CFA Connect
The Newsletter of the CFA Society of Minnesota |
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| Next Event: |
November 11, 2010
With Guest Speaker
Jim Paulson
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Sponsor Ad:
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We appreciate all of our sponsors, including
2010-11 Annual Gold Sponsor:
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Sponsor Ad:
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Did you Remember to vote today?After you vote, subscribe! 
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Committee Updates |
Business Committee
Next Meeting:12/8 @ 5:00pm
Chair Jessica Murray will begin this new fiscal year by leading her committee in developing a
long-term financial plan. Education Committe
Next Meeting: 12/9 @ 3:00pm
The Glocal IRC is getting off to a great start and Stalla/UST live prep courses are up and running. Contact Chair Jake Seltz to get involved!
EmploymentCommittee
Next Meeting:12/14@3:00pm
Chair Greg Baranivsky and committee are working on initial Career Day planning, and developing a list of local finance recruiters.
Membership Committee
Next Meeting: 11/9@ 4:00pm This active committee is enhancing our new Mentor program and coordinating with New Charterholders. Contact Josh Howard to get invoved! Program Committee
Next Meeting: 11/10@ 4:00pm Have you noticed the number of great programs we've offered recently? We always welcome suggestions! Send them to Chair Kim Brustuen. Marketing Committee
Next Meeting: 11/10 @ 7:30am
Chair Karen Florez is welcoming new members to help with a number of public awareness and marking initiatives, including a media directory. |
| Welcome New Members |
16 new members
joined CFA Minnesota in October. Welcome!
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| Financial Funny | |
"I'd like you to consider a bold new strategy..."
*Stocks, Bonds, Cash, Crazy-Get-Rich-Quick-Schemes*
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Business Journal
Smart Reader Strategies
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Next Week! Free!Learn how to use the Business Journal to build your business or find a new one! With special guest, Lee Tyree!Click Here to Register
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Thinking about taking the CFA Exam in June 2011?
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Are you or a colleague interested in learning more about the CFA Exam?
If so, please attend a workshop about the exams lead by CFA Minnesota Board Member and Stalla curriculum teacher, Josh Howard, on November 9th or 10th.
Level I: Tues, Nov. 9, 2010
Level II & III: Wed, Nov. 10, 2010
6:30 - 8:30 p.m.
University of St. Thomas - Minneapolis campus
·Expert-led, interactive problem solving session
·Demonstration of Stalla Master programs and products
·Complimentary study guide and lecture notes
·Drawing for Stalla scholarship at each workshop
·Food, beverages, and networking
Click here for more information!
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Global IRC Kick-off!
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Student teams, Mentors and Volunteers gathered for our first-ever Global IRC Kick-off event last night!
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Recommended Reading
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Investing from the Top Down: A Macro approach to Capital Markets
In Investing from the Top Down, Anthony Crescenzi, esteemed financial author explains how to develop new, highly effective investment strategies by taking a macro view of the factors shaping industries and markets. Emphasizing the importance of economic and market cycles (as opposed to a bottom-up approach, which places valuation ahead of the big picture) top-down investing is better suited for today's global economy and will likely become the dominant strategy in the future.
Crescenzi provides more than fifty tools for analyzing domestic and international trends and indicators, such as GDP growth rates, inflation, interest and exchange rates, and energy prices. He then explains how to narrow your search down to region, total sales, price levels, competition, and entry/exit from market to make astute buying and selling decisions.
Click here to for more information about this and other recommended reading available for purchase through our Amazon.com Store! Every time you shop at Amazon.com, you can support your local CFA Society. Simply purchase through our Amazon.com portal - located on our home page and our NEW Recommended Reading page.
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| Registering for Events | |
A note about event registration through our new website:
For the past year, we have been taking advantage of the registration portal provided by CFA Institute. The new system includes attendance tracking, automatic application of CE credits for members, and an estimated savings for our society of more than $10,000 per year.
Using the system is simple. Each individual registrant must have a CFA Institute website log-in name and password. All that is required is first/last name and a valid email address. Unfortunately, at this time the new system does not allow guest registration in the same way our previous application allowed. Guests are welcome, but will need to have their own user name and password. As host, you are welcome to create this account for them.
On-site registrations will be allowed as available, payable with check or by registering online on-site. |
| Networking |
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Join the CFA Minnesota Linkedin Group! |
| Social Networking |
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We have recently started a Facebook Group. Click here to begin networking with colleagues through this social networking utility. |
| Join Our List |
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Greetings!
Autumn is over the long leaves that love us,
And over the mice in the barley sheaves;
Yellow the leaves of the rowan above us,
And yellow the wet wild-strawberry leaves.
This is the first week of winter for some northern cultures, and the first day of Christmas for the retail sector, not to mention Voting Day! The press about our Annual New Charterholder Dinner, held last week, was incredible, and the event itself was well attended and fun. We're looking forward to a full schedule of events this month, including educational events, new series', networking and social events, and board and committee meetings.
There is A LOT of information in this month's newsletter. Please spend some time learning about our many upcoming events this month, and be sure to keep an eye on our Event Calendar as we are regularly adding new event information.
Make the most of your membership; get involved!
Best Regards,
Maren Amdal, Executive Director
CFA Society of Minnesota
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| FIRM SPOTLIGHT:
Monthly Member Missive |
Would you like to feature your firm in an upcoming newsletter? Click Here. | |
in lieu of the Monthly Member Missive,
A Special Announcement:
Economic Dinner Speaker Confirmed!
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Tony Crescenzi of PIMCO
The CFA Society of Minnesota is proud to announce the keynote speaker for our 2011 Annual Economic Dinner: Tony Crescenzi is a leading market strategist, author and a regular contributor on CNBC and Bloomberg, and is sure to offer information and insights to this year's gala dinner event attendees.
 Anthony J. Crescenzi:
Mr. Crescenzi is a senior vice president, market strategist and portfolio manager in the Newport Beach office. Prior to joining PIMCO in 2009, he was chief bond market strategist at Miller Tabak, where he worked for 23 years. He helped create that firm's asset management division and served as its chairman. Mr. Crescenzi has written four books, including his latest, "The Strategic Bond Investor," which was published in June 2010, and a 1,200-page revision to Marcia Stigum's classic, "The Money Market." He regularly appears on CNBC and Bloomberg television and in financial news media. Mr. Crescenzi taught in the executive MBA program at Baruch College from 1999-2009. He has 27 years of investment experience and holds an MBA from St. John's University and an undergraduate degree from the City University of New York.
Event sponsorships available, or purchase your firm's table now! contact Maren Amdal directly for more information
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NEW! 2010 Annual Sponsorship Program! | | |
Packages provide Savings and Additional Benefits!
The CFA Society of MN has developed a new annual sponsorship program! We invite all our members' firms to participate in these great promotional and awareness opportunities that enable our society to continue to bring valuable services to our members.
These discounted packages will provide sponsors with positive publicity and recognition to our nearly 1,200 members. CFA Minnesota hosts numerous events throughout the year where your company's logo could be prominently displayed. Your firm can also be featured in this very e-newsletter, which is distributed monthly to more than 3,700 industry professionals.
Because we've designed sponsorship levels to suit every need and budget, you can choose the best opportunity for your firm. If you or your firm would like to receive more information about this program, please contact Maren Amdal directly at maren@cfamn.org or 612-317-2888. |
| UPCOMING SOCIETY EVENTS: |
(Register for Society events on our calendar page)
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November Educational Luncheon: 11/11/10
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View from a Chief Investment Strategist
with Jim Paulson, Wells Capital Management
Jim Paulsen is the chief investment strategist at Wells Capital Management. An investment management industry professional since 1983, Jim develops investment strategies that assist in the management of separate institutional account assets as well as mutual and collective investment funds. He joined Norwest Investment Management, Inc., which later became part of Wells Capital Management, as chief investment officer in January 1997. Previously, he was the senior managing director and chief investment strategist for Investors Management Group in Des Moines, Iowa. Earlier, he was president of SCI Capital Management in Cedar Rapids, Iowa. Jim is nationally recognized for his views on the economy.
BusinessWeek named him Top Economic Forecaster for 2001. BondWeek has twice named him Interest Rate Forecaster of the Year. For more than 25 years, Jim has published his own commentary assessing economic and market trends through his newsletter, Economic and Market Perspective. Money named his newsletter one of "101 Things Every Investor Should Know" in March 2004. He earned his bachelor's and doctoral degrees in economics from Iowa State University.
November 11, 2010
11:30am - Registration & Networking
12:00pm - Presentation & Lunch
The Radisson Plaza Hotel
The Norway Room
35 7th Avenue South
Minneapolis, MN 55402
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| A Day in the Life: 11/12/10 | |
of a Derivatives Trader
This series will provide attendees with a peek into the job-title du jour, beginning this month with Derivatives Trader. The half-day session will begin with continental breakfast and an informal presentation, including how the facilitator arrived at their current career and what they do all day! After an open Q&A forum, a site tour of the facilitator's office will round out the morning. Attendees will leave with a better understanding of the position du jour and some ideas about alternate career and educational paths.
These sessions will serve as excellent opportunities to network with your peers. Participation is free to current CFA Minnesota members and a continental-style breakfast will be provided. However, space is limited so be sure to register in advance!
November 11, 2010
7:30am Networking opens
8:00am Presentation
8:45am Q&A and open dialogue
10:00am Site tour of MSSB offices with Mr. Vitelli
12:00pm Session end
CFA Minnesota Offices
527 Marquette Ave, Suite 1300
Minneapolis, MN 55402
Click Here for More Information
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| Breakfast Before the Bell: 11/16/10 |
 November Industry Segment Roundtable: Fixed Income - Research
with guest facilitator from Northland Securities
This new roundtable series is targeted at specific segments of our membership. These small group discussions are an opportunity to share ideas and discuss issues within your particular segment of the investment industry. These monthly meetings will also serve as excellent opportunities to network with your peers, as attendance will be limited to only those within the specified market segment.
Members are asked to self-select from industry areas, including: Wealth Management, Fixed Income, Private Equity and others. Each roundtable session will have a facilitator to help get the conversation started and keep it moving. If you're interested in volunteering to be a facilitator or just want to know more, please contact volunteers Josh Stieler or Paul DeJute.
Date: November 16, 2010
Time: 7:30 am - 9:00 am
This month's Topic: Fixed Income - Research
This month's Facilitator: John Schumacher of Northland Securities
7:30am - Breakfast & Networking
8:00am - Facilitated Round-table
9:00am - Roundtable Closes
CFA Minnesota Offices
527 Marquette Ave, Suite 1300
Minneapolis, MN 55402
Click Here for More Information
Please only register for your specific industry segment.
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| Employment Resource: 11/10/10 |
Business Journal: Smart Reader Seminar
with Lee Tyree, Minneapolis St. Paul Business Journal
Business Journal SmartReader Seminar with Lee Tyree - featuring Business Development Opportunities & Job Search! Please join us on Wednesday, Nov 10, from 8:30-10:00 a.m. at the CFA Society of MinnesotaOffice, Conference Room 1300 Rand Tower, Minneapolis, for a free presentation to learn time-saving strategies for getting what you need from the Minneapolis/St. Paul Business Journal publication.
- Learn how to navigate the Business Journal to enhance your business development opportunities and/or job search
- Identify hiring, healthy growing companies and industries in the seven-county Metro area
- Explore the benefits of using the mspbj.com website and the Book of Lists
- Integrate your new-found knowledge using Linked-in
For more information about Lee Tyree, find him on Linked-in!
Date: November 10, 2010
Time: 8:30 am - 10:00 am
Business Journal Smart Reader Seminar
With Lee Tyree
CFA Minnesota Offices
527 Marquette Ave, Suite 1300
Minneapolis, MN 55402
Click Here for More Information
This event is targeted to job-seekers and those looking to develop their networks. All are welcome.
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| WHAT DID I MISS?: |
October Events Summary | |
| 10/19/10 - Breakfast Before the Bell: | |
Asset Managers facilitated by Jim Ware
CFA Minnesota held its second event in the "Breakfast Before the Bell" series in October. Jim Ware of Focus Consulting Group led a discussion focused on "thrivers, survivors, and divers" and the leadership lessons asset managers might take from Focus' 2010 research of 60 asset management firms. For a copy of the study, click here.
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| 10/28/10 - New Charterholder Dinner | |
With special Guest Speaker Chris Farrell
CFA Minnesota was privileged to recognize the accomplishments of our newest members at a special dinner at the Radisson Plaza Hotel with more than 140 in attendance. We recognized 53 of the more than 80 candidates who passed level 3 or earned their charter this year. The guest speaker was Chris Farrell, and he spoke of various topics from his book The New Frugality.
Also, the University of Minnesota's Carlson School of Managment was selected as a CFA Program Partner, and in recognition of this, a special signing ceremony took place, with guests from both CFA Institute and the University of Minnesota.
You can find more pictures from the dinner here. Check out your copy of the Minneapolis St. Paul Business Journal for the event program!
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| JOB BOARD SPOTLIGHT: |
To feature an open position at your firm, click here | |
List Your Open Position Here
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Employer: Your Firm
Location: Twin Cities, MN
Is your firm hiring? Access the most qualified candidates on the CFA Society of Minnesota's active job board and highlight your posting here in our newsletter.
Click here to visit the main CFAMN Job Board page.
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| INDUSTRY EVENTS: |
Other industry related associations may submit relevant listings directly to info@cfamn.org | |
| ACG Presents ... November 16, 2010 | |
 Luncheon FeaturingPanel
The Great Recessions Impact on the Debt Markets
Leading Twin Cities providers and arrangers of debt capital will describe what they have seen in the markets over the past 12 months. Availability of financing, capital structure considerations, preferred types of transactions, pricing, and regulatory and economic uncertainty will be discussed. Join this panel of local professionals:
Carter Balfour, Norwest Mezzanine Partners
Robin Engelson, Lazard Middle Market
Laura Oberst, Wells Fargo
Timothy Wegener, Thrivent Financial for Lutherans
Moderator, Lesley Zaun, Faegre & Benson LLP
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| FPA Presents... November 16, 2010 | |
 Luncheon Featuring
Steve Leuthold
The Rationale for Flexible Asset Alloction - Why it is Essential to Achieving Investment Success
Attend the FPAMN Monthly Chapter Meeting: The Rationale for Flexible Asset Allocation - Why It Is Essential to Achieving Investment Success with Presenter Steve Leuthold of Leuthold Weeden.
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| Stalla 2-Day Mock Exam Workshop | |
2-day Review Seminar and Mock Exam
In partnership with Stalla and The University of St. Thomas, CFA Minnesota is pleased to again provide our members with access to these live two-day Mock Exam and Review Seminars for Level I of the December 2010 CFA exams. Participate in a simulated exam experience followed by an intensive review facilitated by Stalla's team of CFA charterholders and subject matter experts. Through this two-day seminar you will receive:
- Highly realistic test-taking experience featuring exam-like questions that you might face on the actual exam
- Immediate scoring and feedback to understand your performance by topic and relative to your peers
- Expert review of the most difficult questions, solutions, and core concepts
- Extensive problem-solving, including a take-home section for extended, self-paced practice
- Test-taking insights, tips, and strategies from CFA charterholders who know how to help you prepare to pass
- Unlimited academic support from CFA charterholders and Stalla experts through exam day
Self-study format also available. Cost: $250.
Please contact Amy Napolski, Field Marketing Specialist for Stalla at anapolski@stalla.com or (651)797-2135 if you have any questions or if you would like more information.
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| Schweser Full-Day Mock Exam | |  GET EXAM-READY with Practice, Diagnostics, and Targeted Review
This proctored 6-hour classroom exam is consistent with the actual CFA® Exam topic weightings and follows the CFA Institute exam rules. After taking the Schweser Mock Exam you will receive a key for self-grading. You will also receive online access to SchweserMock.com with:
· Your Exam score and complete answer explanations
· Your score relative to other candidates
· Learning Outcome Statement page references for the CFA Institute texts and SchweserNotes™
Click here for more information and to register.
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| Study Groups Forming! | | |
Level 1 Study Group
If you are taking the CFA Level 1 exam in December and are interested in joining a study group, please join us for a meeting with fellow candidates. Alumni will be available to answer questions and help get the group started. Contact Volunteer Shuxia Zhang for more information.
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Annual Premier Sponsor | | |
Visit the online version of the Minneapolis/St. Paul Business Journal, where you'll find the latest breaking business news, updated throughout the day, some of this week's top stories from the Minneapolis/St. Paul Business Journal and other popular features from the print edition. Click Here. |
About the CFA Society of Minnesota:
Founded in 1952, the CFA Society of Minnesota is a member of the CFA Institute. It is the 16th largest society of among the 140 member societies and affiliates worldwide.
Mission:
To enhance the investment profession by promoting high ethical behavior, professional excellence, and fellowship through high quality, innovative programming.
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