CFA Connect
The Newsletter of the CFA Society of Minnesota |
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| Next Event: |
December 14, 2010
With Guest Panelists:
Mark Simenstad, CFA
John Huber, CFA
Tim Palmer, CFA
Moderator:
Patrick Egan, CFA |
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Sponsor Ad:
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We appreciate all of our sponsors, including
2010-11 Annual Silver:
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Committee Updates
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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:01/18@4:00pm
The employment committee is working on Career Day planning. Contact employment@cfamn.org for more details.
Membership Committee
Next Meeting: 12/15@3:00pm
This active committee is enhancing our new Mentor program and coordinating with New Charterholders. Contact Josh Howard to get invoved! Program Committee
Next Meeting: 02/09@ 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: 12/08 @ 12:30pm
Chair Karen Florez is welcoming new members to help with a number of public awareness and marking initiatives, including a media directory.
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| 2010-11 Annual Sponsorships Available! |
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.
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.
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Level 2 Funding Approved!
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CFA Minnesota has just today won funding from CFA Institute for support of our Media Directory project! We're very pleased to recieve this award and look forward to getting this great project off the ground. A huge thanks to Committee Chair and co-Chair Karen Florez and Sam Smith for their help with the development and writing of this application.
Thanks!
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| Welcome New Members |
17 new members
joined CFA Minnesota in November. Welcome! |
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Global IRC
Investor Relations Day
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A big thanks to Lawson, Inc. for hosting the Global IRC Student Investor Relations day.  Student teams, Mentors and Volunteers gathered for a great IR meeting featuring senior staff. |
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Recommended Reading
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Keynesian Endpoint:
 What happens now? Economics in an age when fiscal stimulus can't be funded and no longer works.
After Lehman fell, the scope of the financial crisis became so great that only the fiscal and monetary authorities possessed balance sheets large enough to resolve it. But if the U.S. is backing its financial system, who's backing the U.S.? Practically, nations have reached ''the Keynesian Endpoint'': No more balance sheets are left to support either economic activity or the financial system.
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! | Financial Funny
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"It's time to replace the bull and bear with a rabbit and cockroach. Rabbits multiply quickly and a cockroach can survive through anything!"
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| Social Networking |
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!
With all the sights, sounds and smells of winter and its many festivities, we hope our contribution here will add to your winter warmth. For starters, the CFA Society of Minnesota wants to treat you to our annual Holiday Social, complete with hors d'vors, beverages, prizes and an opportunity to catch up with some of our other wonderful members!
And just around the corner is our most popular annual event! This year at our Annual Economic Dinner we are hosting guest speaker Tony Crescenzi of PIMCO and right now we're offering special pricing opportunities! Take a look below for more details on this and many other activities coming soon. We look forward to seeing you in the months ahead.
Be sure to keep an eye on our Event Calendar as we are adding events there regularly. We hope to see you at one of our many upcoming events, and we encourage you to make the most of your membership by getting involved!
Best Regards,
Maren Amdal
Executive Director
CFA Society of Minnesota |
| UPCOMING SOCIETY EVENTS: |
(Register for Society events on our calendar page)
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December Educational Luncheon: 12/14/10
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Are we Headed for a Bond Bubble?
A Fixed Income Panel featuring:
Mark Simenstad, CFA; Thrivent Financial for Lutherans
John Huber, CFA; RBC Global Asset Management
Tim Palmer, CFA; FAF Advisors
with Patrick Egan, Thrivent Financial for Lutherans
The CFA Society of Minnesota will be co-hosting a Fixed Income Panel with Thrivent Financial on Tuesday, December 14th. Topics will include the panelists' views on interest rates, whether or not we're experiencing a "bond bubble," inflation fears, and where they see the best opportunities in the current low interest rate environment.
  
Note: Our events are often Thursday luncheons. This event is a Tuesday cocktail hour.
TUESDAY December 14, 2010
3:30pm - Registration & Networking
4:00pm - Presentation
Thrivent
625 Fourth Ave S
Minneapolis, MN 55415-1665
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in lieu of the Monthly Member Missive,
A Special Announcement:
Economic Dinner Title Selected!
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The New Normal:
Insights into the new business environment
with Tony Crescenzi of PIMCO
The CFA Society of Minnesota is looking forward to hearing Tony Crescenzi speak on a "The New Normal". As a leading market strategist, author and a regular contributor on CNBC and Bloomberg, Tony 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! Purchase your firm's table Today! contact Maren Amdal directly for more information
NOW THROUGH DEC 31ST, 2010: Buy one table, get one half-off!
Bring twice the guests for 3/4ths the price!
Contact Maren for more details.
We're also pleased to again partner with two great organizations to produce this event, and offer our most sincere thanks to the many volunteer hours that have already gone into planning this event.
Sign your firm up for a table today! Click HERE. To see more information about this event, click HERE. |
| Breakfast Before the Bell: 12/14/10 |
 December Industry Segment Roundtable: Private Equity: GP/LP Roundtable
with guest facilitator from Northland Securities
This month's Topic: Private Equity GP/LP Roundtable
This month's Facilitator: Mike Israel, Managing Director,
Goldner Hawn Private Equity
Date: December 14, 2010
Time: 7:30 am - 9:00 am
CFA Minnesota Offices
527 Marquette Ave, Suite 1300
Minneapolis, MN 55402
7:30am - Breakfast & Networking
8:00am - Facilitated Round-table
9:00am - Roundtable closes
Click Here for More Information
Please only register for your specific industry segment.
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| Annual Holiday Social: 12/16/10 |
Annual Holiday Social
at The Hotel Minneapolis, Restaurant Max
Annual MidWinter Social
with CFA Minnesota Board of Directors
Come mingle and network with your CFA colleagues at our Annual Holiday Social. FREE!
Bring a friend, colleagues or spouse.
Hors d'vores, beverages and even prizes!
Our third year at The Hotel Minneapolis: Meet us at Restaurant Max!
The Hotel Minneapolis
215 4th Street South
Minneapolis, MN 55401
Thursday, December 16th, 2010
5:00-7:00pm
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| WHAT DID I MISS?: |
November Events Summary | |
| 11/09/10 - View from a Chief Investment Strategist | |
View from a Chief Investment Strategist
with Jim Paulson, Wells Capital Management
Jim Paulson presented a very candid perspective of the markets at our luncheon on Novemeber 9th, which was attended by more than 60 members and guests. Survey responses were very positive, with one commenting: "(Jim offered) something for everyone no matter what part of the investment decision making process you participate in." |
| 11/16/10 - Breakfast Before the Bell | | |
Fixed Income - Research
with John Schumacher of Northland Securities On November 16th, twelve people attended the member roundtable discussion on this month's topic: Fixed Income - Research. It was a well-received event, with one survey respondant stating: "Well-worth the time to drive downtown!" Please take a look at our event calendar to see if your industry segment will be the topic of one of these roundtable discussions in the months ahead. |
| JOB BOARD SPOTLIGHT: |
To feature an open position at your firm, click here | |
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Employer: Disclosure Insights, Inc.
Location: Minneapolis, MN
Disclosure Insight, Inc., a strategic partner of Investment Technology Group (NYSE - ITG), publishes independent investment research. Our primary product is a 1-2 page research report that amounts to "5 Years of Due Diligence in One Report."® To achieve our ambitious growth plan, we have immediate need for an Institutional sales professional.
Click here to visit the main CFAMN Job Board page.
Disclosure Insight, Inc. provides support and research services to professionals assessing the risks of individual securities holdings. Founded in 2000, we are located in Plymouth, Minnesota. You can learn more about us at www.disclosureinsight.com. You can learn more about ITG at www.itg.com.
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| INDUSTRY EVENTS: |
Other industry related associations may submit relevant listings directly to info@cfamn.org | |
| Holiday Cocktails for Charity: 12/09/10 |
Twin Cities Hedge Funds Charity Event
Carlson Towers, 701 Carlson Parkway, The Retreat, 1st Floor
You are invited to join us for Holiday Cocktails for Charity on Thursday, December 9, with the proceeds to benefit the Twin Cities Hedge Funds Care grantees. Help us kick off the season right with lots of holiday cheer, good food and great company!
Cost: $40 at the door
Sustenance: Hors d'oeuvres & open bar
RSVP: July Hugen ~ july.hugen@pinerivercapital.com by 12/5/2010
Thursday, December 9, 2010
6:00pm - 9:30pm
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| ACG Presents ... December 21, 2010 | |
 Luncheon FeaturingAn Investor Risk Panel
The Great Recession's Impact on the Debt Markets
How investors attitudes about risk and risk assessment changed as a result of the events of 2008/2009.
The financial market crash of 2008/2009 is considered a "black swan" event. Very rare in occurrence, but very significant in impact. There is nothing new here, but what long-term impact has this had on professional investor's thinking and behavior? What did we learn about risk assessment and management as a result of 2008/2009?
Join this panel of local professionals for this insightful lunch.
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| FPA Presents... December 21, 2010 | |
 Luncheon Featuring
Doug Lennick
Financial Intelligence:
How to Help Your Clients Make Smart, Values-Based Decisions with Their Money and Their Life
Come join Doug Lennick on December 21st at 2:30 pm. The decade from 2000 - 2009 saw the market begin at 10,000 and end at 10,000, but the wild ride in between clearly demonstrated the importance of and need for financial planning that takes human behavior into account. In this presentation, audience members will learn about the Smart Money Philosophy and how to help investors make smart, responsible, values based decisions with and about money in the face of competing and difficult-to-deal-with emotions. Attendees will leave inspired to increase their financial intelligence and help their clients do the same.
Click here for more information and to register.
Tuesday, December 21, 2010
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| Stalla Exam Workshops & LIVE Prep Courses | |
LIVE Prep Courses for Level I, II, & III
Beginning January 2011
University of Saint Thomas, Minneapolis
LIVE Level I classes start January 18 (Tuesday evenings - special pricing!)
LIVE Level II classes start January 19 (Wednesday evenings)
LIVE Level III classes start February 19 (Saturdays - special pricing!)
In partnership with Stalla and the University of St. Thomas, CFA Minnesota is pleased to again provide our members access to these live prep courses. Classes are held on the UST Minneapolis campus and are taught by UST finance faculty and society board members. CFA Minnesota Members receive a $300 discount off the cost of Level I and Level II live classes; special pricing of $999 for the Level III class.
Use the following link to visit the Stalla website describing the program and discount: www.stalla.com/CFAMinnesota
*Discounts are also available for employees of companies including Wells Fargo, UBS, ING, Morgan Stanley, Bank of America, JPMorgan, Raymond James, Edward Jones, as well as others. Please call Stalla Customer Service to inquire about these discounts and register for classes at 877-727-7232.
NOTE: Individuals who took the exam in December may audit the first Stalla classes until they receive their results. Please contact Amy Napolski, Field Marketing Specialist, at anapolski@stalla.com or (651)797-2135 if you have any questions or if you would like to audit classes.
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FREE Stalla CFA Exam Workshops
for Level I, II, & III - Live Courses
In preparation for the upcoming live classes taught in conjunction with CFA Minnesota, University of St. Thomas, and Stalla.
· Expert led, interactive problem-solving session featuring local chartered financial analyst
· Demonstration of Stalla Master programs and products
· Complimentary study guide and lecture notes
· Drawings for Stalla scholarship
· Food, beverages, and networking
Level I: January 6, 2011
Level II & III: January 11, 2011
6:30 - 8:30 PM
University of St. Thomas, Minneapolis Campus
For more information, please call 877-727-7232 or contact
Amy Napolski, Stalla Field Marketing Specialist,
800-275-6530/anapolski@stalla.com
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| Scholarship Deadline: 12/31/10 | | | CFA Exam Scholarships from your local Society!
What does the scholarship cover?
The CFA Program enrollment fee is waived and the registration fee is discounted. Society scholars pay only US$225. The fee is non-refundable and non-transferable. Scholarships cannot be deferred to another exam offering. The exam registration fees include the CFA Program curriculum.
How many scholarships are available?
In conjunction with our candidate program and CFA Institute, the CFA Society of Minnesota offers 10 scholarships to CFA Candidates. Seven scholarships are disbursed for the June Exam.
For more information and to register, click HERE
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| Study Groups Forming! | | |
Level 1 Study Group
If you are planning to sit for any level of the CFA exam in June, 2011, we want to help you find a study group! Contact us today to schedule a meeting of candidates. Alumni will be available to answer questions and help get the group started. Contact Volunteer Travis Hoium for more information.
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Annual Premier Sponsor
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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.
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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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