CFA Connect
The Newsletter of the CFA Society of Minnesota |
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Annual Sponsors
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We appreciate all of our sponsors, including
2010-11 Annual Bronze sponsor:
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| Main Event: |
June 23, 2011
Click HERE for event information. Click HERE for event registration.
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President's Pick
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Institute Webcasts:
"Is the Endowment Model Shifting?" Scott C. Malpass
Lee Partridge, CFA
Jeffrey C. Scott, CFA
Changes to the endowment model and related risk management practices since the financial crisis are the focus of this panel discussion. The panelists address liquidity guidelines, improving the investment decision-making process, global strategy allocation, and whether macro views should play a more significant role in strategy setting.
Click here to Listen(1 hr 1 min podcast)
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Committee Updates
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Business Committee
Next Meeting:
06/08 @ 5:00pm
long-term financial plan.
Education Committe
Next Meeting:
06/09 @ 3:00 pm Global IRC sub-committee is forming for 2012. Contact Chair Jake Seltz to get involved! EmploymentCommittee Next Meeting:
6/07 @ 4:00pm
Contact Kristine Mogollon for more details. MembershipCommittee
Next Meeting:
06/14 @ 3:30 pm
Think softball sounds fun? What about a pubcrawl? Contact Josh Howard to engage with social program planning! Program Committee
Next Meeting: July 2011
Time to plan for the 2011-12 academic year; Suggestions welcome! Send them to Chair Kim Brustuen. Marketing Committee
Next Meeting: weekly
Chair Karen Florez is welcoming new members to help with a number of public awareness and marketing initiatives, including development of a media directory.
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| Welcome New Members |
7 new members
joined CFA Minnesota in May. Welcome!
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| Recommended Reading | |
A Primer for Investment Trustees
 Put your mind at ease on one critical point: extensive investment expertise is not required for you to serve effectively in a trustee role. Nevertheless, for you to exercise good judgment in making decisions, you should possess at least a working understanding of basic investment principles and concepts. We believe that you can acquire this knowledge with a modicum of effort. The purpose of this monograph is to provide trustees, particularly if they are new to their role, with a primer that will help them begin to successfully fulfill their responsibilities.
REMEMBER: every time you shop at Amazon.com, use the portal on our website to support your CFA Society!
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| HELP! |
Update your CFA Account:
Have you Moved?
Gotten a New Job?
New Title?
We often find that members don't always have the correct information on their name badges at events or miss our emails, because they didn't update their account. Please take a minute to update your account information.
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| Financial Funny | |
"When you say 'ethical' do you mean marginally ethical, semi-ethical, or appearing to be ethical?" |
| Networking |
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Join the CFA Minnesota Linkedin Group! |
| Join Our List |
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Greetings!
CFA Minnesota: Most Outstanding Society!
Last month, I wrote to you from Scotland where I was attending the CFA Institute Society Leader Conference with Society leaders from around the world. While there, your society was recognized as the Most Outstanding Society in our size category from among the 137 societies globally. We're very proud of this recognition of the hard work of our board and veritable army of volunteers. Thank you for all the work you do to make our society outstanding!
Summertime at CFA Minnesota means Strategic Planning, and this year your Board of Directors will be developing our next 3-year plan. Keep a look out for information about this process and feel free to contact me to get involved.
Won't you join us at an upcoming event? Take some time to mark these on your calendar. We'd love for you to join us:
Best Regards,
Maren Amdal
Executive Director |
| UPCOMING SOCIETY EVENTS: |
(Register for Society events on our calendar page) | |
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6/23/11 - A Primer for Investment Trustees | |
with Jeff Bailey, Target Corporation
A Primer for Investment Trustees provides an overview of key investment concepts critical to an investment trustee's effective fulfillment of their role.
Although this luncheon's main audience is investment trustees, it can be beneficial to investment professionals and other parties who work directly or indirectly with trustees, such as a fund's staff, investment managers, actuaries, accountants, custodians, and lawyers. All these professionals can benefit from understanding the investment trustee's perspective, circumstances, and responsibilities. Such an understanding will facilitate communications and allow all parties to work together effectively.
Jeffery V. Bailey, CFA, is Director, Financial Benefits & Analysis at Target Corporation, where he supervises the investment programs and administration of the company's defined-benefit and defined-contribution plans, nonqualified retirement plans, and health and welfare plans. Formerly, Jeff was a managing partner of Richards & Tierney, a Chicago-based pension consulting firm specializing in quantitative risk control techniques. Prior to that position, he was Assistant Executive Director of the Minnesota State Board of Investment, which manages the pension assets of Minnesota public employees. Jeff has published numerous articles about pension management. He co-authored the textbooks Investments and Fundamentals of Investments with William F. Sharpe and Gordon J. Alexander and co-authored the Research Foundation of CFA Institute publication Controlling Misfit Risk in Multiple-Manager Investment Programs with David E. Tierney. Jeff received a BA in economics from Oakland University and an MA in economics and MBA in finance from the University of Minnesota.
Radisson Plaza Hotel Minneapolis
35 South 7th Street - Minneapolis, MN 55402
11:30 - Registration & Networking
12:00pm Presentation
Click HERE for event registration.
Click HERE for event information. |
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8/18/11 - Annual Meeting & Twins Outing | |
Tickets for this great annual event will go on sale in July, but meanwhile mark your calendar and plan to join us for a great society update followed by summer baseball at Target Field!
 Save the date!
August 18, 2011
4:00pm Meeting @ CFA MN
5:00pm Drinks @ Lyons
7:10pm Game @ Target Field
Twins vs Yankees!
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Annual Membership Renewal Time | | |
Springtime is our Membership Renewal time, and we would like to take this opportunity to welcome you back! Your membership places you among nearly 1200 other Twin Cities professionals who have chosen to pursue and maintain the CFA designation and uphold ethics in our industry and community.
If you are a member of both CFA Institute and the CFA Society of Minnesota, you will receive renewal information from CFA Institute, or you can simply log onto your MyCFA account and renew. If you are a local Society member only and not yet a member of CFA Institute, you should have received an email about membership renewal recently with easy instructions regarding the renewal process. Anyone who renews their membership in the 4th quarter (April, May, June) of the membership year (July 1st through June 30th) will be renewed through the end of the next membership year (June 30, 2012). Contact Cynthia Reiber, Membership Coordinator for any needed assistance with your renewal process. |
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Board Nomination Committee | | |
Now forming ...
The CFA Society of Minnesota will have a few Board positions open up in September, the beginning of the 2011-2012 fiscal year. Former Board President, Tony Carideo, is now forming a Nominating Committee. This ad-hoc Sub-Committee will have the primary role of identifying and recommending a slate for Board election. Two to three members at large are needed to join two to three members from our current Board of Directors to enact this search. Contact Tony Carideo if you are interested in participating on this Sub-Committee. |
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CFA Minnesota Media Directory | | |
Great New Member Asset in development!
The Media Directory is meant to do what Cliffs Notes did for English Class: help the average guy find someone who can cut to the point and provide a better understanding of finance related topics. This directory will be a phonebook-like listing of qualified members of CFAMN who are willing to answer the phone and able to share their expertise on a range of specific industry topics.
For more information, click here. To be listed in the directory, click here. If you'd like to get involved with the development of this resource, contact Sam Smith or Karen Florez. |
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2012 Annual Economic Dinner Sub-Committee | | |
Now forming ...
It is time to identify and hire the speaker for our 2012 Annual Economic Dinner. If you would like to contribute to our largest annual event, this is the time to hop on board! To be a part of this selection process, please contact Maren Amdal. |
| JOB BOARD SPOTLIGHT: |
To feature an open position at your firm, click here | |
Twenty positions currently posted!
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 Employer: Your Firm Name Here
Location: Twin Cities, MN
Each month, more than 3,750 Twin Cities Investment Professionals recieve this newsletter. Promote your open position here! For more details, click here, or go straight to the main CFAMN Job Board page.
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| WHAT DID I MISS?: |
May Events Summary | |
| 05/12/11 - The Risks that Hide in Plain Sight | |
John Gavin, CEO of Disclosure Insight, gave a very interesting presentation pertaining to SEC investigations and how companies can try to downplay potentially serious investigations through vague language in press releases. John provided a list of questions investors should ask company management when SEC investigations are disclosed and used examples to highlight the potential risks that can be overlooked if an investor isn't careful. One of our most successful events to-date, John's presentation received high praise from attendees and we look forward to welcoming him back for a repeat performance! |
| INDUSTRY EVENTS: |
Other industry related associations may submit relevant listings directly to info@cfamn.org | |
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Industry Collaborators' Jun/Jul 2011 Events | |
We appreciate our Industry Collaborators, and we hope you will take a moment to look at the many events they are hosting in June/July.
Click on the logos below and you will be taken to their Event Calendars:
  
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| Candidate Congratulations | | |
Congratulations
to all who took the CFA Exam on June 4th!
We know this is an arduous undertaking, and we wish you the very best!
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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. |
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Thank You to our Annual Sponsors: | | |
 
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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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