312-251-1301 info@cfachicago.org

Event Detail

Fundamentals of Investing

Date, Time, and Location:
Tuesday, September 19, 2006 (add this event to your Outlook Calendar)
The Standard Club, 320 S. Plymouth Ct., Chicago, IL  60604   (Driving Directions)

Does your organization employ assistants or analysts to support investment professionals? Would your support staff be more productive and useful if investment professionals taught them the "Fundamentals of Investing?"

CFA Society of Chicago is pleased to announce our annual "Fundamentals of Investing" course. The course will run for six consecutive Tuesdays, beginning September 19. This course typically sells out, so register now!

Course Content

Sept. 19: Stocks and Equity Markets (Salient Characteristics, Stock Issuance, Stock Trading, Indexes, Trading Costs, Margin Trading, Short Selling, Security Regulation) - Taught by Ann Logue, freelance writer, consulting analyst, and instructor at the University of Illinois at Chicago.

Sept. 26: Bonds and Fixed Income Markets (Characteristics of Bonds, Types of Bonds, Calculating Present Value of Bonds, Yield to Maturity, Risks of Bonds, Duration) - Taught by Michael Lindh, CFA, current President of the CFA Society of Chicago, and Director of Investment Analysis and Research at Richards & Tierney.

Oct. 3: Economy and Interest Rates (Inflation, Interest Rates, Money Supply, Gross Domestic Product, Productivity, Demographics, Unemployment) - Taught by Asha Bangalore, PhD, Vice President and Economist at The Northern Trust Company.

Oct. 10: Mutual Funds and Investment Styles (Structure of Mutual Funds, Types of Mutual Funds, Investment Styles, Selecting Mutual Funds, Performance Evaluation, Costs) - Taught by Michael Falk, Vice President and CIO at ProManage LLC.

Oct. 17: Overview of Financial Statements and Financial Ratios (Income Statement, Balance Sheet, Cash Flow Statement, Liquidity Ratios, Profitability Ratios, Asset Management Ratios, Valuation Ratios) - Taught by Ann Logue, freelance writer, consulting analyst, and instructor at the University of Illinois at Chicago.

Oct. 24: Alternative Assets (Hedge Funds, Venture Capital, Real Estate, Commodities) - Taught by Keith Black, CFA, Professor at the Illinois Institute of Technology's Stuart School of Business.

Investment assistants/analysts
Sales, marketing and client-service personnel
Trust administrators
Personal bankers
Other professionals supporting senior investment professionals

NOTE: CFA Chicago must have a minimum of 20 registrants in order to hold this course.

September 19 - October 24, 2006
(Six Consecutive Tuesdays)

2:30 - 4:45 PM

The Standard Club
320 S. Plymouth Ct.

Members/Non-members: $450 (cash, check or credit card)
Additional participants from the same organization will receive a 25% discount.

Students: $60 (cash, check or credit card) Note: Students must register by phone for this event

Registrations may be cancelled up until September 12. After September 12, there will be no refund.


Asha G. Bangalore is a Vice President and Economist at The Northern Trust Company, Chicago.
Prior to joining Northern Trust as an Officer in May, 1994, Ms. Bangalore was a consultant with Financial & Economic Strategies, Inc., a faculty member at Trinity College, and an economist at Industrial Development Bank of India in Bombay, India. She was named a Second Vice President in November, 1996.

Ms. Bangalore received a B.A. degree from Bangalore University in India, and an M.A. degree and a Ph.D. degree from the University of Connecticut. She is a member of the National Association of Business Economists and the American Economic Association.

Keith Black, CFA teaches at the Stuart Graduate School of Business at the Illinois Institute of Technology. His courses include Global Market Economics, Equity Valuation, Investments, Mutual Funds, Hedge Funds and Global Investment Strategy. Mr. Black's interest in hedge funds inspired him to write the book "Managing a Hedge Fund", which was named to the 2005 Financial Engineering News list of the top ten books in risk management and financial engineering. He has earned the designations of Chartered Financial Analyst and Chartered Alternative Investment Analyst, as well as an MBA from Carnegie Mellon University. He has published in the Journal of Financial Compliance and Regulation, The Journal of Trading and The CFA Digest. Mr. Black comments on markets for television and print outlets of financial news.

His professional experience includes commodities derivatives trading at First Chicago Capital Markets, stock options research and CBOE market-making for Hull Trading Company, and building stock selection models for mutual funds and hedge funds at Chicago Investment Analytics (CIA). He currently serves as an NASD licensed research consultant for a hedge fund marketing firm.

Michael S. Falk is a Vice President and the Chief Investment Officer at ProManage LLC. Mr. Falk is responsible for developing and monitoring ProManage's investment policies and procedures. He directs the investment manager research effort, as well as the construction of investment portfolios. He is the Chair of the company's Investment Committee as well as the primary liaison among the Investment Committee, the company and its clients.

Aside from his duties at ProManage, Mr. Falk is part of the CFA Institute's Speaker Retainer Program, an active committee member for the Profit Sharing 401(k) Council of America, and teaches as an adjunct professor at DePaul University, as well as on behalf of the CFA Society of Chicago. In addition, he frequently writes and speaks on retirement industry and investing issues.

Mr. Falk graduated from the University of Illinois with a B.S. in Finance. He is also a CFA Charterholder, a member of the CFA Institute, and holds the CRC designation.

Michael N. Lindh, CFA is the current President of the CFA Society of Chicago and a Director of Investment Analysis and Research at Richards & Tierney. His current responsibilities include equity portfolio management, trading, compliance, and consulting. Prior to joining Richards & Tierney in 2001, Mr. Lindh was a Principal in the Analytic Research group at Harris Investment Management. His over 20 years of experience at Harris includes bond analytics, structured bond portfolio management, portfolio risk/return analysis, asset allocation, quantitative equity analysis/portfolio construction, and mutual fund analysis.

Mr. Lindh holds a BA in economics and accounting from Augustana College in South Dakota, an MA in economics from Northwestern University, and an MBA in finance from the University of Chicago. He also holds the CPA designation.

Ann Logue is a freelance writer, consulting analyst, and instructor at the University of Illinois at Chicago. She is the author of Hedge Funds for Dummies (Wiley, 2006), and has also written for Barron's, The New York Times, Newsweek Japan, Compliance Week, and the International Monetary Fund. Her current career follows 12 years of experience as an investment analyst.

Ms. Logue has a B.A. from Northwestern University, an M.B.A. from the University of Chicago, and she holds the Chartered Financial Analyst designation.

Members/guests who do not pre-register by 5pm, day before event, will be charged a $5 administrative fee at the door. This fee is in addition to the fee for attending the event.

Register online below, or call CFA Chicago at 312-251-1301

Content shared during CFA Society Chicago programs is not, and nothing in it should be construed as, an offer, invitation or recommendation of any specific financial services company or professional, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, any securities in any jurisdiction. By registering for and attending this event, you acknowledge that any photographs that may be taken are the property of CFA Society Chicago and give your consent to their use in CFA Society Chicago's online and print business communications and marketing.