CFA Society Chicago NewsBrief
May. 7, 2013

Generation next: Crain's 20 In Their 20s
Crain's Chicago Business
Whether you think of them as Generation Y or millennials, people currently under the age of 30 are the subject of seemingly endless study and generalization. Having come of age in the era of social media and text messaging, they're frequently derided as "Generation Me" — narcissistic, shallow and entitled.More

Global Finance: Too Big To Regulate?
CFA Chicago
From Dodd-Frank to Basel III and beyond, financial regulators are struggling to keep pace with the rapid evolution and increasing complexity of global finance. To combat the systemic risks that revealed themselves during the financial crisis, regulators have implemented new rules covering everything from bank capital requirements to derivative and commodity markets.More

Distinguished Speakers Series: Charles Evans
CFA Chicago
Listen as Charles L. Evans, the ninth president and chief executive officer of the Federal Reserve Bank of Chicago as he gives his perspectives on the current state of the economy. For those interested at this inside looks, be sure to register here.More

The Hunt for Yield
CFA Chicago
Income seeking investors face a challenging investment environment as central banks around the world have driven interest rates down to record low levels. Some investors are reaching for less conventional asset classes or pursuing other strategies to enhance the yield on their portfolios.More

Mesirow recasts investment advisory business
Crain's Chicago Business
Mesirow Financial Holdings Inc. is revamping its investment advisory business, replacing the executive who led the group and setting up a council to change how more than half its advisers work with clients.More

BOJ asset purchases: Is Japan sowing seeds of next asset bubble?
CFA Institue's Enterprising Investor
Japan's Nikkei index is on fire. In just the past six months, the benchmark is up 55 percent as of this writing. Why? Pretty simple: New Bank of Japan Governor Haruhiko Kuroda has announced that the Bank of Japan will begin purchasing approximately $70.4 billion worth of bonds annually in a major new quantitative easing program.More

How 1871 has changed Chicago's startup world
There was a time when it seemed like Groupon and daily deals were the future of Chicago's startup world. That has changed radically, certainly within the last year.More

Fed doves stand by stimulus, though Evans has bright outlook
A handful of Federal Reserve policy doves showed no sign they were prepared to dial down the U.S. central bank's extraordinary accommodation any time soon, even though one gave a highly optimistic outlook that the economy will turn the corner next year.More

The competing incentives and pressures that influence sell-side analysts
CFA Institute's Enterprising Investor
A recent study designed to decipher the "black box" of sell-side analyst decision making sheds new light on the driving forces behind two important outputs of their work: earnings estimates and stock recommendations.More

McDonald's 1st-quarter profit nearly flat
Chicago Business Journal
McDonald's Corp.'s profit barely inched up during its first quarter as sales continued to disappoint. Oak Brook-based McDonald's earned $1.27 billion, or $1.26 per share, nearly unchanged from $1.267 billion, or $1.23 per share, a year ago.More

Wal-Mart tops Fortune 500 ranking
Chicago Tribune
Wal-Mart Stores Inc., which had $469.2 billion in revenue last year, has reclaimed the top ranking in the Fortune 500 ranking of the largest U.S. companies by revenue. Exxon Mobil slipped to No. 2. Chevron, Phillips 66 and Berkshire Hathaway rounded out the top five. Facebook joined the list for the first time, landing at No. 482. Thirty-two Illinois companies made the list.More

Investors may lobby JPMorgan to clip Dimon's wings if vote fails
Reuters via Chicago Tribune
JPMorgan Chase & Co's Jamie Dimon may be losing ground in his fight to keep the title of chairman, as some major investors push for more oversight of the chief executive after the "London whale" trading losses.More

Investment themes from the ETF space
Seeking Alpha
Flows into the exchange products continue to accelerate. In the first four months of this year, Blackrock estimates some $80 billion have flowed into ETF products globally compared with $66 billion for the same year ago period. The U.S.-listed ETFs took in more than 80 percent of the inflows.More