CFA Society Chicago NewsBrief
Aug. 6, 2013

Changes quiet pits after 165 years of shouting
Reuters via Chicago Tribune
Activity in Chicago's 165-year-old open-outcry grain markets has been declining for decades because of computerized trading, which can be executed much faster. But after the Chicago Board of Trade changed the way it reports end-of-day prices in June last year, the share of trading attributed to shout-and-gesture trading fell by about half.More

Shoot for new networks — CFA Chicago 9th Annual Golf Outing
CFA Chicago
Please join CFA Chicago for the 9th Annual Golf Outing at historic Beverly Country Club, a mainstay in the Chicagoland golf community. This exclusive, members-only event is one of our most popular networking events of the year. More

Be informed — Gary Black talks Fed policy changes to anticipate, outlook
CFA Chicago
Gary Black, global co-chief investment officer and chief investment officer of Alternative Investments, heads up the next CFA Chicago Distinguished Speaker Series. Black will discuss our macro economic outlook and market commentary in anticipation of the changes in Fed policy.More

Drinks and discussions — CFA Chicago Society summer happy hour
CFA Chicago
Join your fellow colleagues for a networking happy hour at Pazzo's @ 311, hosted by the CFA Women Advisory Group. Note: All members of the Society are welcome to attend. Please consider this an opportunity to showcase the diversity of the CFA Chicago Society to a female client or coworker, and support the charitable women's organization, Sarah's Circle, by bringing or donating one or more items on the Wish List.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

Nate Silver: Big data's biggest figure
Financial Times
Nate Silver was down on Anthony Weiner's chances long before the selfie-snapping former congressman's campaign to become New York's mayor had to contend with the publication of a second wave of X-rated messages and priapic self-portraits. More

Alexander Paris Sr., founder of Chicago's Barrington Research, dies
Crain's Chicago Business
Alexander Paris, founder and longtime CEO of Barrington Research Associates Inc. in Chicago, died at home in Barrington Hills on July 22, the company announced. He was 79. An economist and stock analyst who spent more than five decades working on LaSalle Street, Paris had been active at the company until his mid-70s. More

MarksJarvis: Chicago gives investors another reason to rethink municipal bonds
Chicago Tribune
Chicago is receiving the type of notoriety no city would want. And its reputation is undermining investments individuals have made in the city's municipal bonds. Chicago has become a national poster child for financial distress in the aftermath of the Detroit bankruptcy, as bond analysts have been warning investors about cities and states that could be financially risky in the future. More

Millennials: Generation why?
By Julie Bernhard
If millennials haven't hit your office yet, they are on their way. Easily identified by their smartphone obsessions, tech savvy and attention deficit disorders, millennials ...More

Be informed — Gary Black talks Fed policy changes to anticipate, outlook
CFA Chicago
Gary Black, global co-chief investment officer and chief investment officer of Alternative Investments, heads up the next CFA Chicago Distinguished Speaker Series.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.More

Ex-Goldman trader found liable in SEC case
Associated Press via Crain's Chicago Business
Fabrice Tourre, referred to as the face of "Wall Street greed" by Security and Exchange Commission lawyers, was found liable in a fraud case involving the 2007 mortgage crisis. Tourre, a University of Chicago grad student and former trader with Goldman Sachs, was found liable in six of seven SEC fraud claims.More

Digging out of city's financial hole has to start with pension reform
Chicago Sun Times
Chicago is not Detroit, obviously. Chicago's economy has little in common with one-industry Detroit. As City Hall's finance folks tell us, Chicago isn't even halfway down the road to becoming Detroit. But Chicago nonetheless is headed toward a disastrous financial cliff that profoundly threatens the city's stature and quality of life.More

10 tips for reducing the risk of employment-related litigation
By D. Albert Brannen
This article offers tips for minimizing or avoiding employment-related liability. These tips apply even to employers who may not have enough employees to be covered by the major federal employment laws such as Title VII, the Americans with Disabilities Act or the Family and Medical Leave Act.More

Investing vs. speculation: Highlights from the Future of Finance Forum
CFA Institute's Enterprising Investor
Under the auspices of the Future of Finance project at CFA Institute — a long-term global effort to shape a trustworthy, forward-thinking financial industry that better serves society — CFA Institute held its first online discussion July 15–19 to debate "What is the difference between investing and speculating — and why does it matter?" More