CFA Society Chicago NewsBrief
Jan. 13, 2015

Banks plunge into tech lending
Crain's Chicago Business
Old school is meeting the cool kids. Two of Chicago's top commercial banks, Wintrust Financial and PrivateBank & Trust, are plunging into the unfamiliar world of lending to technology upstarts. It's another sign that Chicago's tech scene really has arrived. Bankers, a conservative lot by nature, shy away from risk.More

Career management: Industry roundtables for investment professionals
CFA Chicago
Engage in face-to-face interaction with top investment professionals in a small group setting. Learn how different sectors operate in a casual yet structured setting during three 30 minute rounds at pre-selected tables.More

Distinguished Speakers Series: James Bullard to address the US economy and monetary policy
CFA Chicago
James Bullard, President & CEO, Federal Reserve Bank of St. Louis, will address the U.S. economy and monetary policy.More

January Investment Exchange Forum: Bring actionable ideas
CFA Chicago
The Investment Exchange Forum is a stock-picking meeting of 10-15 CFA Chicago members. Each meeting features actionable ideas by presenting volunteers and a lively discussion of the topic at hand.More

Once more undo the breach: Cyberattacks aren't going away
CFA Institute's Enterprising Investor
After the online breach of JPMorgan Chase, cybersecurity awareness is growing in the financial world. But what exactly is cybersecurity (and cybervulnerability)? What can or cannot be done to make sensitive information more secure? A leading computer security and privacy expert, Bruce Schneier is one of the world’s most recognizable voices on cybersecurity, author of the popular security blog Schneier on Security, board member of the Electronic Frontier Foundation, and CTO of Co3 Systems.More

World week ahead: Gauging oil's impact on inflation and spending
The Wall Street Journal
Will there be further clues on U.S. rate hikes this week amid deflationary pressures around the world? In speeches they’re due to make, Atlanta, Philadelphia and St. Louis Fed presidents could offer some insights about whether the consensus view of a hike in the spring or early summer is wide of the mark. In the U.K., where sterling is selling off, fresh inflation data comes out Tuesday. More

Return of the stockpickers
When John Templeton said, “The time of maximum pessimism is the best time to buy,” he probably wasn’t thinking that his tenet might one day refer to his own industry. Yet, for active mutual fund managers, 2014 was a point of maximum pessimism. While the Standard & Poor’s 500 returned 13.7 percent for the year, stockpickers struggled to keep up.More

Signs of aging may soon affect financial advisers — and brokerages
Chicago Tribune
Like the rest of the population, financial advisers are showing signs of aging. As an adviser ages, he or she is more likely to have senior moments, including forgetting to put in a sell order, misunderstanding the number of shares asked to be bought or sold, or getting confused about clients' investment goals, says Chicago securities lawyer Andrew Stoltmann.More

The great pension debate
Illinois still has one of the worst funded pension systems in the nation. But reform efforts seem to be at a standstill until the Illinois Supreme Court rules on the constitutionality of a pension bill passed last year. The court is scheduled to hear arguments in March. In the meantime, what can Illinois lawmakers do? Are there steps that can be taken to lessen the $100 billion liability? More

Falling oil prices worry institutional investors
Pension fund executives, money managers and consultants are keeping a close eye on the potential downward pressure on financial markets and institutional portfolios due to recent sharp falls in the oil price. Money management executives cited a case of oversupply and a reluctance by the Organization of the Petroleum Exporting Countries to cut production as the price continues to plummet.More

A surprising market holds triple-digit profits
The U.S. stock market was the darling of the world in 2014. The trifecta of a strengthening economy, a stronger greenback and decreasing commodity prices helped drive U.S. corporate profits. Foreign and domestic money flowed into U.S. stocks, pushing the S&P 500 and Dow Jones Industrial Average to record highs. More