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Directors:
President -
Greg Filbeck, CFA,FRM,CAIA,CIPM,PRM
Vice President-
George Emanuele, CFA
Treasurer -
Joe Lantz, CFA,CAIA
Research Challenge-
Josh Armstrong, CFA
Secretary-
Jim Herrington,CFA, CAIA
Programs & Media Relations-
Lisa Brignoni, CFA
Membership Outreach -
Cale Grove, CFA
Financial Literacy/University Outreach -
Gene Natali, CFA
Executive Administrator -
Caryn Loehr
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Welcome
to the 31st issue of the
CFA Society of Pittsburgh's Newsletter
.
Another great month of programming for our Society! Considerable activity in our Society as we approach the holidays! For those of you who are/know CFA candidates, we will hold our annual CFA candidate luncheon on Wednesday, November 29
th
. At that luncheon, we will overview each level of the CFA exam, discuss study strategies, and form study groups. Discussed in this newsletter is information on an upcoming joint holiday party on December 5
th
and our next luncheon on December 6
th
.
In the newsletter, Lisa Brignoni has highlighted upcoming events. Mark your calendar for the Annual Forecasting Dinner - one of our largest events each year - has been set for January 8
th
.
The primary goals of the newsletter are to keep members and supporters of the Pittsburgh Society informed about the society's activities and foster greater community involvement by all members.
- Dr. Greg Filbeck, CFA, FRM, CAIA, CIPM, PRM
President, CFA Society Pittsburgh
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Putting Investors First
The CFA Society Pittsburgh site has added a link for Putting Investors First. This is an opportunity for all investment professionals to assert that they have an understanding of the 10 Investor Statement of Rights and pledge to adhere to these statements. Please join us in making investors aware of their rights and letting them know you hold yourself to the highest of standards.
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Candidate Luncheon
Please join Dr. Greg Filbeck, CFA, FRM, CAIA, and President of the CFA Society of Pittsburgh with 17 years of experience training CFA candidates worldwide for an overview of the CFA program along with study strategies to enhance opportunities for success on exam day. This event is free to those who register online and includes lunch. The space is limited so if you need to cancel after you register, please contact us so that we can allow someone else to fill your spot.
When: November 29, 2017 at 12:00 PM ET
Where: Duquesne Club, Downtown Pittsburgh
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December Luncheon - Demographics, Growth and Investing: When the Structural Collides with the Cyclical
Presented by: Frank Rybinksi, CFA, Director of Macro Strategy - Aegon USA Investment Management
GDP growth remains below trend and with the reform agenda stalled in Washington, DC, it may seem as though the economy is relegated to a low-growth trajectory. But as it turns out, the economy is agnostic to politics in the long run. Prosperity is ultimately determined by deep-seated, secular phenomena; namely, demographics and productivity. Because demographics change slowly over time, the potential effects on growth may be reliably forecast. Can understanding demographic changes reveal the likelihood of returning to 3% trend growth? Join us as Aegon Asset Management's Head of US Investment Strategy, Frank Rybinski, answers this question and others, and discusses what happens when structural changes collide with cyclical swings.
When: December 6, 2017 at 12:00 PM ET
Where: Fairmont Hotel, Downtown Pittsburgh
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Upcoming Events - Save the Date!
January 8, 2018:
Market Forecast Dinner
February 14, 2018:
Stockpicker's Luncheon
March 6, 2018:
Evening with Paul Smith, CEO of CFA Institute - More details to come
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Highlights from Recent Events
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CFA Society Pittsburgh Hosts Mock Exam for Candidates
On Saturday November 11, 2017, the CFA Society Pittsburgh facilitated the Mock Exam for CFA Candidates who are enrolled in the Schweser / Kaplan program of study. The ten test takers, and their proctor, James W. Herrington, CFA, CAIA - your CFASP Board Secretary, met at Robert Morris University. The test takers were subjected to conditions as close as practical to the actual exam, such as driving to an unfamiliar location, having their valid passports and exam tickets checked, starting precisely at 9 AM and 1 PM, and being in a room with their peers also taking the exam. A few candidates commented that they really appreciated the opportunity to sit under actual conditions, and how different it was than studying at home or work. Mr. Herrington, a survivor of at least three mock and actual exams, shared his own stories of actual exam day experiences.
Since the December CFA exam is only offered for Level One, only those candidates were involved during this mock exam. In the Spring of 2018, all three levels will be offered.
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November Luncheon: Fixed Income Perspectives - Preferred Securities
Doug Baker, Head of Preferred Securities at Nuveen Investments presented at our November luncheon. He discussed the basics of preferred securities, YTD performance and current outlook.
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Financial Literacy Committee Update
On Friday October 20, 2017, financial literacy committee member, Shane Nikolich spoke to an audience of Pitt students about the importance of making smart money choices
The Society's Financial Literacy Committee is comprised of the following sub-committees:
- Collegiate Financial Plan Competition
- High School Speaking Efforts
- Collegiate Financial Planning Seminars
- Student Members
Our goal is to better prepare the young people in our neighborhoods and communities to make smart money choices. We would like to pass along a sincere thank you to our committee members who dedicate both their time and expertise to this very important effort.
In this newsletter, we'd like to recognize the volunteers from the Collegiate Financial Plan Competition sub-committee:
Al Trezza (Co-Chair), Susan Middleton (Co-Chair), Darren Wilson (Co-Chair), Mark Luttringer, Barb Happel, John O'Toole, Alex Meles, Philip Bartels, Kendall Hill, Eric Fencil, Zach Klensch, Drew Haley, Eric Harlovic, Shane Nikolich, Jing Xie, Brian Taylor, Gene Natali, Reed Natali, Dave Immonen, Eric Velasco
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| Annual Partner Sponsors
CFA Society Pittsburgh would like to thank its partnership sponsors for their support of the Society.
GOLD 
Silver  |
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Stock Pickers Contest
Update -
2/08/17 - 10/31/17
| Contestant |
Avg. |
STK 1 |
STK 2 |
STK 3 |
| S&P 500 |
12.23% |
|
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|
Malcolm
Polley
|
37.60% |
MYGN
107.51
% |
FII
20.71% |
TGI
11.69% |
Kim
Caughey |
14.44% |
VZ
-1.03% |
URBN
-8.03% |
VFC
41.88% |
Mike
Halloran |
8.39% |
SLB
-21.10% |
JPM
17.04% |
JNJ
22.94% |
Shawna
Aufman |
-2.21% |
FFIV
-12.68% |
PYPL
77.50% |
SYNA
-34.20% |
Mark
Rodgers |
24.30% |
WSM
10.73% |
ALCO
24.86% |
PKI
35.91% |
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