CFA Society Indianapolis

A Member of the CFA Institute Global Network of Societies


 Take Note!


November Luncheon: Investing in Volatility

at Ruth's Chris Steakhouse - Ironworks Location!​​​​

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​Arjuna Ariathurai, FRM


​​Click here to register!

Please join us for a special luncheon November 29th at Ruth's Chris Ironworks (2727 E. 86th St.) for: Investing in VolatilityWith the rise of options trading and VIX trackers, there are more and more ways to invest in volatility. But depending on how volatility strategies are constructed and managed, they can produce very different results. Some may provide incremental income while others may serve as a portfolio hedge or generate uncorrelated returns.

In this session, LJM Funds Management will cover:
  • The characteristics of volatility as an asset class and how to invest in it
  • Correlated versus uncorrelated volatility strategies
  • The benefits and risks of short volatility and long volatility
  • The pros and cons of active versus passive volatility strategies
                         11:30am     Networking and Registration
                         12:00pm     Luncheon Begins
                         1:30pm       Luncheon Ends

                         Arjuna Ariathurai, FRM
                         Chief Risk Officer
                         LJM Funds Management

LJM's chief risk officer is Arjuna Ariathurai, FRM. Mr. Ariathurai is in charge of developing and executing firm risk policy as well as evaluating and enhancing current trading strategies and developing new trading strategies. Mr. Ariathurai joined LJM in March of 2012 after seven years as an owner and partner of proprietary trading firm, XO Capital LLC. Mr. Ariathurai has 21 years of experience in the financial industry, working for UBS, the CME and as an entrepreneur. He has extensive experience in asset pricing, trading and risk management, technology and quantitative analysis. Mr. Ariathurai holds a bachelor's degree in mathematics from Duke University and a Master of Business Administration with concentrations in analytic finance and accounting from the University of Chicago as well as a Master of Science in computer science from the University of Chicago. Mr. Ariathurai is registered with the CFTC as an AP and Principal of LJM and possesses his FINRA Series 3 license.
*free to CFA Indy members (if you use one of your two free lunches), $20 for members, $30 for non-members


​​Click here to register!



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2017 New Charterholder Ceremony

at Dallara IndyCar Factory in Speedway!​​​​

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​​Click here to register!​

Please join us in celebrating the accomplishments of our new CFA charterholders at a fun-filled event at Dallara IndyCar Factory (1201 Main St.) ​​on the near-west side on Wednesday, December 6th from 6:00p - 9:00p.  Best of all, the event is FREE for all members!

Bring your significant other or your friends for this incredibly non-finance-industry event (no finance speakers!) and enjoy a delicious meal from Johnathan Byrd's, an open beer / wine bar, and free IndyCar racing simulators!  Get your picture taken beside in one of the world's fastest cars and enjoy the wonderful facility.

After some brief but excellent comments from several past presidents of the CFA Society Indianapolis, we will recognize all new CFA charterholders and those who are charter-pending, as well.  It will be an amazing night!


​​Click here to register!




Compensation Survey Results are In!


These survey results contain a wealth of information about salaries, incentive pay, and other compensation for many different positions and education / experience levels in the financial industry.  As you evaluate your current compensation package, discuss the topic with potential new employers, or look to be competitive in the effort to attract new talent to your firm, this data could be invaluable in achieving a great outcome for all parties.

In addition, please take a look at the new Consolidated Report incorporating nearly 3,000 responses from all 20 CFA Societies that participated in the most recent compensation survey.  You'll find information on salary ranges, education, experience, and other factors broken down for 10 different market areas.


Consolidated Report       Indianapolis Report
Click here to access the consolidated report.                             Click here to access the Indianapolis report.


CFA Society Indianapolis is excited to release the results of our 2016 Financial Compensation Survey.  This in-depth look at compensation levels in our area was conducted with tremendous help from CFA Society Minnesota.

The reports summarize high-level survey findings in an easy-to-read format.  Feel free to share these reports with anyone who may benefit from it, including colleagues, hiring managers, professors, and so forth.  Also, if you sent this survey to anyone not involved with CFA Society Indianapolis, please forward this message to them, as we have no way to track who took the survey (it was completely anonymous).

In 2018, we hope to expand the survey to include a regional report with results from neighboring cities such as Cincinnati, Dayton, and Louisville.  Thank you for your interest, and continued involvement with CFA Indy!  Please contact us with any questions or feedback. 



The CFA Society of Indianapolis would like to congratulate the winner of the 2017 Local CFA Research Challenge – Butler University!


CFA Indy partnered with the CFA Society of Louisville on the local level competition.  Special thanks to the participating schools (listed below), John Watkins of the CFA Society of Louisville for serving as the Competition Chair, several CFA Indy volunteers (James Glueck, Brad Ferguson, Tony Huang, Bo Ramsey, Eric Thornburgh, Tom Evans, John Marske and Matt Henry), and our subject company: Cummins, Inc.

Best of luck to Butler at the Regional Finals in Seattle!

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Congratulations to our 2016 Forecast Challenge Winners!



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2016-2017 Annual Report

Click on the link below to download an Adobe PDF of our 2016-2017 Annual Report. This report covers the activities of the CFA Society of Indianapolis from July 2016 through June 2017 while the society was under the leadership of President Mitchell DePoy. Contained in the report:

  • President's Letter
  • Minutes from 2016 Annual Meeting
  • Secretary's Report
  • Scholarship Committee Report
  • Membership Committee Report
  • Treasurer's Report
  • Programming Report
  • Education and Outreach Activities
  • Compensation Survey Update
  • Sponsorship
  • Nominating Committee Report

Click to download 2016-2017 Annual Report PDF


CFA Society Indianapolis promotes ethical and professional standards within the investment industry, encourages professional development through the CFA Program, and facilitates the open exchange of information and opinions.

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The CFA Institute is a global, nonprofit member organization of financial analysts, portfolio managers, and other investment professionals.

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Why Choose a Charterholder?

No credential is as widely regarded in the global financial industry for its rigorous focus on current investment knowledge, analytical skill, and ethical standards as the Chartered Financial Analyst (CFA) designation. Learn more

 For Employers

Our members who possess the CFA charter can make a profound impact on your business or non-profit investment committee. By hiring a CFA charterholder, you’re hiring someone with unparalleled financial knowledge and communication skills as well as someone who’ll contribute to the integrity and credibility of your organization. To see how a local CFA charterholder, someone with the CIPM or Investment Foundations designations can bring Knowledge, Ethics, and Results to your organization, click her​e​. If you would like to learn more, we encourage you to email us.

 Annual Survey

Thank you for participating in the 2017 annual survey.  We are pleased to report that over 85% of respondents described themselves as “highly satisfied” with the member value being offered by CFA Indy.  We received a number of helpful suggestions for improvement and will work to implement many of them in the fiscal year beginning July 2017!

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For more information on our society, employer resources, or to connect with a CFA Charterholder, email us