This message was sent to ##Email##
|
|
|
|
|
| |
Reuters
Illinois' first budget after two years is filled with partial outlines to address its debt-ridden pension system and unpaid bill backlog — signs that political fighting and the fiscal mess in the nation's fifth-largest state are far from over.
At least 15 House and Senate Republicans broke with first-term Republican Governor Bruce Rauner on Thursday and joined with Democrats to override Rauner's vetoes of the state's first budget package in more than two years.
READ MORE
CFA Society 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. The IEF is both an opportunity to learn how others present investment ideas concisely and a chance to practice stock pitches. In order to keep the quality of the stock picks as high as possible, we encourage attendance by members who are actively involved in investment management.
READ MORE
 |
|
Robust Investment Accounting + Flexible and
Powerful Reporting + ++
Do you have some unique requirements
you can’t find elsewhere? Read more
To contact us: Sales@VestServe.com
|
|
CFA Society Chicago
Brian Singer, CFA, is the head of the Dynamic Allocation Strategies team, on which he also serves as a portfolio manager. In this role, Singer shares with Thomas Clarke ultimate responsibility for strategy setting and portfolio construction across all DAS portfolios. Before joining William Blair in 2011, Singer was the head of investment strategies at Singer Partners, LLC. Before that, he was the head of Global Investment Solutions and the Americas chief investment officer for UBS Global Asset Management, where he was a member of the UBS Group managing board and global asset management executive committee.
READ MORE
CFA Society Chicago
Join us for the renowned 62nd Annual Financial Analysts Seminar (FAS) on 24-27 July 2017 at the University of Chicago's Gleacher Center. Internationally-recognized as one of the most comprehensive continuing professional development programs for global investors, the FAS offers engaging lectures, small classroom discussions, and interactive case studies on a wide range of timely investment topics.
CFA Society Chicago members can save $350.
READ MORE
CFA Institute Enterprising Investor
China’s financial system is supposed to collapse under the weight of nonperforming loans (NPLs) in 2017.
This implosion will be driven by the country’s excess industrial capacity and runaway lending, spurred by the proliferation of shadow-financing-related wealth management products.
China’s economic growth, in turn, will plunge, leading to monetary easing, capital outflows, and a further decline in China’s currency, the renminbi (RMB), against the US dollar.
READ MORE
Chicago Tribune
A new Illinois income tax increase means workers soon will see 1.2 percent more taken out of their paychecks, but even that money isn't going to be enough to completely straighten out state government's finances.
The state still has unpaid bills hovering around $15 billion, and that number could rise as more come in with the fog of the record-setting budget impasse lifting.
READ MORE
Bloomberg
There have been worries for the last few months about low levels of volatility. These have recently gone up a notch, with expectations for future volatility that are rather high. It’s like someone telling you, “This bridge is perfectly safe, but it could get dangerous at any instant, and collapse before you have time to get off.” That’s not what most people consider “safe.”
READ MORE
Kiplinger's Personal Finance via Chicago Tribune
Investors are wondering if the stock market's Trump bump could morph into the Trump slump as questions continue to swirl around the White House regarding its Russia connections. It's a high-stakes concern. Since President Trump's election in November, stocks have risen 14 percent on high hopes for the president's pro-business agenda. But policy has been overshadowed by probes in Congress and in the Justice Department.
READ MORE
Reuters
U.S. stocks swung between gains and losses as technology stocks buoyed the Nasdaq, while losses in healthcare weighed on the S&P 500 and the Dow.
Seven of the 11 major S&P sectors were higher, with the healthcare index's 0.22 percent fall leading the decliners. The infotech index was up 0.27 percent.
President Donald Trump's effort to roll back Obamacare faced growing obstacles on Monday as Republicans remained divided over how to curb the costs of their proposed healthcare bill and prevent millions from losing coverage.
READ MORE
Bloomberg
Greg Peters, who helps oversee more than $650 billion, said the recent jump in bond yields is a sign that investors should add to their holdings, rather than panic.
“It’s way too early to call the death of the bond market here,” Peters, who is senior investment officer at PGIM Fixed Income, said Monday on Bloomberg Radio. “I actually like when investors do that.”
READ MORE
Pensions & Investments
A pension reform plan for Chicago's municipal and laborer pension plans will move forward following the measure's inclusion in the state's budget package approved Thursday. State-level pension changes, including a hybrid plan for certain new state employees, were also a part of the approved budget.
The Chicago municipal and laborer pension reform plan approved Thursday is the same plan that passed the Legislature in April but had not been sent to Gov. Bruce Rauner for his signature.
READ MORE
Pensions & Investments
The rise of passive investing might be affecting the measure of short-term implied market volatility, some money managers say.
With the Chicago Board Options Exchange Volatility index, known as the VIX, hovering at the lower end of its 52-week trading range, these managers wonder if that isn't a result of the increased popularity of passive investment strategies.
READ MORE
|
|
|
|
7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063
|
