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CFA Society Stamford is the nucleus of the investment industry in the Fairfield and Westchester County areas, which include the following towns and cities: Greenwich, Stamford, New Canaan, Westport, Rye, Armonk, and White Plains, among others. The mission of the Society is to serve and educate the investment community as a forum and resource. The Society provides comprehensive and timely content, enabling members to meet the challenges of the global... read more  


Volunteer: Be A JOINER… and Profit!         

Experience as ​committee volunteers helps our members gain visibility as vital participants in their professions. It contributes to professional development. CFA Society Stamford committee membership is open to  members only.


Check out our YouTube page containing videos from our Past Events. More videos will be posted as they become available.

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03/13/2015 3:55 PM
David Chaves, Supervisory Special Agent, FBI
On April 24th the UConn Finance Club hosted David Chaves, Supervisory Senior Special FBI Agent, to give his perspective on how the FBI recruits cooperators in the industry such as hedge funds, the use of technology for investigating cases like wiretapping, procedures used to confront perpetrators, special cases such as Walt Disney insider trading and the emergence of ‘Behavioral Unit’ in the FBI. The event was presided by the in-coming presidents Kelah Johnson (IMP student-senior), and Amanda Fontana (IMP student-junior) and in attendance was about 30 students David Chavescovering UConn IMP’s and Financial Management Program students. We are grateful for the time and support by Special Agent Chaves to the IMP and Financial Management Program.
3/13/2015 3:55 PM
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03/13/2015 3:52 PM
2014 Investment Management Program (IMP Program) orientation at the SHU Stamford Campus. CFASS members are invited to attend this event to help grow the IMP program and to mentor and guide students.

The John F. Welch College of Business has partnered with the CFA Society of Stamford ( for a unique program intended for aspiring investment professionals. The IMP Program, which was initiated in 2010, provides a platform for the interchange of ideas, networking opportunities and career development for students. In 2012 the IMP was named to the CFA Institute’s University Recognition Program. The Chartered Financial Analyst® (CFA) credential has become the most respected and recognized investment designation in the world. The CFA® Program bridges industry practice, investment theory, and ethical and professional standards to provide investment analysis and portfolio management skills. There will be speakers from these groups to address the students about the makeup and meaning of as well as the necessary preparation for the three-part CFA testing process. We invite the you to the orientation to learn the following:

• Hear CFA charterholders answer questions on why choose the CFA Program

• How the CFA Program is different from most graduate school programs

• Find out what’s required to become a CFA charterholder

• Explore the CFA Program course of study and topic areas

• Learn about the format of CFA Exams

• Learn how the CFASS can mentor in exam preparation and job networking.

• See what scholarships are available for the CFA Program

• Learn about job opportunities and get practical advice for advancing your career

Food and refreshments will be served. We look forward to meeting and getting to know you.

Prof. Ralph Lim, CFA, Sacred Heart University

Safia Mehta, CFA, Chair University Relations, CFASS

3/13/2015 3:52 PM
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03/13/2015 3:52 PM

University of Connecticut – CFA Open House
The CFA Society of Stamford (CFASS) in partnership with the UConn Finance Club and the CFA Institute are holding their 2nd annual CFA Open House at the UConn Campus. There will be speakers from these groups to address the students about the makeup and meaning of as well as the necessary preparation for the three-part CFA testing process. There will be food and refreshments.

The Chartered Financial Analyst® (CFA) credential has become the most respected and recognized investment designation in the world. The CFA® Program bridges industry practice, investment theory, and ethical and professional standards to provide investment analysis and portfolio management skills. We invite you to the open house to learn the following:

• Hear CFA charterholders answer questions on why choose the CFA Program

• How the CFA Program is different from most graduate school programs

• Find out what’s required to become a CFA charterholder

• Explore the CFA Program course of study and topic areas

• Learn about the format of CFA Exams

• Learn how the CFASS can mentor in exam preparation and job networking

• See what scholarships are available for the CFA Program

• Learn about job opportunities and get practical advice for advancing your career

• Hear what the Investment Management Program (IMP) is about and its acceptance criteria

• Meet with various corporate supporters such as CreditSights and Pitney Bowes

We look forward to meeting and getting to know you.

Marlys Rizzi, Program Manager, University of Connecticut – (203) 251-8445
Safia Mehta, CFA, Chair University Relations, CFASS – (203) 461-0972

3/13/2015 3:52 PM
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  • Mark Hanratty
010/4/2015 9:05 PM

The CFA Society Stamford will be hosting a study group sessions for the December exam starting on Tuesday, October 6 at 6-7 pm in the Davenport room at the Stamford Innovation Center, 175 Atlantic Street, Stamford.  Candidates who plan to attend should email

10/4/2015 9:05 PM
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03/13/2015 4:01 PM

Schweser Mock Exam

November 22

UCONN, 1 University Ave, Stamford, CT

CFA Society Stamford will be offering a full-length live mock exam for Levels 1 candidates on November 22 (Saturday) at UCONN Stamford. This is offered to all candidates, regardless of membership status.

The Live 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

After taking the Mock Exam, a Multimedia Exam Tutorial will give 10+ hours of instruction on the concepts and techniques necessary to answer each question. As candidates review their answers, they simply click on play tab to view the multimedia instruction. Each tutorial is a whiteboard video with audio instruction covering the material on which each question is based and explaining how to apply it to the question.

Candidates must sign in between 8:30 and 8:45am. The morning session will begin at 9am and will end at noon. There will be a 1-hour break for lunch. The afternoon session will be from 1 – 4pm. After the exam you will be able to log in to Kaplan Schweser and access all answers and explanations. Please bring all exam supplies with you, as you would on test day. We will not be providing pencils, erasers, calculators, etc. We will follow CFA Institute’s test procedures, detailed here.

Location: UConn – Stamford

1 University Pl.

Stamford, CT

Date: November 22nd, 8:30am – 4:00pm

Cost: $75

Please email if you have any questions.

Lizzie Ling
Education Committee

3/13/2015 4:01 PM
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03/13/2015 3:58 PM

The new way to prepare for your exam!

Analyst Success offers an array of options to maximize your success. The Self-guided option includes materials in printed and digital format, practice exams and quizzes, video lectures and an individualized dashboard to track progress. The Instructor-led package adds a mix of live online webinars and individual instructor access and includes an exam review to prepare you for your test.

Analyst Success (PDF)

Scholarship is available and on a first come first served basis.

3/13/2015 3:58 PM
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011/9/2016 10:57 AM

November 3, 2016 @ 6:45PM


David Chaves - Securities Fraud Manager, FBI New York Division

Tom Hardin - former hedge fund analyst, "Tipper  X"

The conversation started with David Chaves giving a little backstory on who is and where he came from: Originally from Boston, David was a touring Rock musician who became a lawyer and subsequently an FBI agent. David then went on to give a brief overview of the reality of "bad actors" on Wall Street – David conveyed that only 0.04% of Wall Street portfolio managers/traders/analysts/etc. have been convicted of illegal acts, related to market manipulation/insider trading/etc.

David discussed some of the techniques that he has seen hedge funds/brokers use to convey and extract insider information:

  • Analysts and informants would use drop/burner mobile phones, as well as more elaborate schemes like online gaming where private chats could be set up in the context of role-playing video games.
  • One case saw traders employing a warehouse worker to fax a market-moving column to them before the periodical hit newsstands. The same group also employed an exotic dancer to get C-suite employees to divulge company secrets in the champagne room of a Wall Street gentlemen's club
  1. Another case was discussed where a group of people traded secrets from a law firm to a broker on merger deals. The meetings were orchestrated by passing post-it notes at the information clock kiosk in the center of Grand Central Terminal…where the recipient of such notes would eat the piece of paper to eliminate the evidence.

The conversation then shifted to Tom Hardin (Tipper X) where he gave some background on himself. Tom started working for a long/short equity fund in 2000. He shortly thereafter met Roomy Khan (a former marketing associate for Intel) at a tech stock conference and over the course of the next few years, kept in close contact with her, ultimately garnering insider information from one of her sources. One such informant was a Moody's analyst, to whom Tom started paying large sums of cash for insider information. Roomy was also providing inside information to Raj Rajaratnam of the Galleon Group.

Some of the key points to Tom's story:

  • Tom made $46k in 2007 for 4 illegal trades...and that essentially ended his career.
  • He made $1.2mm for his firm...they were up 31% vs 30% without the trades.
  • Tom was approached by the FBI in 2008 and shortly thereafter, he became an informant for the FBI – Tipper X
  • In December 2009 he pleaded Guilty
  • In January 2010 Tipper X was revealed publicly
  • Lost many friends and colleagues as a result of this ordeal – his wife nearly lost her job as a result of his identity being made public
  • Tom has to reveal that he was a felon whenever applying for a job. Many of his opportunities are now limited to minimum wage/hourly wage employment

Some quotes Tom made part of his presentation:

"When you get to that line, make sure you think about who might be impacted if you cross over"

"You are the average of the five people with whom you surround yourself. Choose wisely."

"Once one crime is committed and not noticed, then committing another crime becomes very easy and justifiable."

Thank you to both David and Tom for a great evening!

11/9/2016 10:57 AM
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  • Aubrey Foerster
02/17/2016 8:44 PM

By Mark Hanratty, CFA and Aubrey Foerster, CFA, CPA

On January 27th, 2016, the CFA Society Stamford hosted a packed house for the Annual Forecast Dinner at the Greenwich Country Club. We would like to thank our sponsors; the CFA Institute, CreditSights, First Trust, PowerShares, OppenheimerFunds, VOYA and Deutsche Bank. We would not have had such a phenomenal event without your support!

Panelists and Presenters

Kurt Schacht, JD, CFA – presented the Global Market Sentiment Survey conducted by CFA Institute (CFAI)

Paul Smith, CFA – CFAI President and CEO, updated members on CFAIs policies and goals

Pimm Fox – Bloomberg Radio, panel moderator

Tony Crescenzi, EVP – PIMCO (panelist)

Glen Reynolds, CEO – CreditSights (panelist)

Alec Young, Investment Strategist – OppenheimerFunds (panelist)

Paul Zemsky, CFA, CIO – VOYA (panelist)


Kurt Schacht discussed CFA Institute's Global Market Sentiment Survey.  According to the survey, 1/3 of the respondents expect a financial crisis in the next 3 years. A general consensus by the panel was that the odds of a recession were currently low due to low jobless claims, generally healthier banks, and no sign of forestalled purchases by banks and individuals. Some discussion was had over the uncertainty of the Chinese economy. Longer term interest rates in the US were expected to remain low for the rest of the decade. There was general concern from the panel about the unintended consequences of regulations as represented by diminished liquidity in certain market.​

Thank you to all who attended, helping to make the event a great success with such a huge turn out!




2/17/2016 8:44 PM
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  • Aubrey Foerster
01/5/2016 12:38 PM

​By Mark Hanratty

On Tuesday, November 10th, TOBAM hosted "Maximum Diversification Portfolios:  Exploring the Anti Benchmark Approach" at the Stamford Innovation Center.  TOBAM, which is an acronym for Think Outside the Box Asset Management, was awarded a US patent in 2011 for its Anti-Benchmark methodology.  Throughout the presentation and the Q&A session TOBAM elaborated on their strategy of capturing the full Equity Risk Premium while avoiding the biases inherent in all index constructions (weighting factors of sectors, individual name risk, and correlations within indices).  The Anti-Benchmark portfolio's goal is to minimize stock specific risk and is the "most protected versus its own mistakes" as the portfolio represents a portfolio of stocks with the lowest correlations to themselves.  Using a given benchmark universe (i.e. MSCI World, NASDAQ 100, MSCI Emerging Market) TOBAM seeks to create the Most Diversified Portfolio, which is a group of assets that essentially can not be diversified further with the addition of another asset from the benchmark universe or further variation in the groups components.  The long term out-performance versus the benchmark group in published work has been significant.


Additional information about TOBAM can be found at:


1/5/2016 12:38 PM
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  • Mark Hanratty
011/14/2015 2:49 PM

​Good luck to all our mock exam participants on their upcoming exam and a special thank you to Julio for helping proctor the exam!

11/14/2015 2:49 PM
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  • Aubrey Foerster
011/1/2015 3:23 PM

​​​By Mark Hanratty, CFA

The CFA Society Stamford hosted Michael A.​ Gayed, CFA, at the Stamford Innovation Center on Tuesday September 22, 2015.  In a lively presentation interspersed with humorous asides Mr. Gayed reprised his published works on predicting volatility and corrections, co-authored by Charlie Bilello, CMT.  The signal power of long term Treasuries and the asset classes lumber versus gold were discussed, in addition to the original analysis on the utility sector, compared to market performance since 1926.

Investment strategies using signals generated from the utility sector historically have shown significant outperformance relative to the market.  These strategies have also exhibited the ability to avoid the periods of highest market volatility as defined by the top 1% of VIX values.  Mr. Gayed and Mr. Bilello's papers and presentations can be accessed via the CFAI website Publications and Multimedia section.

11/1/2015 3:23 PM
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  • Mark Hanratty
010/8/2015 12:00 PM

The CFA Society of Stamford would like to know if you are interested in participating in a mock exam for the December Level I test.  A mock exam would be held on November 14th.  Interested candidates should reply immediately via email to

10/8/2015 12:00 PM
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03/13/2015 4:03 PM

Join us for our Annual Dinner

Given the strength in US equity and credit markets throughout 2014, a big risk to investors is complacency heading into 2015. CFASS has secured a number of experts across asset classes and will host an entertaining evening moderated by Bloomberg’s Pimm Fox as he prompts our panelists to unveil key risks and opportunities in 2015.

Attendees will also enjoy the most recent Global Market Sentiment Survey presented by Kurt Schacht, Managing Director of the Standards and Financial Market Integrity Division of CFA Institute.

In addition to the various actionable investment themes discussed by the panelists, attendees are afforded the opportunity to network during the happy hour and enjoy a full course dinner at the Greenwich Country Club.

Thank you to our Sponsors!
Van Eck cfa_logo_1 msci-logo-1a-hires-rgb

Pimm Fox
Pimm Fox

Pimm Fox
is a Bloomberg Television anchor and Bloomberg Radio host of the in-depth investment program, Taking Stock with Pimm Fox, which airs weekdays at 5:00 p.m. ET. Fox also co-hosts Bloomberg Businessweek Radio with Ken Prewitt on Bloomberg Radio. Fox provides unique access into the world of professional investing through conversations with top Wall Street analysts, fund managers and CEOs. Fox joined Bloomberg in 2006, after overseeing financial services coverage for the Dow Jones News Service in London. Fox received a bachelor’s degree in architecture from Columbia University.

Meet your Panel:

Jonathan Golub
Jonathan Golub

RBC US Equity Strategist (II ranked, on Bloomberg Monthly, Former Bear Stearns, JPM and UBS)

Jonathan Golub is one of Wall Street’s most prolific strategists, regularly publishing on corporate earnings, stock valuations, market leadership, and the post-crisis environment. While centered on U.S. equities, his research incorporates economic and market topics covering currency, credit, commodities, and rates. In his roles as Chief Strategist for UBS and Bear Stearns, Jonathan has focused on the needs of traditional long-only and hedge fund managers.

Peter Tchir
Peter Tchir, Managing Director

Brean Capital Global Macro Strategist (former buyside, has views on global equity, fixed income, ETF, Mortgages and Credit Derivatives)
I have built a strong reputation as having keen insight into risk and identifying opportunities on a global macro basis with an emphasis on fixed income. My unique background, allows me to balance short term trading with longer term investment horizons to consistently find the excellent relative value in the markets. The combination of structured credit trading and CDX index trading gives me insight into trading and risk management on two very different, yet important levels. My in depth product knowledge encompassing bonds, loans, derivatives, CDO’s, and ETF’s, enables me to optimally execute investment strategies. It is these skills that have helped me develop and maintain clients who are senior managers at top tier hedge funds and investment management firms.

Have developed a strong media presence, with almost weekly appearances on Bloomberg TV and radio. Additionally have been part of headline articles in the Wall Street Journal, New York Times, and Financial Times, as well as being quoted regularly in Barron’s. Business Insider rated @tfmkts as one of the top 100 people in finance to follow on twitter. The media has provided the opportunity to become recognized as a thought leader in many of the areas I focus on, as well as being a useful source of insight and information. These relationships should continue to grow and can be a valuable source of recognition and exposure going forward.

Roland Morris
Roland Morris Jr. – Managing Director, Commodities Strategy, Van Eck Global

Joined Van Eck in 2012 and serves as managing director focused on macro strategies, commodities trading and client development for Van Eck’s long only strategies and alternative investments. Earlier career experience includes thirty years in the financial services industry as a macro/commodities trading specialist; manager of futures clearing and execution services; and client relationship management.

Tom Jones
Thomas Jones Director / Senior Portfolio Manager

Mr. Jones joined the former City National Asset Management (predecessor to City National Rochdale) in 2010 and has over 20 years of experience in the investment industry. He is responsible for managing client’s fixed income assets with an emphasis on the analysis and selection of municipal bonds. Prior to joining City National, he served as Vice President at U.S. Trust Bank of America where he was a Trader/Portfolio Manager overseeing the selection and allocation of municipal bonds into several bond funds as well as individual client portfolios. Other past positions include Vice President of Municipal Bond Trading and Underwriting at Southwest Securities, and Vice President of Municipal Bond Trading and Underwriting at H.S.B.C Brokerage U.S.A. Mr. Jones holds a B.A. in English from Manhattanville College. He is a Level III candidate for the Chartered Financial Analyst designation and is a member of the New York Society of Security Analysts.

3/13/2015 4:03 PM
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03/13/2015 4:02 PM

Congratulations on becoming a new CFA charterholder!

CFA Society Stamford would like to recognize YOU with a presentation charter at this years Charter Recognition Event in conjunction with our Annual Holiday Party.

Featured Speakers: Michael Sard, Eurasia Group and Kevin Terhaar, CFA, CFA Institute

Please join us for an evening event on December 17 at Riverside Yacht Club in Stamford. Our featured guest speakers will be Michael Sard, Eurasia Group and Kevin Terhaar, CFA, CFA Institute. This is a great opportunity to meet other new charterholders, current members and learn more about the current activities happening at CFA Institute.

Michael Sard focuses on global political risks, with expertise in US foreign policy, regional security crises, and country comparisons. He works directly with Eurasia Group president Ian Bremmer on a variety of strategic macro projects as well as original content for publication.

Kevin Terhaar, CFA is the Director of Exam Development with CFA Institute.

12-5-2014 11-01-16 AM

Registration ends Friday, December 15.

Riverside Yacht Club

December 17
6:30 – 8:30pm

Free for Members and 1 guest
$25 for Non-members

Congratulations again and we look forward to seeing you there!

12-5-2014 11-03-35 AM

Event Details

Event Title Annual Holiday Party and Charter Recognition
Start Date December 17, 2014
Start Time 06:30 p.m.
End Time 08:30 p.m.
Timezone Eastern standard time
Location Riverside Yacht Club
3/13/2015 4:02 PM

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 Contact Us

​CFA Society Stamford
1127 High Ridge Rd., Stamford, CT, 06905
Stamford, CT 06905
Tel: 434-817-4781