CFA Society Chicago NewsBrief
Jun. 18, 2013

What are CME Group, CBOE selling at Blackhawks games?
Chicago Grid
At the United Center, brand-building on the sideboards extends beyond fast food, insurance and light beer to another arena that's long been part of the city's identity: trading. The city's two major exchange companies, CME Group and the Chicago Board Options Exchange, advertise rink side along the likes of McDonald's and Dunkin' Donuts. More

Invest real assets — André Perold has the keys
CFA Chicago
During the latest installment of the the Distinguished Speaker Series, André Perold, retired George Gund Professor of Finance and Banking at the Harvard Business School, will discuss investing in real assets such as timberland, farmland, water, shipping, oil and gas, and metals. The focus will be on the opportunity set for real asset investing in the context of today's macro environment.More

Apply real world methods to corporate valuation
CFA Chicago
How can you tell if a company is undervalued or overvalued? Is the current stock price the only measure of value? Why would one company command a higher or lower premium than its direct competitor? This course takes a practical, tangible, and non-theoretical approach to examining how corporations are valued and the major analytical tools that are used. More

Vote on directors, officers at the Annual Business Meeting
CFA Chicago (Members Only)
All members are invited to attend the Annual Business Meeting for CFA Society Chicago, where society leaders will present the nominated slate of Directors and Officers and provide a strategic overview of the organization. Regular members will vote on the nominated slate of Directors and Officers. The short business meeting will be followed by a complimentary cocktail reception where members can recognize outgoing leaders and welcome the newly elected leaders.More

Time for Fed to take this bull by the horns
The Wall Street Journal
The United States Federal Reserve needs to be decisive now. The general view is that sharp rise in global market volatility will encourage the U.S. central bank to step back from talk of an early withdrawal of quantitative easing. But what that volatility should do is make the bank step forward.More

Ned Davis in the news: Investing — who wins, loses with higher rates
USA Today
Investors who forgot what to do when interest rates rise might be due for a refresher course. Sharp swings in interest rates can be one of those major market shocks that crown new winners and punish companies on the wrong side of the shift. And after 30 years of falling interest rates that included an extended stretch at record lows, a change is underway.More

Behavioral portfolio management: Emotions and volatility are key to successful implementation
CFA Institute's Enterprising Investor
Our intial discussion with C. Thomas Howard about his "Behavioral Portfolio Management" has done so well we thought you would like to read more of the discussion about how to deploy behavioral finance practically. Particularly germane to implementing behavioral portfolio management is understanding Howard's views on emotions and volatility, and how he handles them when managing money.More

Orchard Supply files for bankruptcy, Lowe's steps in
Orchard Supply Hardware Stores Corp, spun off by Sears Holdings Corp less than two years ago, has filed for Chapter 11 bankruptcy protection partly blaming hefty dividends paid out to its former parent. Rival retailer Lowe's Companies said it would buy at least 60 of Orchard's 91 neighborhood hardware and garden stores in California for about $205 million and also assume payables owed to nearly all of Orchard's suppliers. More

I2A Fund goes private, becomes Chicago Ventures
Chicago Tribune
Armed with $40 million in fresh capital and a new name, one of Chicago's rising venture funds is adding to the local pool of money for homegrown technology startups. The I2A Fund, which was created in 2007 with contributions from the state of Illinois, announced that it has closed its second fund with $40 million and renamed itself Chicago Ventures. More

CFA Institute: Financial Analysts Seminar, Improving Investment Decisions
CFA Chicago
With a powerful assembly of speakers and experts covering a comprehensive range of investment analysis and portfolio management topics...More

Distinguished Speaker Series: André Perold
CFA Chicago
André Perold is the retired George Gund Professor of Finance and Banking at the Harvard Business School.More

Vote on directors, officers at the Annual Business Meeting
CFA Chicago
All members are invited to attend the Annual Business Meeting for CFA Society Chicago, where society leaders will present the nominated slate of Directors and Officers...More

Gary Black in the news: Calamos to launch dividend fund, mid-growth fund
Yahoo! Finance
Calamos Investments has filed paperwork to launch two funds: Calamos Dividend Growth and Calamos Mid Cap Growth. The Dividend Growth fund will be managed by a team of five comanagers, including John Calamos Sr., Gary Black, Jeff Miller, Ariel Fromer, and Tammy Miller. The fund's A shares are expected to carry a front load of 4.75 percent and a 1.35 percent annual expense ratio. More

CGI Chicago: CFPB's Cordray touts financial knowledge, know how
Richard Cordray, chief of the US Consumer Financial Protection Bureau was in Chicago to speak at the two-day 2013 Clinton Global Initiative that has drawn top leaders in business, nonprofits and government to discuss ideas and action steps to boost the US economy. While Cordray's appearance was unannounced, his message on financial literacy was widely welcomed.More

Regulators bless Metro Bank Group deal
Crain's Chicago Business
State banking regulators approved prominent local banker Roberto Herencia's $200 million-plus deal to acquire the Fasseas family's Metropolitan Bank Group Inc., Chicago's second-largest privately held bank.More

$25 million Hyde Park VC fund looking for Midwest tech startups
Chicago Tribune
Hyde Park Venture Partners has more than $20 million that it's looking to put into early-stage technology companies in the Midwest. The Chicago-based investment firm said it has closed its first fund with $25 million in commitments. Hyde Park Venture Partners has put $2.7 million into eight companies, with five of those startups in Chicago, said Guy Turner, one of the firm's principals.More