
View photos from the 27th CFA Chicago Annual Dinner, featuring Nate Silver
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
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
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