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9/24/2018 7:30 AM9/24/2018 5:30 PM

​First Climate & ESG Asset Owner Summit

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CFAW is proud to sponsor one of the largest one-day gatherings of asset owner speaker representatives, by assets under management, in history.

The growing pressure from asset owners across the world is causing investment managers to take ESG investing seriously. Newcomers are actively trying to understand what we mean by ESG and early adopters are continually looking for ways to stand out amongst the crowd to demonstrate their ESG and climate-risk-mitigation expertise to asset owners. To help their members, PRI, CFA Institute, CFA Society New York and twenty-three other CFA societies embarked on global ESG integration study in 2017. The preliminary findings of this study identified client demand as a major driver of ESG integration, both in equity investments and fixed income investments. During this event, we will be launching the Americas report and revealing some of the findings from the study. You will also be hearing from influential asset owners across the Americas, Africa, APAC and Europe on their ESG expertise and their expectations of their external managers.

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Speakers

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Paul Smith, CFA

CEO, CFA Institute


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Head of Americas, Principles for Responsible Investments


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Director-General of the World Pensions Council (WPC) & Advisory Board Member, World Bank Global Infrastructure Facility (WB GIF)

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Head of Institutional Investors, World Economic Forum

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Head of Public Markets, Principles for Responsible Investment

Director of Capital Markets Policy, CFA Institute

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Chief Executive Officer, Africa Investor (Ai) Group & Chairman, CFANY Asset Owner Advisory Board

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Managing Director, Principles for Responsible Investment

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Head of Climate Change at IDB Invest

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Managing Executive Officer, Regional CEO for the Americas and Europe at Nippon Life Insurance Company
  
9/26/2018 7:00 PM9/26/2018 9:00 PM

​This is a Member Organized Event

This is a Level I candidates meet and study get together.

Dan Day and Tasha Sidhu will try and attend as often as possible to provide mentorship/advice/tutoring. 

This meet and study group is also looking for other interested mentors who have passed Level III to help out as well.​

  
9/27/2018 12:00 PM9/27/2018 2:00 PM

Indexing vs Alternatives, the Not-so-Obvious Truths

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As the equity markets in the US approach their 9th year of a positive trend, investing in an S&P 500 index fund would have returned you 10.16% over the last 10 years and now costs around 4 basis points to access. This seemingly “low hanging fruit” is causing pain for alternative investments and strategies. 
 
On Thursday, September 27th, 2018 come investigate with us, the current environment for alternatives and whether they should or shouldn’t be included in investor portfolios.​

Learning Objectives:
  1. Examine the viability of alternatives in a portfolio 
  2. Determine the impact that indexing proliferation has had on alternatives 
 
Who Should Attend? 
  • Portfolio managers 
  •  Financial advisors 
  •  Analysts 
  • CFOs 
Speaker
Senior Investment Strategist, Vanguard Investment Strategy Group
 
Chris Tidmore, CFA, is a senior investment strategist in Vanguard Investment Strategy Group, where he leads the team that conducts research and provides thought leadership on issues related to active management. Before joining Vanguard in 2015, Chris managed the Geneva Arbitrage Fund, which focused on event-driven investment strategies. Chris has developed and taught courses in financial accounting, financial statement analysis, asset valuation, equity derivatives, trading, portfolio management, alternative investments, and CFA® and CPA review. He earned a B.S. in accounting at the University of Delaware, and is a CFA charterholder, CPA, and past president of the CFA Society of Philadelphia.

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Chief Investment Strategist, Keel Point

Dr. Steven L. Skancke is Chief Investment Strategist at Keel Point, a $2.5 billion wealth management firm. Prior to 2007, Dr. Skancke was for 24 years a merchant banker with former Treasury Secretary G. William Miller in Washington DC advising U.S. and international individuals and institutions with assets of $100 million to $200 billion. 

From 1969-1984, Dr. Skancke served on the White House National Security Council staff of Presidents Nixon and Ford and on the U.S. Treasury and White House Cabinet Council on Economic Affairs teams of Presidents Carter and Reagan.  

Dr. Skancke has been a GWU Adjunct Professor of Economics and International Affairs teaching a graduate course in international trade and finance.  He is the co-author of two books on business productivity and profitability. He previously taught at American University and lectured for Practicing Law Institute and Banking Law Institute. He has his BA (International Affairs), M.Phil and Ph.D (Economics) from GWU. 

Dr. Skancke chairs or chaired: GWU’s Elliott School of International Affairs Board of Advisors, The Falls Church Fellows, The Fellows Initiative and American Near East Refugee Aid.  He grew up in South Dakota, is married 43 years and with his wife Nancy has two children and three grandchildren.

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Lowell H. Yura, CFA
Head of Multi - Asset Solutions North America in the Multi - Asset Division, 
T. Rowe Price

Lowell Yura is the head of Multi-Asset Solutions-North America in the Multi-Asset Division of T. Rowe Price. Mr. Yura and his team engage clients and prospects in North America in consultative discussions to identify how T. Rowe Price can best meet their investment needs and objectives through the firm's broad equity, fixed income, and asset allocation investment capabilities. Mr. Yura is a vice president of T. Rowe Price Associates, Inc., and T. Rowe Price Group, Inc.

Mr. Yura has 20 years of investment experience. Prior to joining T. Rowe Price in 2017, he was managing director and head of Multi-Asset Solutions for BMO Global Asset Management in Chicago. Prior to BMO, Mr. Yura was managing director, head strategist of Americas and UK for Global Investment Solutions at UBS Global Asset Management. Earlier in his career, Mr. Yura was a consulting actuary at Towers Perrin and an investment consultant at Mercer. He has extensive experience in the design and management of investment solutions across a range of markets. His background includes responsibility for global balanced, global tactical asset allocation, liquid alternative, and overlay strategies for U.S. mutual funds and separate accounts. Mr. Yura has also been a frequent speaker at industry conferences and through media channels, such as Bloomberg and CNBC.

Mr. Yura earned a B.S. in actuarial science from the University of Illinois at Urbana-Champaign and an M.B.A. from the University of Chicago, Booth School of Business. He also has earned the Chartered Financial Analyst and Associate of the Society of Actuaries designations.

**Lunch will be provided for this event.
  
10/3/2018 7:00 PM10/3/2018 9:00 PM

This is a Member Organized Event

This is a Level I candidates meet and study get together.

Dan Day and Tasha Sidhu will try and attend as often as possible to provide mentorship/advice/tutoring. 

This meet and study group is also looking for other interested mentors who have passed Level III to help out as well.​

  
10/4/2018 8:30 AM10/4/2018 9:30 AM

​Lessons from the Third Wave of Investing: 

Machine Learning and Alternative Data

CFAW is plesed to bring you this webinar

In the evolution of investing, the first two "waves" are behind us, and we are in the midst of the third. What are the characteristics of the third wave, and what strategies can help improve investment outcomes as we ride this wave? 

Topics: Fintech 
Hosted by CFA Institute

Overview

The evolution of investing can be divided into three “waves,” according to Michael Weinberg, CFA. The first and second waves of “fundamental discretionary” and “quantitative” investing, respectively, have been followed by an emerging third wave that involves sophisticated computing techniques and leveraging the power of machines. Strategies in the third wave are a confluence of 5 factors: 1) The exponential growth of data, 2) Data science, 3) Machine learning, 4) Record-low processing and storage costs, 5) Playing close to the information edge. 

In this webinar, we will cover the following:

  • How can the confluence of five factors assist with better investing outcomes?
  • What traits are typical of the best and worst third-wave managers from an investment due- diligence perspective?
  • How does one differentiate between third-wave managers, and second-wave managers--traditional computational finance managers?
  • What are the skill sets and the learning required to become a third- wave manager?
This webinar offers 1 CE

CFA Institute members can claim CE credit by providing their CFA Institute ID number when registering. 

Speakers
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Michael Oliver Weinberg, CFA

Michael Oliver Weinberg, CFA, Chief Investment Officer, and Senior Managing Director of MOV37 and Protégé Partners, has 25 years of experience investing directly at the security level, and indirectly as an asset allocator in traditional and alternative assets. His portfolio management experience includes Soros Fund Management LLC, Credit Suisse First Boston, and FRM. Weinberg received an MBA from Columbia Business School, where he is now an Adjunct Professor of Finance and Economics, and a BS in Economics from New York University.

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Shreenivas Kunte, CFA

Shreenivas Kunte, CFA, is director of content at CFA Institute, where he contributes financial market insights about India and the developed world. Previously, he taught at and managed SP Jain’s Trade and Applied Research lab, which he helped found. Kunte also served as a country trading strategist at Citigroup’s Tokyo office. He actively contributes to the development sector in India and is an external research scholar at the Indian Institute of Technology Bombay.

  
10/4/2018 12:00 PM10/4/2018 2:00 PM

The Hidden Job Market: Managing Your Career over the Long Haul!

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Most of us change direction, firms or positions several times over a career and the amount of change in an individual career continues to grow.  Today, it is rare to hear of one person stay in one company for a life time.  But, even that person needs to be thoughtful about identifying internal growth opportunities as well as outside possibilities.
 
On Thursday, October 4th, 2018, this event will provide useful perspective and food for thought,  for both individuals in job search mode now, and  for those of us who want to be ready to move when we decide it is time. Not when our boss or boss’s boss decides it is time.  
 
Many jobs are never posted until after the hiring manager has identified the favored candidate.  This  strategy is about developing  & nurturing relationships, connections and resources throughout your career so you hear about a job before you get the pink slip, before you are completely bored or passed over or miss the high end of the bonus pool.  When you know it is time to leave.  

The goal is to encourage each of us to be savvy about out career and the resources we need to build  into our everyday way of operating so we have resources in place when we need or want them.  
 
Learning Objectives:
  1. Defining the hidden job market.
  2. Discussing the four ways to get interviews.
  3. Developing job targets.
Who Should Attend?
  • Anyone interested in managing their career with a thoughtful long term perspective.

Speakers

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Celia Currin is an Executive and Career Coach building on over 25 years of broad general management experience and strong interpersonal skills.  She works with senior executives interested in developing new leadership and effectiveness skills.  In her career coaching practice, she works a wide range of clients at every career stage, across industries and specialties.  
 
She has an Executive Coaching Certification from iCoach New York through Baruch College Zicklin Graduate School of Business and a Career Coaching Certification through The Five O’Clock Club/GetFive organization.  She is certified to administer both the EQi2.0 Emotional Intelligence and Myers Briggs Personality Type Indicator Assessments.
 
Ms. Currin started her career as a writer for Forbes Magazine followed by a foray into product management at the International Paper Company where she fell in love with manufacturing.  She spent the bulk of her corporate career at Dow Jones/The Wall Street Journal with senior roles in Marketing, Sales, HR and Operations.   
 
She is board president of Poets & Writers, the largest non-profit organization serving creative writers.  She is an outside director and chair of the compensation committee for Lincoln Educational Services Inc., (NASDAQ: LINC), a leading for-profit provider of career-oriented post-secondary education.   Presently Celia serves as co-chair of the Harvard Business School Club of New York Career and Professional Development Committee.  She has served as vice-chair of the NYC chapter of MENG (Marketing Executives Networking Group) and 5 years on the Board of Advertising Women of New York, including a stint as first vice-president.

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Shep Buckman, CFA
Senior Portfolio Manager, United Wealth Management​​​

Shep Buckman is a Senior Portfolio Manager with United Wealth Management. Prior to joining United, he worked as a Senior Portfolio Manager and Wealth Advisor for UBS Financial Services and as a Financial Advisor at Morgan Stanley. Shep’s investment experience and philosophy have been honed through his studies to obtain both his CFA® and CMT® designations. Shep earned his MBA in Finance from Johns Hopkins University and a B.S. in Business Administration from Washington & Lee University.

  
10/9/2018 6:00 PM10/9/2018 8:00 PM
​A Special Evening Recognizing CFAW's New Charterholders

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Each year, the CFA Society of Washington DC, (CFAW) celebrates the hard work, sacrifice, and dedication of those who have earned their CFA designation. 

On Tuesday, October 9, 2018, join us for a very spectacular evening as we present CFAW’s newest charterholders with their ceremonial CFA charters. Matt Malone, CFA of FS Investments and CFAW’s Chair, will be introducing the new charterholders.  Following the ceremony, there will be a reception with hosted appetizers, a chance for new charterholders to take photos and network with fellow society members.

This special event happens only once a year and is something you won't want to miss.
Recurring Event
  
10/10/2018 7:00 PM10/10/2018 9:00 PM

This is a Member Organized Event

This is a Level I candidates meet and study get together.

Dan Day and Tasha Sidhu will try and attend as often as possible to provide mentorship/advice/tutoring. 

This meet and study group is also looking for other interested mentors who have passed Level III to help out as well.​
  
10/13/2018 1:00 PM10/13/2018 5:00 PM

The Ultimate Washington DC Treasure Hunt

This is a member organized event

Yes. This event is a Treasure Hunt across Washington DC’s rich heritage of financial history and landmarks. Participants will be placed into groups of four to six members. The groups will receive clues via text message. Once the group sends a picture of the correct landmark to the organizers, it will receive its next clue, and so on. Participants are encouraged to bring bicycles, but a group may choose to complete the hunt via Uber or by foot. The organizers will place groups according to their transportation preferences. Therefore, when members RSVP for the event, they must be asked for their choice of transportation (bicyle, ride-share, or by foot). There will be a token award for the group that completes the hunt in the shortest amount of time. 
  
10/16/2018 8:00 AM10/16/2018 1:30 PM

Presented by the CFA Society of Washington, DC Women's Investment Network​

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Tuesday, October 16 | 8:00AM – 1:00PM
George Washington University Marvin Center

 
Diversity and inclusion are critical to the success of the investment profession. Whether male or female, all are welcome to attend this conference to join in the discussion and help the industry move forward.

 
Research shows that diversity improves business results for clients, teams, firms, and employees. Firm cultures with a more inclusive environment prove to be more innovative. An industry that hears and embraces many voices and perspectives will shape better investment outcomes and a stronger future for the investment profession.

 
Women specifically continue to be underrepresented at every level and in every function of investment management. Further, women represent less than one in five CFA charterholders. This conference will explore employment trends, share what organizations and leading investment firms in the industry are doing to close the gap, and provide career guidance and advice to women and other underrepresented groups in investment management. 

Click here to register

 _____________________________________________________________________________

AGENDA

8:00 AM | CHECK-IN & CONTINENTAL BREAKFAST

_____________________________________________________________________________

8:30 AM | CONFERENCE WELCOME

MATTHEW MALONE, CFA – Board Chair, CFAW; Senior Vice President, FS Investments

CHRISTINE SONG, CFAFounder, CFAW Women's Investment Network, Founder & Mid-Cap Portfolio Manager, Songbird Asset Management, LLC

____________________________________________________________________________

8:35 AM | STATE OF THE INDUSTRY & THE CFA INSTITUTE'S WOMEN IN FINANCE INITIATIVE

LAUREN FOSTER - Co-Founder, Women in Investment Management Initiative, CFA Institute

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8:50 AM | GENERAL SESSION - How are firms working to encourage women and other under-represented groups to work in the investment industry?

Moderator:
CHRISTINE SONG, CFAFounder, CFAW Women's Investment Network, Founder & Mid-Cap Portfolio Manager, Songbird Asset Management, LLC

Panel:
ESTHER CHANCE Head of Front Office Operations, Investment Administration, Invesco LAUREN FOSTER - Co-Founder, Women in Investment Management Initiative, CFA Institute
BRIE WILLIAMS Head of Practice Management, State Street Global Advisors | Global SPDR Business

______________________________________________________________________________

 

9:35 AM | BREAK

______________________________________________________________________________

9:45 AM | CONCURRENT PROFESSIONAL DEVELOPMENT BREAKOUT SESSIONS (Choose One)

Establishing Presence

REBECCA SHAMBAUGH – President & CEO, Founder of Women in Leadership & Learning, SHAMBAUGH Leadership


 

Negotiating Strategies that Get You Ahead

AVA J. ABRAMOWITZ – Professorial Lecturer in Law, George Washington University Law School


 

Managing the Impact of Behavioral Biases on Investment Decisions 

LARA COVIELLO, CFA – Executive Director, FS Investments

______________________________________________________________________________

10:45 AM | BREAK

______________________________________________________________________________

11:00 AM | KEYNOTE - Striking the Self-Promotion Balance: Demonstrating your Value Without Being the Obnoxious Person in the Room

DEBBIE EPSTEIN HENRY – Founder, DEH Consulting, Speaking, Writing; Co-Founder, Bliss Lawyers

______________________________________________________________________________

12:00 PM | CLOSING COMMENTS

MATTHEW MALONE, CFA – Board Chair, CFAW; Senior Vice President, FS Investments

CHRISTINE SONG, CFAFounder, CFAW Women's Investment Network, Founder & Mid-Cap Portfolio Manager, Songbird Asset Management, LLC

______________________________________________________________________________

12:05 PM | BOXED LUNCH & NETWORKING


Learning Objectives

  • Outline the current engagement landscape of women in investment management
  • Explore how to enhance collaboration with a diverse client base
  • Understand the potential challenges facing women in this industry
  • Gain practical career management tips that can be implemented immediately
  • Learn how to demonstrate your personal value to others

Who Should Attend

  • Entry to mid-level investment management professionals
  • Students considering a career in investment management
  • Senior management or firm owners seeking to diversify their team
  • Those seeking to increase their personal presence and brand

Note
No walk-ins permitted.

Dress Code: No jeans allowed; business attire recommended

Thank you to our Sponsor

Recurring Event
  
10/17/2018 7:00 PM10/17/2018 9:00 PM

This is a Member Organized Event

This is a Level I candidates meet and study get together.

Dan Day and Tasha Sidhu will try and attend as often as possible to provide mentorship/advice/tutoring. 

This meet and study group is also looking for other interested mentors who have passed Level III to help out as well.​
Recurring Event
  
10/24/2018 7:00 PM10/24/2018 9:00 PM

This is a Member Organized Event

This is a Level I candidates meet and study get together.

Dan Day and Tasha Sidhu will try and attend as often as possible to provide mentorship/advice/tutoring. 

This meet and study group is also looking for other interested mentors who have passed Level III to help out as well.​
  
10/25/2018 5:30 PM10/25/2018 7:30 PM

​CFAW Happy Hour - Arlington

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Fall is here and what better way to enjoy the cool weather with a nice pint of beer or a glass of wine at CFA Society Washington, DC’s (CFAW) Networking Happy Hour Series. CFAW’s third happy hour will be held at Whitlow’s on Wilson

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Join us and your fellow members for some hosted appetizers, special drinks (cash bar), catching up and networking. No leaves without having a wonderful time.

If you plan to attend, registration in advance is much appreciated (so we can make sure that there is plenty of food for everyone).

  
10/27/2018 8:00 AM10/27/2018 4:30 PM
CFA Boston Society Practice Exam - Level 1​

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CFAW is pleased to offer CFA® candidates the opportunity to take the practice exam prepared by the CFA Society Boston.

For many years, CFA Boston has created highly-regarded, full-day practice exams for the three levels of the CFA® exam. CFA Boston's exam is all new each year, based on the most recent CFA® Candidate Body of Knowledge®.

This practice exam has proven to be a valuable study tool for candidates in the Washington, DC area for many years. The exam is designed to provide experience dealing with exam questions in a timely fashion under test conditions and to highlight strengths and weaknesses.

The practice exam will be administered on Saturday, October 27th at American University - Kogod School of Business. Candidates will take the exam under conditions designed to simulate the actual CFA® exams. CFAW will not grade the exams, but will provide the CFA Boston answer key at the end of the testing session for candidates to evaluate their own performance.

CFAW reserves the right to cancel the CFA Boston practice exam in the event of inadequate pre-enrollment. In such a case, all pre-paid fees will be refunded in full.

Time: Registration begins at 8:00am

           Exam begins promptly at 9:00am

Member cost: $60

Student/Guest member cost: $60

Non member cost: $70

NOTE: For the real exam in December, CFA Institute requires an international travel passport from every candidate. This policy applies to all new and returning candidates, and is strictly enforced. Please be sure to read the CFA program's identification policy here.
Recurring Event
  
10/31/2018 7:00 PM10/31/2018 9:00 PM

This is a Member Organized Event

This is a Level I candidates meet and study get together.

Dan Day and Tasha Sidhu will try and attend as often as possible to provide mentorship/advice/tutoring. 

This meet and study group is also looking for other interested mentors who have passed Level III to help out as well.​
Recurring Event
  
11/7/2018 7:00 PM11/7/2018 9:00 PM

This is a Member Organized Event

This is a Level I candidates meet and study get together.

Dan Day and Tasha Sidhu will try and attend as often as possible to provide mentorship/advice/tutoring. 

This meet and study group is also looking for other interested mentors who have passed Level III to help out as well.​
  
11/10/2018 8:00 AM11/10/2018 4:30 PM
Schweser Mock CFA® -  Level 1 Mock Exam

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Now that you have prepared and practiced for the CFA® exam, you are ready to perform and put your skills and knowledge to the test. The Live Schweser Mock Exam is as close to the actual CFA exam in format, difficulty, and length as we can make it. The Mock Exam helps develop your test-taking skills, identify your weak areas, and demonstrate your mastery of the CFA curriculum. Afterward, view answer explanations, check your score compared to those of other candidates, and drill deeper into each question with our Mock Exam Tutorial.

The Live Schweser Mock Exam includes:

  • Fully proctored and timed 6-hour exam (two 3-hour sessions)
  • CFA Institute topic weightings
  • Printed answer key and online answer explanations
  • Online scoring and performance tracking with a comparison to other Mock Exam takers
  • LOS and CFA curriculum page references for every question
  • Included Mock Exam Tutorial
Simply click on any question you missed and get an audio and whiteboard explanation of the CFA curriculum material on which the question is based. With approximately 10 hours of targeted instruction at each level, this is the most effective way to fill in the gaps in your knowledge just prior to exam day.

NOTE: For the real exam in December, CFA Institute requires an international travel passport from every candidate. This policy applies to all new and returning candidates, and is strictly enforced. Please be sure to read the CFA program's identification policy here.
  
11/13/2018 4:00 PM11/13/2018 6:00 PM
Tax-Exempt Tact: 
An Examination of Munis in the New Tax Regime
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Are Municipal bonds a portfolio “must” or “bust?” While they don’t often garner the attention of equities and higher-yielding parts of the bond market, munis may be an effective sub-asset class for maximizing after-tax returns. The features of municipal bonds tend to be less homogenous, less efficiently priced and tend to have higher optionality than taxable bonds. To make matters more complex, the game board has recently shifted with new changes to the American tax code.
 
On Tuesday, November 13, 2018, come join Craig Pernick, Senior Managing Director from Chevy Chase Trust and Michael J. Stafford Jr., CFA, Managing Director from ASB Capital Management discuss the ins and outs, of the Municipal Bond market. Although taxes are boring, laws and regimes can change overnight. Learn about the fundamentals of the municipal bond market and make your own decision. 
 
Learning Objectives:
  1. Underpinnings of the Municipal Bond Market
  2. Tax implications
  3. Supply/demand issues
Who Should Attend?
  • RIA Employees
  • Portfolio Managers & Analysts
  • Tax Advisors
Speakers
Senior Managing Director, Chevy Chase Trust
 
Craig manages the fixed income investment strategies for Chevy Chase Trust and provides wealth management advice. Additionally, Craig oversees the trading of tax exempt and taxable fixed income assets. Craig has special knowledge of municipal and corporate bond trading and analysis with more than three decades in investment management.
 
Prior to joining Chevy Chase Trust in 2008, Craig managed fixed income portfolios at Asset Management Inc., an independent investment management company where he worked for six years. Craig also worked for sixteen years in institutional fixed income sales and trading with R.W. Corby and Co. and Artemis Capital.
 
Craig earned his undergraduate degree from the University of Michigan and a Masters in Business Administration from Wayne State University. He serves on the Board of Trustees of the Montgomery County, Maryland Public Schools Retirement System Trust and Other Post-Employment Benefits (OPEB) Trust and is on the Investment Committees of The Community Foundation for the National Capital Region and The Bethesda-Chevy Chase Rescue Squad. Additionally, Craig is an emergency medical technician volunteer with the Bethesda-Chevy Chase Rescue Squad.

 
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Michel J. Stafford, Jr., CFA​
Managing Director, ASB Capital Management LLC
 
Mr. Stafford is Managing Director and Director of Fixed Income Investments for ASB Investment Management. He has 30 years of experience in the institutional investment business, including serving as the Chief Investment Officer of The St. Paul’s (now Travelers) life insurance subsidiary. Mr. Stafford is a CFA charterholder, a past president and director of The Baltimore Security Analysts Society and has taught investment analysis in the MBA program at Johns Hopkins University. He is a trustee of the Maryland State Retirement System and serves on the board of the Charlestown Retirement Community. Mr. Stafford is a graduate of Georgetown University and earned an MBA from Loyola Maryland University.
Recurring Event
  
11/14/2018 7:00 PM11/14/2018 9:00 PM

This is a Member Organized Event

This is a Level I candidates meet and study get together.

Dan Day and Tasha Sidhu will try and attend as often as possible to provide mentorship/advice/tutoring. 

This meet and study group is also looking for other interested mentors who have passed Level III to help out as well.​
  
11/15/2018 9:00 AM11/16/2018 5:00 PM

Credit Risk Modeling in Excel & VBA: Default Risk and Prepayment Modeling

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Course Goals & Overview:
This course provides an in-depth introduction to credit risk.  Techniques for modeling credit transition matrices are covered in great detail, while several statistical techniques for modeling default probabilities and correlations are explored in depth.  Methodologies for modeling credit portfolio risk are covered, including the asset value approach and the structural approach.  Prepayment models are developed for Mortgage-Backed Securities (MBS).  All models are developed in Excel/VBA.
 
Learning Objectives:
 
  • Excel - learn several of Excel's specialized functions.  Understand how to use Excel's add-in tools to implement advanced statistical techniques, such as regression analysis.  Learn how to use Solver, Excel's optimization package.
  • Visual Basic for Applications (VBA) - learn the fundamental programming structures of the VBA language, and how it can be used to extend Excel's capabilities.
  • Statistical foundations - learn to implement Monte Carlo simulation using Excel/VBA.  Learn techniques for improving the speed of convergence, including importance sampling and low-discrepancy sequences.  Understand the binomial and Poisson distributions.  Learn the fundamental principles of linear regression analysis, as well as Poisson regression.  Understand the maximum likelihood and method of moments approaches to statistical estimation.
  • Merton's model – understand Merton's model of credit risk; learn how it is related to the Black-Scholes model and how it can be used to compute default probabilities.
  • Credit ratings transition matrices - understand the structure of a transition matrix.  Learn how to estimate a transition matrix with the cohort approach and the hazard rate approach.
  • Estimating default probabilities and correlations - understand how to use linear regression analysis to estimate default probabilities.  Learn how to apply Poisson regression to estimate default probabilities.  Understand how the asset value approach can be used to estimate default correlations using the method of moments approach and maximum likelihood approach.
  • Credit portfolio risk models - understand different approaches to modeling credit portfolio risk.  Learn how to use Monte Carlo and Quasi-Monte Carlo simulation to implement the asset value approach.  Learn how the structural approach is used to explain the sources of credit risk, and how it can be implemented as an extension of the Black-Scholes option pricing model.
  • Prepayment modeling – understand the structure of Mortgage-Backed Securities (MBS) and MBS derivatives, such as Interest-Only (IO) strips and Principal-Only (PO) strips.  Understand different measures of prepayment speed, such as Single Monthly Mortality (SMM), Conditional Prepayment Rate (CPR) and Absolute Prepayment Speed (ABS).  Learn how to implement these measures in Excel.
Course Sections:
 
  • Implement statistical foundations, including Monte Carlo simulation using built-in native Excel functions and tools
  • Understand the structure of a credit ratings transition matrix and estimate using the cohort approach and the hazard rate approach
  • Estimate default probabilities and correlations, using Merton's model of credit risk, linear & Poisson regression analysis, the asset value approach (method of moments and maximum likelihood approaches)
  • Simulate and model prepayment rates, incorporating the structure of MBS & related derivatives, including IO and PO strips
  • Model different measures of prepayment speed, such as Single Monthly Mortality (SMM), Conditional Prepayment Rate (CPR) and Absolute Prepayment Speed (ABS)
  • Utilize Excel's specialized functions, including advanced statistical techniques, and Excel's built-in optimization tools
  • Code in Excel VBA: learn the fundamental programming structures and how it can be used to extend Excel's capabilities in Credit Risk Modeling
**IMPORTANT - PLEASE NOTE**
 
To maximize the educational value of these programs, we strongly recommend that you have an intermediate understanding of Excel. Lack of basic Excel skills will impede your ability to effectively acquire and implement the techniques and shortcuts that are presented in this program.  Our courses are extremely interactive, hands-on with intensive focus on Excel shortcuts and efficiency.
 
Bring a PC laptop with Microsoft Excel installed, and a working USB port (in case our email containing in-class materials gets lost in your junk/spam folder, we can distribute them via flash drive). If you can only bring a Mac, please avoid Office 2008 and ideally set up a Windows environment via Boot Camp, Parallels, or VMware.
Recurring Event
  
11/21/2018 7:00 PM11/21/2018 9:00 PM

This is a Member Organized Event

This is a Level I candidates meet and study get together.

Dan Day and Tasha Sidhu will try and attend as often as possible to provide mentorship/advice/tutoring. 

This meet and study group is also looking for other interested mentors who have passed Level III to help out as well.​
Recurring Event
  
11/28/2018 7:00 PM11/28/2018 9:00 PM

This is a Member Organized Event

This is a Level I candidates meet and study get together.

Dan Day and Tasha Sidhu will try and attend as often as possible to provide mentorship/advice/tutoring. 

This meet and study group is also looking for other interested mentors who have passed Level III to help out as well.​
  
12/12/2018 8:00 AM12/14/2018 5:00 PM

Financial Valuation and Modeling Seminar

CFA Washington is pleased to offer, in partnership with Wall Street Prep, one of Wall Street Prep's most popular courses to equip busy professionals and students with the financial skills they need on the job.

During this intensive 3-day training, participants will learn financial and valuation modeling in Excel using a hands-on, case-study approach. Modeling methodologies covered include financial statement modeling, valuation & DCF modeling and trading & transaction comps modeling. Instructors are all practitioners (investment bankers, equity research analysts, etc.) with a passion for teaching and years of directly relevant real-world experience.

What is included:

  • Comprehensive training materials (manuals and online exercises)
  • Detailed, reusable, modifiable Excel model templates
  • Unlimited email support for content-related questions for 12-months post-seminar
  • Access to additional online modules (crash course in Excel, M&A and LBO Modeling video lectures)
  • Certification in Financial and Valuation in Modeling (upon successful completion of online Certification Exam)
  • 27 CPE credits and 35 PD credit
  • Wall Street Prep certification exam, upon successful completion of course and online modules

What is needed from you:

  • Participants should have basic knowledge of Excel and solid financial accounting fundamentals
  • Participants will need to bring with them to the course a laptop with Excel, version 2003 or higher
  
12/12/2018 6:00 PM12/12/2018 8:00 PM

​CFAW Holiday Party

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Bring in your holiday spirit on Wednesday, December 12, 2018 and join your fellow CFA Society Washington, DC members for a celebration at the Top of the Town in Arlington, VA. 

Enjoy the evening with a spectacular panoramic view of Arlington, Virginia and Washington, DC, while catching up or networking with other fellow CFAW members with Festive cocktails and hors d'oeurves.

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This event is free for CFAW members and we hope to see you there.
 
*For best results, please use Chrome as your Browser for Registration.
  
1/15/2019 9:00 AM1/16/2019 5:00 PM
Introduction To Data Science & Python for Finance

Intro to Data Science.png

The amount of data available to organizations and individuals is unprecedented. Financial services sectors, including securities & investment services and banking, have the most digital data stored per firm on average. Finance companies that want to maximize use of this available data require professionals who have a keen understanding of data science and know how to use it to solve meaningful business challenges.

This two-day, hands-on course provides a structured teaching environment where attendees learn the Python programming language as a powerful tool to conduct robust data analyses on finance-related data sets. At the end of the workshop, course participants will have applied the Python programming language and essential data analysis techniques to practical programming exercises to gain experience solving challenging finance-related problems.

Specific area in finance where data science skills acquired from this course can be effectively applied include: sentiment analysis, advanced time series analysis, risk management, real-time pricing and economic data analysis, customer segmentation analysis, and machine learning algorithm creation for financial technologies.

No prior programming experience required.

Learning Objectives:

  • Learn basic foundations in programming and data science
  • Receive an overview of state-of-the-art data science and machine learning methods
  • Discover how finance professionals can use data science to solve real-world problems
  • Understand the advantages of data science and specific analytical methods
  • Obtain hands-on Python programming experience
  • Understand effective data visualization techniques using Python
  • Ability to hit the ground running with executing core data tasks by the end of the course
Who Should Attend?

  • Investment professionals
  • Quantitative traders
  • Event-driven fund managers
  • PE/VC investors
  • Traditional asset managers​
  • Fintech entrepreneurs and/or product managers
  • FP&A and strategy professionals at corporations
  • PE portfolio company operators
  • Private wealth managers
  • Economists
  • IT and tech professionals at financial institutions
  • Management consultants​
Please Note: Participants will need to bring a laptop with them to the course.
  
5/21/2019 9:00 AM5/22/2019 5:00 PM

​ Introduction To Data Science & Python for Finance

Intro to Data Science.png

The amount of data available to organizations and individuals is unprecedented. Financial services sectors, including securities & investment services and banking, have the most digital data stored per firm on average. Finance companies that want to maximize use of this available data require professionals who have a keen understanding of data science and know how to use it to solve meaningful business challenges.

This two-day, hands-on course provides a structured teaching environment where attendees learn the Python programming language as a powerful tool to conduct robust data analyses on finance-related data sets. At the end of the workshop, course participants will have applied the Python programming language and essential data analysis techniques to practical programming exercises to gain experience solving challenging finance-related problems.

Specific area in finance where data science skills acquired from this course can be effectively applied include: sentiment analysis, advanced time series analysis, risk management, real-time pricing and economic data analysis, customer segmentation analysis, and machine learning algorithm creation for financial technologies.

No prior programming experience required.

Learning Objectives:

  • Learn basic foundations in programming and data science
  • Receive an overview of state-of-the-art data science and machine learning methods
  • Discover how finance professionals can use data science to solve real-world problems
  • Understand the advantages of data science and specific analytical methods
  • Obtain hands-on Python programming experience
  • Understand effective data visualization techniques using Python
  • Ability to hit the ground running with executing core data tasks by the end of the course
Who Should Attend?

  • Investment professionals
  • Quantitative traders
  • Event-driven fund managers
  • PE/VC investors
  • Traditional asset managers​
  • Fintech entrepreneurs and/or product managers
  • FP&A and strategy professionals at corporations
  • PE portfolio company operators
  • Private wealth managers
  • Economists
  • IT and tech professionals at financial institutions
  • Management consultants​
Please Note: Participants will need to bring a laptop with them to the course.
  
6/26/2019 9:00 AM6/26/2019 5:00 PM
Advanced Data Science & Machine Learning 

with Python for Finance

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Course Goals and Overview:

This hands-on data science course is a sequel to the Introduction to Data Science for Finance workshop. Advanced Data Science for Finance will provide an overview of modern machine learning algorithms that analysts, portfolio managers, traders and chief investment officers should understand and in a context that goes beyond a broader level introductory class in data science. Classification methods are touched upon in the introduction course, but the Advanced Data Science for Finance course focuses exclusively on this highly demanded and rapidly adopted segment of data science and machine learning.

This course will explore advanced classification methods including neural networks and decision trees which are among the most effective data science techniques. This workshop also provides an introduction to deep learning, a technique which has significantly increased the performance of machine learning algorithms over the last years and is heavily used in the financial services industry. Deep learning utilizes algorithms and methods that perform in a similar manner to the human brain. According to Gartner, 80% of data scientists will be competent in deep learning and deep learning will be utilized in a much larger role in different forms of predictive analytics across all functional areas of business including finance and markets.

At the end of the workshop, participants will be comfortable applying the Python programming language to build common classification algorithms and evaluate & interpret their accuracies in the context of finance.

Learning Objectives:

  • An overview and specific focus on core classification methods and how to use them to solve real-world problems in the finance industry.
  • Aims to provide attendees with a high level understanding and working knowledge of highly coveted artificial intelligence areas including deep learning and neural networks and their direct application to the field of financial analysis and capital markets.
  • Provide attendees that work in the finance industry with the ability to evaluate and select from a variety of classification methods and tools as these techniques continue to be adapted and implemented at an ever increasing rate.
  • Further and more advanced hands-on Python programming experience beyond the introduction course.
Who Should Attend:

  • Individuals working with or needing to understand machine-learning algorithms, specifically classification methods.
  • Graduates of the Introduction to Data Science for Finance course. The introduction course or equivalent is a prerequisite.
Course Sections:

Review of Core Data Science Methods

  • Supervised vs. Unsupervised learning, Classification, Regression, Clustering, Dimensionality Reduction, Ensemble, etc.
Selecting Informative Attributes

  • Information gain and entropy, overfitting/generalization
Decision Trees &  Random Forests

  • What is it
  • How to do this in Python?
  • Coding Challenge
K-Nearest Neighbors

  • What is it
  • How to do this in Python 
  • K-Nearest Neighbors Coding Challenge
Support Vector Machines

  • What are they?
  • How to do this in Python - example
  • SVM Coding Challenge
Neural Networks

  • What is it
  • How to use this in Python with an example
  • Neural Nets Coding Challenge 
Deep Learning

  • Why the hype?
  • How to get started with deep learning
Evaluation of Classification Methods

  • Accuracy, confusion matrix. ROC, AUC, Precision, Recall, etc.
Final Project

  • Given a dataset and a classification mandate, attendees have to run these different classification models and figure out which one is "best"
What is Needed from You:

  • Participants will need to bring a laptop with them to the course.
  • It is recommended that participants have previously taken Introduction to Data Science for Finance as a prerequisite. If you have not been able to take this course, please contact the instructors at info@cognitir.com
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Disclaimer​​​

The views expressed by the speakers do not necessarily reflect the views of policies of CFA Society Washington, DC, its Board of Directors or its members. CFA Society Washington,​ DC does not guarantee the source, originality, accuracy, completeness or reliability of any statement, information, data, finding, interpretation, advice, opinion, or view presented, nor does it make any representation concerning the same


​Contact Us
CFA Society Washington, DC
1200 Eighteenth St. NW, Suite 700
Washington, DC 20036
Phone: +1 (202) 872-4310
Fax: +1 (202) 315-3332
info@cfawashington.org