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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 32nd issue of the
CFA Society of Pittsburgh's Newsletter
.
Hope everyone is off to a great 2018! A big thank you to everyone who participated in the Market Outlook conference this past week! What an incredible event - a big thanks to Chris Wiles for serving as moderator and putting together a fantastic panel!
Following the CFA candidate session I conducted November 29
th
, we solicited interest in study groups at each level of the CFA exam. The level 1 group is up and running. If you have an interest/know of something who has an interest in participating in a study group for one of the three levels of the exam, please contact me directly at
mgf11@psu.edu
.
Congratulations to our society for receiving a fourth year award for our financial literacy efforts from CFA Institute Project Funding! The award is for $15,000 and will assist our society as we continue to make a difference in well over 80 high schools in Pennsylvania, West Virginia, and beyond as well on the collegiate level through our financial plan competition! A big thank you to Gene Natali and Joe Lantz for helping me with the grant application!
The Research Challenge competition is just around the corner! On February 13
th
, University teams will compete in our annual regional Research Challenge with their valuation of Westco. Thanks to Josh Armstrong and team for all the great work getting us ready for this event!
Lisa Brignoni has highlighted recent events - and some exciting future luncheons forthcoming! 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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January Luncheon - Gender Diversity in Investment Management
Presented by: Meredith Jones
Meredith A. Jones is an internationally recognized researcher, writer, blogger speaker and expert in the alternative investment industry. She is the author of Women of The Street: Why Female Money Managers Generate Higher Returns (And How You Can Too), which won an Axiom Award gold medal in 2016. She was also named as an Inc. magazine's "17 Inspiring Women To Watch in 2017" and serves on the Board of Directors for Rock the Street, Wall Street, a non-profit that provides financial and investment literacy programs to high school girls.
We're excited to have Meredith present key facts about how gender diversity impacts bottom lines and practical solutions for attracting and retaining female employees.
Over the past 19 years, Meredith has presented her original research and insights to industry participants around the world. She is a frequent speaker on the international conference circuit and has had her findings published in books and major media outlets, including the Economist, the New York Times, CNBC, the Wall Street Journal, the Financial Times, the Journal of Investing, and others.
As founder of MJ Alternative Investment Research, Meredith continues to provide timely research, education and actionable insights to the alternative investment community, with a particular emphasis on gender and investing, emerging managers, diversity, and ESG/impact investing.
When: January 16, 2018 at 12:00 PM ET
Where: Omni William Penn, Downtown Pittsburgh
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Upcoming Events - Save the Date!
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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2018 Market Forecast Dinner
Many thanks to Chris Wiles, the society's former program chair, for moderating a great panel at this year's forecast dinner held on January 8th at the Rivers Club. He was joined by panel speakers Linda Duessel, CFA of Federated Investors, Mark Luschini of Janney Capital Management, Bob McGee, CFA of CS McKee, and Charlie Smith of Fort Pitt Capital.
Chris and the panel shared their views on whether 2850 for the S&P 500 was a bullish estimate, would we hit 4% GDP growth in any quarter, effects of recent tax reform, and many other topics.
Thank you to all attendees who made this a lively event with their questions and feedback!
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Financial Literacy Committee Update
The CFA Society of Pittsburgh recently received a $15,000 grant for our financial literacy efforts. Many thanks to Gene Natali for leading these efforts for the society to the many volunteers who dedicate their time to this cause helping local high school and collegiate students.
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 High School Speaking Efforts sub-committee:
Reed Natali (Co-Chair),
Dave Immonen (Co-Chair),
Ryan Lennie,
Haoyu Zhou,
Josh Armstrong, Dina Muth,
Manohar Sukhwanhi, Erik Olson, Kendall Hill, Drew Haley, Eric Harlovic, Shane Nickolich, Shawna Aufman, Jing Xie, Gene Natali, Brian Seelinger, 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 
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Stock Pickers Contest
The results are in! Congratulations to Malcolm Polley for winning this year's stock picker's contest. We look forward to starting up this year's contest on 2/14/2018
Update -
2/08/17 - 12/31/17
| Contestant |
Avg. |
STK 1 |
STK 2 |
STK 3 |
Malcolm
Polley
|
39.34% |
MYGN
107.90
% |
FII
40.17% |
TGI
-2.16% |
Kim
Caughey |
30.51% |
VZ
9.43% |
URBN
31.51% |
VFC
50.74% |
Mike
Halloran |
11.97% |
SLB
-16.93% |
JPM
24.41% |
JNJ
23.21% |
Shawna
Aufman |
-2.21% |
FFIV
-5.52% |
PYPL
80.09% |
SYNA
-29.20% |
Mark
Rodgers |
22.32% |
WSM
10.94% |
ALCO
11.95% |
PKI
37.42% |
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