Event Detail

Fundamentals of Investing (Ended)

Date, Time, and Location:
Tuesday, September 18, 2012 (add this event to your Outlook Calendar)
2:30 pm
The Standard Club, 320 S Plymouth Court, Chicago, IL  60604   (Driving Directions)

Date, Time, and Location:
Sept. 18 - Oct. 23 (Six Consecutive Tuesdays)
2:30pm - 4:45pm
The Standard Club, 320 S. Plymouth Ct., Chicago

Program Description:
Does your organization employ assistants or analysts to support investment professionals? Would your support staff be more productive and useful if investment professionals taught them the "Fundamentals of Investing?" CFA Society of Chicago is pleased to announce our annual "Fundamentals of Investing" course. The course will run for six consecutive Tuesdays, beginning Sept. 18. This course typically sells out, so register now!


Sept. 18: Mutual Funds & Asset Allocation
(Structure of Mutual Funds, Types of Mutual Funds, Investment Styles, Selecting Mutual Funds, Performance Evaluation, Costs) Taught by Michael Falk, CFA, Partner with the Focus Consulting Group and Founder of MSF Asset Consulting.

Sept. 25: Stocks and Equity Markets
(Salient Characteristics, Stock Issuance, Stock Trading, Indexes, Trading Costs, Margin Trading, Short Selling, Security Regulation) Taught by Ann Logue, CFA, freelance writer, consulting analyst, and instructor at the University of Illinois at Chicago.

Oct. 2: Bonds and Fixed Income Markets
(Characteristics of Bonds, Types of Bonds, Calculating Present Value of Bonds, Yield to Maturity, Risks of Bonds, Duration) Taught by Christopher Vincent, CFA, Principal, Head of Fixed Income Investment Management at William Blair & Co., LLC.

Oct. 9: Economy and Interest Rates
(Inflation, Interest Rates, Money Supply, Gross Domestic Product, Productivity, Demographics, Unemployment) Taught by Michele Gambera, Ph.D., CFA, Executive Director and Head of Quantitative Analysis at UBS Global Investment Solutions.

Oct. 16: Overview of Financial Statements and Financial Ratios
(Income Statement, Balance Sheet, Cash Flow Statement, Liquidity Ratios, Profitability Ratios, Asset Management Ratios, Valuation Ratios) Taught by Ann Logue, CFA, Freelance Writer, Consulting Analyst, and Instructor at the University of Illinois at Chicago.

Oct. 23: Alternative Assets
(Hedge Funds, Venture Capital, Real Estate, Commodities) Taught by Phillip A Torres, Senior Managing Director and Portfolio Manager of the Harbert Global Macro Fund.

Who Should Attend?

  • Investment assistants/analysts
  • Sales, marketing and client-service personnel
  • Trust administrators
  • Personal bankers
  • Journalists
  • Other professionals supporting senior investment professionals

$350 - Early Bird Discount, must register on or before 5pm, Sept. 12, 2012
$450 - After Sept. 12, 2012
$375 - Early Bird Discount, must register on or before 5pm, Sept. 12, 2012
$475 - After Sept. 12, 2012
$60 - limited student-member seats available
(payable by cash, check or credit card - NO FUNCTION TICKETS)*

NOTE: CFA Chicago must have a minimum of 20 registrants in order to hold this course. Maximum capacity of 60 registrants.

CFA Institute Qualified Activity: Eligible for 12 total credit hours

Attire: Business Casual

For Reservations:
Register online below.

Hosted by: Education Advisory Group

2:30p.m.-2:45p.m. - Registration & Networking
2:45p.m.-4:45p.m. - Fundamentals Course

Presenter Biographies:

Michael Falk, CFA, is a partner with the Focus Consulting Group, the founder of MSF Asset Consulting and a partner and the chief strategist on a global macro hedge fund. He was a former CIO in charge of manager due diligence and asset allocation for a multi-billion dollar advisory. His background includes extensive asset allocation research and portfolio development expertise along with a multi-faceted understanding of behavioral finance and retirement issues. Aside from his consulting and strategist work, Falk is part of the CFA Institute’s Approved Speaker List, a contributing member of the PDDARI group within the Financial Management Association (FMA), the Vice Chair of the Plan Sponsor Council of America’s Investment Committee, and teaches as an adjunct professor at DePaul University in their Certified Financial Planner (CFP) Certificate Program as well as on behalf of the CFA Society of Chicago and is frequently quoted in the financial press. He graduated from the University of Illinois with a B.S in Finance. He also holds the Certified Retirement Counselor (CRC) designation.

Michele Gambera, CFA, is Executive Director and Head of Quantitative Analysis for UBS Global Investment Solutions. In this role, he leads the team developing and maintaining quantitative models for the portfolio management teams in the Asset Allocation & Currency areas of Global Investment Solutions. Gambera joined UBS Global Asset Management in 2010 from Ibbotson Associates, Morningstar's asset allocation consultancy, where he had been Senior Research Consultant and Chief Economist since 2006. During his nine years with Morningstar, he was also a Senior Quantitative Analyst and Chief Economist. Prior to joining Morningstar, he worked for the Federal Reserve Bank of Chicago for two years as an Economist in the Supervision and Regulation division. In addition to his extensive economic and quantitative analysis experience, Gambera has a strong academic background and has held various teaching roles, most recently on the Masters of Finance program at Illinois Institute of Technology. He is often quoted by the press including the Wall Street Journal and the New York Times. Gambera holds a Bachelor's degree in Economics from the University of Trento in Italy, a Masters degree and a Ph.D. in Economics from Pennsylvania State University and he is also a CFA Charterholder.

Ann Logue, CFA, is a freelance writer, consulting analyst, and instructor at the University of Illinois at Chicago. She is the author of Hedge Funds for Dummies (Wiley, 2006), and has also written for Barron's, The New York Times, Newsweek Japan and Compliance Week, among other publications. Her current career follows 12 years' of experience as an investment analyst. Logue holds a B.A. from Northwestern University, an M.B.A. from the University of Chicago, and is a CFA Charterholder.

Phillip A. Torres was a Senior Portfolio Manager for UBS Asset Management, where he ran the firm’s multi-asset absolute return products. Prior to UBS he was a Senior Portfolio Manager with JBS where he managed the firm’s proprietary capital in a global macro strategy. Previous to JBS, he was a Portfolio Manager with Vara Capital Management, a Chicago based global macro hedge fund. Torres held responsibility for Vara's emerging market positions across various interest rate, credit, equity, and commodity related products. Prior to Vara Capital, from July 2001 through April 2005, Torres served as the Emerging Market Portfolio Manager for Ritchie Capital Management's global macro group. Additionally, Torres held responsibility for both Vara and Ritchie’s inflation-linked exposures globally. Before joining RCM, Torres was a consultant for IMCC to the USAID and World Bank, serving on projects involving financial sector and monetary reform in a variety of emerging economies across Latin America, Africa, CIS, and Asia. Concurrently, Torres was an Associate Director for Dimension Capital Management where he constructed and managed portfolios and fund of funds specializing in alternative asset classes and emerging markets. Torres received an MBA from the University of Chicago and a BA in political science from Tufts University. In addition; Speaking/Academic: Contributing author; Investment Banks, Hedge Funds and Private Equity by David Stowell. Lecturer, Asian Investment Training Seminar: Asian and Latin American Central Bank staff.

Christopher T. Vincent, CFA, is a Principal at William Blair & Company, where he heads the Fixed Income Group within the Investment Management division. He joined the firm in June 2002 as a fixed-income portfolio manager. Vincent began his institutional investment career in 1983, and was previously a managing director/senior fixed-income portfolio manager with Zurich Scudder Investments for 14 years. Before that, he was with Ralston Purina Company for five years in the treasury department in the plan sponsor role, where he was responsible for fixed-income investments for the company's benefit plans. Vincent is a Board member of the CFA Society of Chicago. He holds a B.S.B.A. from the University of Missouri, an M.B.A. from Saint Louis University, and is a CFA Charterholder.

*Special Notes Regarding Fees:
Student rate only available to students approved as a Student-Member of CFA Chicago for 2012-2013. Credit card required to guarantee ALL reservations. No day-of-event pre-registrations accepted (on-site only, if applicable and space available). There is a $25 surcharge for walk-ins. Visa, MasterCard, American Express, Discover and Diners Club are accepted. Cancellations accepted until 5:00 pm, Sept. 11, there will be no refunds.

Passport Program
This is a "Passport Program." Members of any CFA society may attend at the CFA Chicago member rate. If you are only a member of CFA Institute, you do not qualify for the society member rate.

CFA Institute CE Qualified Activity
This program qualifies for credit under the guidelines for the CFA Institute Professional Development Program.

Content shared during CFA Society Chicago programs is not, and nothing in it should be construed as, an offer, invitation or recommendation of any specific financial services company or professional, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, any securities in any jurisdiction. By registering for and attending this event, you acknowledge that any photographs that may be taken are the property of CFA Society Chicago and give your consent to their use in CFA Society Chicago's online and print business communications and marketing.