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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 30th issue of the
CFA Society of Pittsburgh's Newsletter
.
Another great month of programming for our Society! The Research Challenge kick-off on September 21st was a success with a representative of Wesco providing a company overview and answering questions as a part of the due diligence session. Eight universities plan to compete in our regional Research Challenge on February 13th. The winner advances to the Americas Regional competition in Boston.
Thanks to everyone who attended our annual meeting and charter recognition event at PNC Park on September 28th which proved to be a great location for our 60th anniversary celebration including a tour of the facilities.
In the newsletter, Lisa Brignoni has highlighted upcoming events. Please note that the Annual Forecasting Dinner - one of our largest events each year - has been set for January 8th. Also for those of you who are/know CFA candidates, we will hold our annual CFA candidate luncheon on Wednesday, November 29th. At that luncheon, we will overview each level of the CFA exam, discuss study strategies, and form study groups.
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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Attention Students!
The CFA Society Pittsburgh is excited to offer membership to students from local universities. As part of our program, student members receive:
- Access to networking events with Pittsburgh investment professionals
- Educational events led by our members
- Special discounts to CFASP events
- First two luncheons are free! $10 fee for additional luncheons
Sign up here. We look forward to welcoming you as part of the CFA Society Pittsburgh.
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November Luncheon: Fixed Income Perspectives - Preferred Securities
Presented by: Douglas M. Baker, CFA, Managing Director, Portfolio Manager, Head of Preferred Sector Team
Discussion Highlights
- Preferred securities have performed well YTD, partially due to a bounce back after a tough fourth quarter of 2016, but also because of positive underlying fundamentals
- Not all preferred securities react the same to rate movements; fixed rate coupon structures are more rate sensitive than variable rate coupon structures
- We expect that light net new issuance out of U.S. banks should be supportive of valuations
When: November 8, 2017 at 12:00 PM ET
Where: The Rivers Club, Downtown Pittsburgh
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Upcoming Events - Save the Date!
December 6, 2017:
Frank Rybinsky - Demographics Destiny
November 29, 2017:
CFA Candidate Luncheon
January 8, 2018:
Market Forecast Dinner
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Highlights from Recent Events
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The CFA Society of Pittsburgh was excited to welcome an 80+ crowd to hear representatives from BNY Mellon, The Hillman Company and UBS discuss cryptocurrencies and decentralized ledger technology (aka blockchain) and how they will impact the financial services industry.
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CFA Pittsburgh celebrates 60 years! - Annual Meeting and Charterholder Recognition
The CFA Society of Pittsburgh held its annual meeting on September 28, 2017 at PNC Park and welcomed 27 new charterholders. Congratulations to all for the hard work and dedication to excellence in our industry! We celebrated 60 years as an organization and look forward to another 60 serving our members and local community.
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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 - 9/30/17
| Contestant |
Avg. |
STK 1 |
STK 2 |
STK 3 |
| S&P 500 |
7.71% |
|
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Malcolm
Polley
|
37.40% |
MYGN
122.82
% |
FII
15.38% |
TGI
7.01% |
Kim
Caughey |
10.15% |
VZ
1.82% |
URBN
-10.35% |
VFC
29.50% |
Mike
Halloran |
0.25% |
SLB
-14.85% |
JPM
11.11% |
JNJ
14.65% |
Shawna
Aufman |
-5.52% |
FFIV
-13.19% |
PYPL
56.63% |
SYNA
-31.66% |
Mark
Rodgers |
21.26% |
WSM
7.00% |
ALCO
29.60% |
PKI
29.62% |
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