Events Listing

CFA Society of Milwaukee Speaker Schedule

All events are held at the Milwaukee Athletic Club, 758 N. Broadway, Milwaukee.
RSVP online or call 414-768-7900.

** PLEASE NOTE:
Reservations are needed no later than the Friday prior to each event.

Monday, August 18, 2008
5:00 pm - game end

BREWERS TAILGATE & GAME

SPONSORED BY iShares

We have revised our Brewers tailgate party for Monday, August 18th, vs. the Houston Astros at 7:05pm. The gates open at 4:05pm and we are planning on starting the tailgate at 5pm at the Sausage Haus. The closest general parking is in the Mets and Dodgers lots (East Parking Lot).    

If you have responded previously, please respond again.

 The charge is $25 (Infield Box - Regular Price $45) for the ticket only. Food and beverage will be catered and complimentary, sponsored by iShares.

 Please feel free to bring a guest. Space is limited to the first 100, so please respond promptly. Depending on our turnout, we can buy more tickets if done so in a timely manner.  Capacity for the Sausage Haus is 125. Please RSVP promptly and await a confirmation.

Wednesday, July 16, 2008
5:30pm - 8:30pm

CFA Volunteer Social Hour

If you are interested in finding out more about CFA volunteering opportunities, please join us for a social hour on the rooftop at Hotel Metro on Wednesday, July 16th from 5:30-8:30pm.  This is a great opportunity to learn more about the committees that we have and how you can become involved.  The event also serves to show appreciation for those who have volunteered over the past year. 

Please note this is strictly for current and potential volunteers as space is limited to 50.   

If you have not already, please RSVP to kerri@dbamar.com .

Wednesday, May 7, 2008
6:00 pm - 8:30 pm

CFA Social Gathering-Fox Valley

Please join us for a social hour at The Seasons Restaurant. 

Stop by and take advantage of this great networking opportunity as well as discuss future events in the Fox Valley area.   

WHEN: Wednesday, May 7th, 2008       

TIME: 6-8:30pm

WHERE: www.theseasonsrestaurant.com

The Seasons Restaurant

213 S. Nicolet Rd.

Appleton, WI

If you plan on attending, PLEASE SEND AN RSVP here by Friday, May 2nd.

Wednesday, April 16, 2008
12:00 Noon
Brian S. Wesbury, Chief Econ.,1st Trust Advisors
Recession, Or Not?

Stalwart financial firms have failed or written down billions of dollars in losses as leverage continues to unwind. Home prices are falling as residential construction has collapsed. Dire warnings of recession fill the headlines of business news, and pessimism is rampant. Yet, the US economy continues to grow. Gross domestic product has not turned negative, the unemployment rate remains low, wages are rising, consumer spending is still expanding, and exports are booming. What should we believe - the fearful forecasts, or the optimism of one of the nations' best forecasters - Brian Wesbury. Come hear why Wesbury still thinks the economy is resilient and investors who remain steadfastly optimistic will reap large rewards.

Brian Wesbury is Chief Economist at First Trust Advisors L.P., a financial services firm based in Lisle, Illinois and serves on the Board of Advisors to First Trust Capital Partners, an affiliated private-equity firm. The Wall Street Journal ranked Mr.Wesbury the nation's #1 U.S. economic forecaster in 2001 and USA Today ranked him as one of the nation's top 10 forecasters in 2004. Mr. Wesbury writes frequently for the editorial page of The Wall Street Journal and is the Economics Editor of "The American Spectator." In 2007, he was named a CNBC Contributor. Mr. Wesbury is a member of the Academic Advisory Council of the Federal Reserve Bank of Chicago and is also an adjunct professor of economics at Wheaton College in Wheaton, Illinois. Additionally, he sits on the Board of Managers of Three-Sixty Advisory Group, a Pasadena, California based consulting and private-equity firm. Mr. Wesbury began his career in 1982 at the Harris Bank in Chicago. Former positions include Vice President and Economist for the Chicago Corporation and Senior Vice President and Chief Economist for Griffin, Kubik, Stephens, & Thompson. In 1995 and 1996, he served as Chief Economist for the Joint Economic Committee of the U.S. Congress. Mr. Wesbury received an M.B.A. from Northwestern University's Kellogg Graduate School of Management, and a B.A. in Economics from the University of Montana. McGraw- Hill published his first book, The New Era of Wealth, in October 1999. He is currently working on a new book, scheduled to be published in 2008 by John Wiley & Sons.

Price: $15 Members, $20 Non-Members. Payable at the door.

Location: The Milwaukee Athletic Club, M.A.C.  758 N. Broadway (Corner of Broadway and Mason), Milwaukee, WI

Please make a reservation by calling CFASM Voicemail at (414) 768-7900 or completing the following form here by Friday, April 11.

Wednesday, March 26, 2008
11:00 am - 2:00 pm
CFA Society of Chicago
JOB FAIR FOR INVESTMENT PROFESSIONALS

Hosted by the CFA Society of Chicago

NOTE: CHICAGO LOCATION, YOU MUST RESPOND TO LINKS BELOW. DO NOT USE CFA MILWAUKEE RSVP FORM.

MEMBERS ONLY

Are you looking for a new job or just curious to learn about opportunities with other firms?
 Please join us at an exclusive event to meet recruiters from Chicago's top firms:

Allstate Investments, LLC
Bank of America
Calamos Investments
Claymore Securities, Inc.
Ennis Knupp & Associates
First Analysis
HQ Search, Inc.
Houlihan Smith & Company, Inc.
Marco Consulting Group
Northern Trust
Nuveen Investments
Optiver US, LLC
Robert Half International
Robert W. Baird & Company
Spot Trading, LLC
William Blair & Company

To learn more about exhibitors' hiring needs and departments represented at the Job Fair, please click here.

SNACKS AND BEVERAGES PROVIDED BY:

ALLSTATE INVESTMENTS, LLC

Wednesday, March 26th, 2008
The Standard Club
320 S. Plymouth Court
Chicago, IL
(Driving Directions)
11:00 am - 2:00 pm

FREE EVENT - MEMBERS ONLY

We require a credit card guarantee for ALL reservations.
(Visa, MasterCard, American Express, Discover and Diners Club are accepted)
If you fail to cancel or fail to show, there will be a $10 charge
Cancellations accepted until 5:00 pm, March 25th. There is a $5 surcharge for walk-ins.

Make Reservations

Online
- or -
by phone 312-251-1301

Attire is business casual

Wednesday, March 19, 2008
12:00 Noon
Brett Gallagher
Insights on the International Market

The turbulence experienced over the past year leaves investors wondering what's ahead.  Mr. Gallagher will discuss important trends in the globalization of equity markets and the impact these have on investment decisions.  He will also share Julius Baer Investment Management's strategic views for developed and emerging markets and where we are uncovering new opportunities.   

BIO:  Brett Gallagher is the Deputy Chief Investment Officer and a Senior Portfolio Manager. He joined Julius Baer in 1999 after serving as the Senior Investment Executive at Chase Manhattan Bank (Singapore) and the Head of Private Client Investment Management for JP Morgan (Singapore). In addition, Brett spent four years with Bankers Trust Co., serving as a Senior Portfolio Manager, Global Equity and three years as a Financial Analyst at Irwin Management Company. Brett received both his MBA and Bachelor of Arts in Economics from the University of Virginia.

Price: $15 Members, $20 Non-Members. Payable at the door.

Location: The Milwaukee Athletic Club, M.A.C.  758 N. Broadway (Corner of Broadway and Mason),  Milwaukee, WI

Please make a reservation by calling CFASM Voicemail at (414) 768-7900 or completing the following form

here

Wednesday, March 12, 2008
12:00 Noon

Barry Alvarez

A FANTASTIC OPPORTUNITY TO BRING GUESTS AND CLIENTS!

Please join us on Wednesday, March 12, as Barry Alvarez, from the University of Wisconsin, speaks to our society.

Each person in attendance will receive a signed copy of Alvarez's book. Only those who RSVP will receive a copy of the book. Please RSVP early as there is a limited supply of books.

Barry Alvarez is now in his fourth year as Director of Athletics at the University of Wisconsin and second without the additional title of head football coach. Alvarez served as A.D. and football coach from 2004-05.

Alvarez's first year as Director of Athletics (without the football duties) was a memorable one as Wisconsin won four national titles (men's cross country, men's and women's hockey, and women's lightweight rowing) during the 2005-06 athletic campaign. Badger student-athletes then showed their capabilities off the field of play during the fall of 2006 when they registered the highest cumulative grade-point average for a fall term in department history.

The Badgers followed up those successes by winning two more national titles (women's hockey and men's indoor track and field) in 2006-07.

Alvarez guided Wisconsin's football fortunes for 16 seasons (1990-2005). He has been at the forefront of the revival of the Badger athletic program during his entire tenure in Madison.  He piloted Wisconsin to three Big Ten and Rose Bowl titles (including back-to-back in 1998-99) en route to becoming the winningest football coach in school history (118-73-4 record).

Alvarez was just the 10th coach in Big Ten history to win 100 games at one conference institution.  His 8-3 (.727) record in bowl games with the Badgers is the best in college football history (among coaches with at least 11 bowl appearances).  The 2004 AFCA Region 3 Coach of the Year, he also was the 1993 national coach of the year, a two-time (1993 and 1998) Big Ten coach of the year and a finalist for ESPN's coach of the decade (1990s) honor.

Alvarez is a 1969 graduate of the University of Nebraska, where he played linebacker and went on to earn his master's degree. He received a Distinguished Alumnus Award from his alma mater in 2003. Alvarez and his wife, Cindy, are co-campaign chairs in the effort to bring a Gilda's Club (a free support center for families dealing with cancer) to Madison. In addition, Alvarez serves on the Board of Directors of the MACC Fund (Midwest Athletes Against Childhood Cancer).

Price Specific to this Special Event: $25 Members, $30 Non-Members, $15 Students. Payable at the door.

Location: The Milwaukee Athletic Club, M.A.C.  758 N. Broadway (Corner of Broadway and Mason),  Milwaukee, WI

Please make a reservation by calling CFASM Voicemail at (414) 768-7900, e-mailing kerri@dbamar.com or completing the following form here by FRIDAY, FEBRUARY 29.

Thursday, February 28, 2008
5:00 pm - 8:00 pm
CFA Social Gathering
Social Gathering-Joey Buona's Pizzeria

Please join us for a social hour, sponsored by PowerShares held at Joey Buona's Pizzeria. Stop by and take advantage of a great networking opportunity. Feel free to bring guests!

WHEN: Thursday, February 28       

TIME: 5-8pm

WHERE:  Joey Buona's Pizzeria   

500 N. Water St.
Milwaukee, WI 53202
Phone: (414) 272-8662

Visit their website:

Joey Buona's Pizzeria

If you plan on attending, PLEASE SEND AN RSVP reply here by Tuesday, February 26.

Wednesday, February 20, 2008
12:00 Noon
Steve Hoye
Portfolios Optimization with Failure-Prone Projects

Steve Hoye has over 26 years of experience in the Oil and Gas industry, first as a geophysicist, and later as Asset Team Manager and Team Leader for a multinational energy company.  He has extensive computer programming experience and over 10 years of experience forecasting the effects of uncertainty and risk on the financial results of a wide range of project types from oil and gas drilling portfolios to new product development and sales.  Steve earned an MBA from the University of Denver's Daniels College of Business in 1997, and holds a BS in Geophysics from Purdue University with a mathematics emphasis.  He earned the designation 'Chartered Financial Analyst' from the CFA Institute in 2006. 

Steve developed and teaches the Advanced Crystal Ball for Oil & Gas course.  He also teaches the following courses for Decisioneering:

Introduction to Crystal Ball, Advanced Crystal Ball, Introduction to Real Options, and Spreadsheet Modeling Techniques for Business: Best Practices.  Steve consults with companies worldwide on the use of stochastic modeling in financial analysis and business decision making.

"Portfolios Optimization with Failure-Prone Projects: An Analysis of Risk and Real Options and Their Contribution to Efficient Capital Allocation"

Failure-prone projects are characterized by high potential returns with a significant risk of loss due to technical constraints, competitive pressures, failure to reach market in time, or other scenarios where the product's future value will not payout the costs of development.

Examples include new product development in the pharmaceutical and biotech industries, drilling for oil and gas, and high-tech consumer product launches.

The author demonstrates the use of Monte Carlo Simulation in the evaluation of failure prone projects under conditions of uncertainty, simulating a discounted cash flow analysis with multiple sources of uncertainty.  A portfolio with multiple projects is then simulated and efficient combinations of projects are defined that minimize portfolio risk for a given required level of return using a sophisticated portfolio optimization, which is demonstrated.  These resulting portfolios are shown to lie on the efficient frontier.

The properties of the efficient frontier are then related to various aspects of the underlying projects in the portfolio, including: systematic (e.g. price) versus unsystematic (failure) risks,  availability of strategic flexibility to abandon or expand certain, projects: real options

Finally, appropriate measures of risk are discussed for portfolio optimization as well as the sensitivity of the process to some of the numerical parameters that are used.

Price: $15 Members, $20 Non-Members. Payable at the door.

Location: The Milwaukee Athletic Club, M.A.C.  758 N. Broadway (Corner of Broadway and Mason),  Milwaukee, WI

Please make a reservation by calling CFASM Voicemail at (414) 768-7900, e-mailing kerri@dbamar.com or completing the following form here Friday, February 15.

Friday, February 15, 2008
7:00 - 8:30 am

Networking Breakfast

Dear Members and Prospective Members:

Please join us for a complimentary hot breakfast from 7:00am - 8:30am on Friday, February 15th, at the Italian Community Center. The breakfast is informal, there is no speaker and since its a buffet, you can come and go as you please. This is purely a networking event. Please feel free to bring guests. We will also be handing out a free gift.

Please RSVP to kerri@dbamar.com ASAP (no later than this Wednesday 2/13)

The Italian Community Center is located at 631 East Chicago Street and provides free parking.

Hope to see you there!

Sincerely,

David Becker

President

BREAKFAST BUFFET MENU

Orange Juice

Fresh Fruit Salad

Scrambled Eggs

Bacon, Sausage Links and Ham

Hash Browned Potatoes

Bagels and Muffins

Dry Cereals and Milk

Fresh Breakfast Pastries

Butter, Preserves

Coffee, Decaf, Tea, Milk

Wednesday, January 30, 2008
Noon Luncheon at MAC
Daniel J. Fuss, CFA, CIC
Bond Market Outlook

Dan Fuss has 49 years of experience in the investment industry and has been with Loomis, Sayles & Company since 1976. He is Vice Chairman of the firm and manages numerous institutional accounts for the fixed income group. Dan also manages a variety of mutual funds including the flagship Bond, Strategic Income, Institutional High Income and Investment Grade Bond Funds.

In 2000, he was named to the Fixed Income Analysts Society's Hall of Fame in recognition of his contributions and lifetime achievements in the advancement of the analysis of fixed income securities and portfolios. He is past president of the Boston Security Analysts Society. Dan earned a Bachelor of Science and Masters in Business Administration from Marquette University. He served in the US Navy from 1955 to 1958 and held the rank of Lieutenant.

Price: $15 Members, $20 Non-Members. Payable at the door.

Location: The Milwaukee Athletic Club, M.A.C.  758 N. Broadway (Corner of Broadway and Mason),  Milwaukee, WI

Please make a reservation by calling CFASM Voicemail at (414) 768-7900 or completing the following form here http://www.cfamilwaukee.org/events_rsvp.cfm no later than Friday, January 25.

Monday, December 3, 2007
Noon Luncheon at MAC
Vitaliy Katsenelson
Active Value Investing: Making Money in Range Bond Markets

One of the most significant challenges facing today's active investor is how to make money during times when markets are going nowhere.  Market experts predict whether the stock market will go up or down, but the reality is that it goes nowhere over 50% of the time.  There are many books written on investment strategy in bull markets, but there is little guidance on how to invest in range bound markets.

In Active Value Investing, author and respected investment portfolio manager Vitaliy Katsenelson makes a convincing case for range-bound market conditions and offers readers a practical strategy for proactive investing that improves profits.  This guide provides investors with the know-how to modify the traditional, fundamentally driven strategies that they have become so accustomed to using in bull markets, so that they can work in range bound markets.  Mr. Katsenelson will also introduce you to the Quality, Valuation, and Growth (QVG) framework, which lies at the core of this approach. 

Range-bound markets may be difficult to invest in, but with Active Value Investing as your guide, you will quickly learn how to squeeze real profits out of a difficult market so please plan on attending this program presented by Vitaliy Katsenelson on December 3rd.

Vitaliy Katsenelson, CFA (Denver, Co) has been involved with the investment industry since 1994.  He is a portfolio manager with Investment Management Associates.  Mr. Katsenelson is a member of the CFA Institute, has served on the board of CFA Society of Colorado and is also on the board of Retirement Investment Institute.

Book Website:     Active Value Investing

Price: $15 Members, $20 Non-Members. Payable at the door.

Location: The Milwaukee Athletic Club, M.A.C.  758 N. Broadway (Corner of Broadway and Mason),  Milwaukee, WI

Please make a reservation ASAP by calling CFASM Voicemail at (414) 768-7900 or completing the form here no later than this Friday, November 30.

Wednesday, November 28, 2007
5 - 8 PM
CFA Social Gathering/Joey Buona's Pizzeria
CFA Social Gathering

Stop by and take advantage of a great networking opportunity.

Please join us for a happy hour, sponsored by State Street Global Advisors held at Joey Buona's Pizzeria.

WHERE:  Joey Buona's Pizzeria

http://www.foodspot.com/joeybuonas/index.html

500 N. Water St.
Milwaukee, WI 53202
Phone: (414) 272-8662

Wednesday, November 14, 2007
12 Noon
Fred Speece
Patience: Courage and Occam's Razor in Capital Markets

Fred Speece of Speece Thorson Capital Group,  "Patience: Courage and Occam's Razor in Capital Markets"

A critical discussion of the current dynamics affecting investors and the investment management business. The conversation focuses on excess liquidity, risk premium, and structural changes resulting in a more emotional and volatile capital market-an opportunity for those with patience and courage.

Speece is a founder of the investment management firm Speece Thorson Capital Group, Inc. in Minneapolis. CFA Institute awarded Speece with the Alfred C. Morley Distinguished Service Award and the C. Stewart Sheppard Leadership Award. He is a trustee emeritus of the Research Foundation of CFA Institute.

Wednesday, October 24, 2007
12 Noon
John Gurda
History of Milwaukee

"THE MAKING OF MILWAUKEE"

Milwaukee was known as "good land" to native Americans, a place of abundant natural resources. It became, over the decades, a major Great Lakes port, a stronghold of industry, a capital of ethnic diversity, a model of good government, and one of the most livable large cities in America. "The Making of Milwaukee" is a fast-paced PowerPoint program that captures the full sweep of the community's history, from its wilderness past to the complex patterns of the 21st century.

BIOGRAPHY

John Gurda is a Milwaukee-born writer and historian who has been studying his hometown since 1972. He is the author of eighteen books, including histories of Milwaukee-area neighborhoods, churches, and industries. The Making of Milwaukee is Gurda's most ambitious effort. With 450 pages, more than 500 illustrations, and a cast of thousands, it is the first feature-length history of the community published since 1948. Milwaukee Public Television produced a highly acclaimed documentary series based on the book in 2006.

In addition to his work as an author, Gurda is a lecturer, tour guide, and local history columnist for the Milwaukee Journal Sentinel. He holds a B.A. in English from Boston College and an M.A. in Cultural Geography from the University of Wisconsin-Milwaukee. Gurda is an eight-time winner of the Wisconsin Historical Society's Award of Merit.

Wednesday, September 26, 2007
12 Noon
Carson Boneck
Quantitative stock selection

Mr. Carson Boneck, CFA will be discussing the results of QSG's ongoing research into how institutional investors can leverage specialty data sources to improve their stock selection processes. Carson will also be describing which factors QSG has found to be most predictive using these alternative data sources, specifically within the REIT, Banks & Thrifts, and Retail industries. In addition, he will be discussing some of the current trends within quantitative investment management.

Wednesday, September 12, 2007
5-8 PM
N/A
Social Event

Join us for the 2007-08 Social Hour Kickoff Event at

Rip Tide Seafood Bar & Grill