The month of March started with a Professional Development talk by Mr Zach Gast, CFA. He led a discussion on the CFRA process for analyzing companies and detecting a few of the common financial tricks used to hide earning quality issues in financial statements. In another PD talk, Dr Peng Chen, CFA, covered three key aspects of incorporating dimensions of higher returns into equity portfolio management – economic foundation, empirical evidence and market implementation.
The Annual Forecast Dinner was held at the Asian Civilisation Museum. The dinner saw our esteemed panellists providing an evening of thoughtful insights and engaging discussion on the outlook, challenges and opportunities of the Asian economies for 2014 with the discussions leading back to Europe and the USA.
Two Advocacy events took place in March. The first event was a presentation by leading U.S. attorney, Mr Daniel Drosman. During the session , he not only examined the role of the rating agencies in the global financial crisis of 2007 and 2008, he also illustrated how his team of attorneys successfully held the rating agencies accountable in assigning AAA ratings to notes backed by subprime housing loans. The second event was a closed-door and invitation-only discussion was hosted by CFA Singapore and supported by CFA Institute. The event aimed to examine and debate what constitutes market fraud in the context of Singapore’s equity markets, how it happens, how it is detected, the role of enforcement in reducing such activities, whether any additional remedies are needed and if so, what these should be.
The month also saw the conduct the Asia Real Estate Investment and Finance Workshop by Mr Roy Ling, CFA and The Advanced Financial Modeling Series by Mr Hamilton Lin, CFA. One networking session was organized during the month at Kazbar, Capital Square. The month ended with a Career Seminar was held at the Chicago Booth Campus focusing on asset management. During the session, leading senior asset management professionals gave all participants insights on how to approach and plan for a career within the asset management industry.