CFA Society Chicago NewsBrief
Jul. 2, 2013

Billionaire's Michigan bank entering Chicago market
Crain's Chicago Business
An acquisitive Michigan-based bank owned by a group led by billionaire Wilbur Ross is elbowing into the Chicago market with dealmaking on its mind. Troy, Mich.-based Talmer Bank & Trust has opened its first full-service branch in Chicago. The $4.5 billion-asset bank is led in Illinois by Hugh McLean, a longtime executive at PrivateBancorp Inc. when it was run by co-founder Ralph Mandell.More

Improve investment decisions, immerse yourself in analysis
CFA Chicago
Refresh your investment vision. With a powerful assembly of speakers and experts covering a comprehensive range of investment analysis and portfolio management topics, there is no better chance to enhance your practical skills and maintain a focused realism about current market risk than the 2013 Financial Analysts Seminar. More

Ned Davis — 'increased to must see'
CFA Chicago
Ned Davis will be the next guest for our Distinguished Speaker Series. Davis, a Senior Investment Strategist, founded Ned Davis Research Group, in 1980, and has been professionally involved in the stock market for more than 40 years. While arguing that forecasting reliably ("Being Right") is impossibly difficult, he espouses a philosophy that he feels can consistently win ("Make Money") through a disciplined strategy of following the weight of objective indicator evidence.More

Master the fundamentals: Live Claritas Prep Program
CFA Chicago
CFA Society Chicago has worked with CFA Institute to develop a "live" prep program for the Claritas Investment Certificate. Our "live" classroom experience is taught by local industry professionals and Ph.D.s. The course will deliver the fundamentals of investing and it will help you prepare for the exam.More

Financial training: The drive to spread expertise
Financial Times
Ever since the crisis of 2008, and the realization that many of those implicated in the meltdown were ignorant of the risks they were taking, financial training has been high on the agenda for banking professionals. More

Chicago Municipal Employees starts asset-liability study
Pensions & Investments
Chicago Municipal Employees' Annuity & Benefit Fund is conducting an asset-liability study, according to recently released board meeting minutes. Marquette Associates, which was rehired as the $5.2 billion pension fund's investment consultant in April, will assist the staff on the study. More

IIT Stuart MS Finance ranked among top global programs
IIT Stuart School of Business
IIT Stuart School of Business has ranked among the world's best programs in the 2013 global ranking of pre-experience master's programs in finance, published by Financial Times. IIT Stuart's Master of Science in Finance degree program is ranked 26th globally, third in the United States, and the only ranked program in the Midwest.More

Chicago PMI falls more than expected
The U.S.'s Chicago PMI fell more than expected, data showed. In a report, research group Kingsbury International said that the Chicago PMI fell to a seasonally adjusted 51.6, from 58.7 in the preceding month.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.More

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.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...More

This broker-dealer ETF is having a breakout year
If Wall Street had a central nervous system, it would be made up of the stocks in the iShares Dow Jones US Broker-Dealers Index Fund. The exchange-traded fund is having a breakout year, besting the S&P 500 and leading the financial sector with a 30 percent year-to-date return and a 47 percent return in the past 12 months.More

3 Fed officials seek to calm financial markets
The Associated Press via Chicago Sun-Times
The Federal Reserve continues to buy $85 billion a month in bonds, assuring their claim that they won't pull back on purchases until the economy strengthens. But if the economy doesn't respond, some expect the bond purchases will continue.More