Upcoming Programs
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UPCOMING PROGRAMS CFA Society of Los Angeles, Inc. ■ 350 South Grand Avenue, Suite 1680 ■ Los Angeles, CA 90071 ■ Phone/Fax: 213.341.1164 ■ www.cfala.org October 2010 Fixed Income Series Thursday, September 30, 2010 (date of first class) 5:00pm – 7:00pm This course is appropriate for those seeking to gain a broader understanding of fixed income products. A sound understanding of fixed income is essential for all serious finance and investment professionals. This course provides information to acquire that understanding. Because the course is taught by professionals from prominent local investment firms and bond dealers, students will also obtain the unique perspectives of actual market participants. The course examines the structure and characteristics of the various bond markets and their particular instruments, including a look at the international bond markets. Instructors are also able to share their insights into asset management and trading strategies. Date Class Instructor 09/30/2010 Fixed Income Fundamentals Damon Eastman, CFA, Payden & Rygel 10/07/2010 Treasuries and Agencies Bill Berliner, Berliner Consulting 10/14/2010 Mortgages Bill Berliner, Berliner Consulting 10/21/2010 Corporates Sabur Moini, Payden & Rygel 10/28/2010 Fixed Income Derivatives Bill Berliner, Berliner Consulting 11/04/2010 International Bonds Tim Rider, CFA, Payden & Rygel 11/18/2010 Municipal Chad Rach, Capital Group 12/02/2010 Individual Portfolio Construction Gary Larsen, CFA, Wells Fargo Private Bank 12/09/2010 Institutional Portfolio Construction Gregory Peeke, CFA, Skrimshaw Investment Management *Textbook optional: The Handbook of Fixed Income Securities by Frank Fabozzi Class handouts will be provided every week by Thursday noon. There are no exams ! If you have any questions about the Fixed Income Series, please contact the chair: Rama Malladi, CFA, CAIA, FRM, Director of the Fixed Income Series [email protected] (714) 453-9763 Registration (click link directly below): Members: $400.00 (for the entire series) Non-members $450.00 (for the entire series) 1 UPCOMING PROGRAMS CFA Society of Los Angeles, Inc. ■ 350 South Grand Avenue, Suite 1680 ■ Los Angeles, CA 90071 ■ Phone/Fax: 213.341.1164 ■ www.cfala.org Time: 5:00pm – 7:00pm Location: 350 S. Grand Ave, ETC Room (Map) Los Angeles, CA 90071 Parking: Ample Parking at the intersection of 5th & Olive (click here) AFTER THE CRASH: LESSONS FROM ADVERSITY Thursday, September 30, 2010 12:00 pm - 1:30 pm Featured Speaker: James Ware, CFA Focus Consulting Group Chairs: Steve Sapra, CFA & Dan Pomerantz, CFA An Applied Behavioral Finance Group Event The financial crisis over the last three years has had a significant impact on the economy and people’s lives. It has also had a huge impact on the investment management industry. The white paper, “After the Crash: Lessons from Adversity” by Jim Ware, CFA, details what the impact of the crash has been on the industry. Mr. Ware, the recognized expert on leadership and culture in the investment industry, will present this significant post-crash research from nearly 100 asset management firms at this lively session. The paper addresses and answers questions like: · What are the important lessons to be learned from the crash? (Some are glaring and need immediate attention) · How can your firm’s culture get you through the toughest markets? · What’s changed with investment cultures post-crash? · How do the cultures of the best differ from the rest? · What factors are most important in driving high performing investment teams? · How do the best firms attract, retain and develop top talent? · How do you leverage a “sharp edge” culture (like PIMCO or Bridgewater) and differentiate yourself? Focus Consulting Group (FCG) has been studying investment leadership and culture on a global basis for over 10 years and has written 3 books for Wiley & Sons on related topics. In 2010, FCG replenished their data base to research and understand the implications of the global crisis on the investment industry. Jim Ware has completed over 100 speaking engagements to CFA Societies around the world and is a frequent keynote speaker at the CFA Institute, Mutual Fund Educational Alliance, Investment Adviser Association, U.S. Institute and other major industry conferences. Jim is recognized for his insightful, inspiring and entertaining presentations. He is a Chartered Financial Analyst and has an MBA from the University of Chicago. 2 UPCOMING PROGRAMS CFA Society of Los Angeles, Inc. ■ 350 South Grand Avenue, Suite 1680 ■ Los Angeles, CA 90071 ■ Phone/Fax: 213.341.1164 ■ www.cfala.org Speaker Bio: James Ware, CFA is the founder of Focus Consulting Group, a specialized firm dedicated to helping investment leaders leverage their talent. James is also a highly acclaimed industry author and international speaker on the subjects of investment leadership, culture and building high performing teams. A frequent keynote speaker at CFA Institute, Mutual Fund Educational Alliance, Investment Adviser Association, U.S. Institute and other major industry conferences, James is recognized for his insightful, inspiring and entertaining presentations. His recent books, Investment Leadership: Building a Winning Culture for Long-Term Success (Wiley, 2003) and High Performing Investment Teams (Wiley, 2006) identify those elements of leadership and teamwork that lead to sustainable success for investment firms. James has 20 years experience as a research analyst, portfolio manager, and director of buy-side investment operations. He has been a guest lecturer on the topic of investment firm management at the Kellogg Graduate School of Management at Northwestern University. His educational background includes a Masters in Business from the University of Chicago and a degree in philosophy from Williams College, where he graduated Phi Beta Kappa. http://www.focuscgroup.com/site/314/Jim_Ware__CFA.aspx Registration (click links below to register for the event): CFALA Members:$20.00 Non-Members: $40.00 When: Thursday, September 30, 2010 12:00 pm – 1:30 pm, Lunch Location: Omni Los Angeles 251 South Olive Street Los Angeles, CA 90071 For directions call hotel: (213) 617-3300 3 UPCOMING PROGRAMS CFA Society of Los Angeles, Inc. ■ 350 South Grand Avenue, Suite 1680 ■ Los Angeles, CA 90071 ■ Phone/Fax: 213.341.1164 ■ www.cfala.org What Decision Neuroscience Teaches Us About Financial Decision Making Wednesday, October 13, 2010 12:00 pm - 1:30 pm Featured Speaker: Peter Bossaerts William D. Hacker Professor of Economics and Management and Professor of Finance at the California Institute of Technology Chairs: Steve Sapra, CFA & Dan Pomerantz, CFA An Applied Behavioral Finance Group Event Financial decision making is the outcome of complex neuro-physiological processes involving, among others, constant re-evaluation of the statistics of the problem at hand, balancing of the various emotional aspects, and computation of the very value signals that are at the core of modern economic thinking. The evidence suggests that emotions play a crucial supporting role in the mathematical computations needed for reasoned choice, rather than interfering with it, even if emotions (and their mathematical counterparts) may not always be balanced appropriately. Decision neuroscience can be expected in the near future to provide a number of effective tools for improved financial decision making. Speaker Bio: Peter Bossaerts is the William D. Hacker Professor of Economics and Management and Professor of Finance at the California Institute of Technology. He received a licentiate and doctorandus degree in applied economics from the University of Antwerp in Belgium. After coursework towards a Master's in statistics at the Free University Brussels, he changed to the University of California, Los Angeles, where he finished his PhD in Management (Finance) under Richard Roll. His first appointment as assistant professor was at Carnegie Mellon University's Graduate School of Industrial Administration. In 1990, Peter Bossaerts moved to the California Institute of Technology (Caltech), where he promoted to become Professor of Finance, and is presently the William D. Hacker Professor of Economics and Management. He was also Executive Officer for the Social Sciences and Chair of the Division of Humanities and Social Sciences. Until June 2009, Peter Bossaerts was at the Swiss Federal Institute of Technology (EPFL) as Swiss Finance Institute Professor, chairing the Laboratory for Decision Making under Uncertainty. While his research and publications have encompassed many areas of financial economics, his present work focuses on experimental finance and decision neuroscience. This work borrows tools from many relevant fields, such as decision theory, general equilibrium theory, game theory, cognitive psychology, and decision neuroscience. His work has been published in journals such as the Journal of Finance, Econometrica, the Review of Economic Studies, Science, Proceedings of the National Academy of Sciences, and the Journal of Neuroscience. Peter Bossaerts has taught undergraduate, MBA, PhD and executive classes at various places across the world, including Yale University and IMD (Switzerland). He is or has been on the board of numerous academic journals, such as the Review of Finance, the Review of Financial Studies, Mathematical Finance and Frontiers of Neuroscience. 4 UPCOMING PROGRAMS CFA Society of Los Angeles, Inc. ■ 350 South Grand Avenue, Suite 1680 ■ Los Angeles, CA 90071 ■ Phone/Fax: 213.341.1164 ■ www.cfala.org Registration Links