Spring 2019 Newsletter May 28, 2019
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SPRING 2019 NEWSLETTER MAY 28, 2019 IN THIS EDITION: UPCOMING AND RECENT EVENTS FORECAST DINNER IN REVIEW PROGRAM PROMOTION MENTORSHIP PROGRAM NATIONAL | INSTITUTE DEVELOPMENTS | INITIATIVES INFO FOR CANDIDATES CAREER DEVELOPMENT Members, candidates and partners of the CFA Society Ottawa are welcomed to share their stories, information and announcements in the next edition of the Newsletter. Please contact [email protected]. 1 TABLE OF CONTENTS UPCOMING EVENTS OTTAWA ..............................................................................................................................3-4 SOCIETIES NEARBY .............................................................................................................4 GLOBAL ...................................................................................................................................4 RECENT EVENTS FORECAST DINNER IN REVIEW .................................................................................... 5-7 MEMBER’S RESOURCES PROGRAM PROMOTION ................................................................................................. 8-9 NATIONAL | INSTITUTE DEVELOPMENTS | INITIATIVES .............................................10 CAREER DEVELOPMENT WHAT MAKES A GREAT INVESTOR? ......................................................................... 11-12 CFA SOCIETY OTTAWA LEADERSHIP & VOLUNTEERS ................................................13 CFA Society Ottawa www.CFAOttawa.ca UPCOMING EVENTS JUNE 1, 2019 OCTOBER 2, 2019 SCHWESER MOCK EXAM WANT CANADIAN INVESTORS NEED TO KNOW ABOUT THE STOCK AND BOND MARKET Now that you have prepared and practiced for the CFA® exam, you are ready to perform and put your skills and Brad Gibson and John Lin from AllianceBernstein (AB) knowledge to the test. The Live Schweser Mock Exam will address the macro environment – myth and reality is as close to the actual CFA exam in format, difficulty, – and how it impacts the markets. Brad Gibson will talk and length as we can make it. The Mock Exam helps about the fixed income markets and John Lin will talk develop your test-taking skills, identify your weak areas, about equities. They will highlight the challenges and and demonstrate your mastery of the CFA curriculum. opportunities to investing in the region. The presentation Afterward, view answer explanations, check your score will also address who is invested there now and include a compared to those of other candidates, and drill deeper strategy for new investors to begin allocating to these into each question with our Mock Exam Tutorial. markets, which are now too big and too important to ignore. Time: 9:00 AM – 12:00 PM | 1:00PM-4:00PM Brad Gibson – Co-Head, Asia Pacific Fixed Income Mock Exam Location: Azrieli Theatre 101 Brad Gibson is a Senior Vice President and Co-Head of 1125 Colonel by Dr. | Ottawa, ON K1S5B6 | Canada Asia Pacific Fixed Income at AB, focusing on regional Asian fixed-income portfolios. He is a member of the Global JUNE 18, 2019 Fixed Income and Emerging Market Debt teams. Prior to FINANCIAL STABILITY AND CONSUMER joining AB in 2012, Gibson was the head of Rates Strategies CONFIDENCE IN AN EVOLVING at ING Investment Management Australia, where he was responsible for the management of a range of domestic, FINANCIAL WORLD international, diversified, nominal and inflation-linked bond portfolios. Prior to that, he spent three years at the Please join us on June 18th for a luncheon as part of Commonwealth Bank of Australia as head of Global Mar- our Putting Investors First month. Peter Routledge, kets Singapore and head of Financial Institutions Domestic the President and CEO of Canada Deposit Insurance Sales, New South Wales. He was previously a member of Corporation (CDIC) will be discussing how the banking both the interest-rate options and bond committees of the and financial system has changed (and is stronger) Australian Financial Markets Association, and has lectured since the global financial crisis. He will highlight the on fixed-income portfolio management for the Securities environment then versus now and discuss what would Institute of Australia (now FINSIA). happen if a failure were to occur. We will also look at deposit trends in Canada and globally and the effort John LinPortfolio – Manager, China Equities CDIC is making to ensure Canadians know their money is well protected. John Lin has been a Portfolio Manager of China Equities since 2013, responsible for managing the China A Shares Speaker: Peter Routledge, CIDC Value Portfolios and the China Opportunity Fund. He also serves as a Senior Research Analyst, responsible Mr. Routledge leads CDIC’s team of approximately 140 for covering financials, real estate and conglomerate professionals from a variety of disciplines whose work companies in Hong Kong and China. In 2008, Lin relocated supports the corporation’s vision to earn the trust of to Hong Kong, where his research coverage included Asian Canadians as a global leader in deposit insurance and financials, real estate and telecommunications services resolution. He has extensive experience in Canada’s companies. He joined the firm in New York in 2006 as a financial sector. Prior to joining CDIC, he was a Senior research associate, covering consumer services companies Advisor at the Department of Finance where he provided for US Small & Mid-Cap Value Equities. He holds a BS advice on a range of policy issues including financial (magna cum laude) in environmental engineering from stability, housing finance, and competition in Canadian Cornell University, and an MBA from the Wharton School financial services. Mr. Routledge holds an MBA from at the University of Pennsylvania, where he earned the INSEAD in France, and a bachelor’s degree in business distinction Graduation with Honors. and economics from Simon Fraser University. 3 UPCOMING EVENTS SOCIETIES NEARBY FORECAST DINNER JUNE 6, 2019 | MONTREAL BUSINESS INTELLIGENCE JUNE 11, 2019 | TORONTO MONEY AND MEANING: THE SUSTAINABLE ALPHA OF IMPACT INVESTING JUNE 12, 2019 | TORONTO PfAD – NEW FUNDING RULES FOR ONTARIO PENSION PLANS JUNE 13, 2019 | TORONTO GLOBAL CFA INSTITUTE AND HARVARD BUSINESS SCHOOL: CFA OTTAWA INVESTMENT MANAGEMENT WORKSHOP JUNE 23-27, 2019 | BOSTON, UNITED STATES GOLF TOURNAMENT CFA INSTITUTE SEMINAR FOR GLOBAL INVESTORS JULY 22-25, 2019 | CHICAGO, UNITED STATES JUNE 28, 2019 | PREDATOR COURSE - GREYHAWK GOLF CLUB http://greyhawk.clublink.ca Please join us for a morning of WEBINARS fun, sun, and networking. PRACTITIONERS’ INSIGHTS: ASSESSING EMERGING TECHNOLOGY BUSINESSES JUNE 06, 2019 REGISTRATION COSTS (INCLUDES CART AND LUNCH) ETHICAL DECISION MAKING JUNE 12, 2019 PRICE PER GOLFER: $125 PRICE PER GOLFER (CLUBLINK MEMBER): $25 FOURSOME (NON-CLUBLINK MEMBERS): $500 More at: www.CFAInstitute.org > Insights & Learning 4 RECENT EVENTS FEBRUARY 27, 2019 MAY 2, 2019 PRESENTATION BY GMO: 7 YEAR OUTLOOK RECENT TRENDS AND PERSPECTIVE SUSTAINABILITY AND ESG Tariq Fancy, Managing Director, Chief Investment Officer of Sustainable Investing at BlackRock gave a very well received presentation to a sold-out audience on Sustainable, ESG investing. His presentation covered many challenges of ESG investing, from the reliability of data to implementing ESG ideas into portfolios. Catherine LeGraw, Partner with GMO, presented their 7-year outlook for asset classes based on their proprietary forecasting framework. Catherine gave her detailed assessment of the relative value of a wide range of asset classes in today’s market and how they fit within an overall portfolio. She also identified potential opportunity areas for both short-term tactical trades as well as investments that could generate positive returns over the longer-term. MARCH 7, 2019 ADVANCED DATA MANIPULATION WITH EXCEL/ FINANCIAL MODELING The CFA society Ottawa was pleased to host Marquee, one of the leaders in excel training. The Advanced Data Manipulation with Excel & Financial Modeling courses were well attended and received great feedback. We will be hosting Marquee again in the future, be sure to keep checking in our events page for the next training session. 5 MEMBERS RESOURCES FORECAST DINNER IN REVIEW As is tradition, the outcome of this year’s Forecaster of the Year contest was also announced at the Forecast On April 16, 2019, the CFA Society Ottawa once again Dinner. Contestants tried their hand at forecasting the hosted its Annual Forecast Dinner at the Shaw Centre. value or yield for 10 assets as at March 15, 2019. First As the foremost investment conference in the nation’s place was awarded to Jane Ruttkayova, second place capital, the Annual Forecast Dinner brought together went to Chi Lê, and third place went to Simon Mitchell. almost 500 investment professionals from the region, Once again congratulations to the winners and we who gathered with their peers, colleagues and friends thank all participants for casting their forecasts! to hear from two fantastic speakers. We would like to thank this year’s title sponsor MFS for The night was hosted by comedian Adam Growe, host once again supporting the Annual Forecast Dinner, as of Cash Cab and renowned comedian, who kept the well as all platinum, gold, silver and bronze sponsors crowd engaged with his presentation of the Forecaster who are outlined on the following page. The success of the Year contest and unique brand of comedy on of the Annual Forecast Dinner depends on the ongoing world events, financial and investment analysis. The support of the local investment community and we are event