On January 26th, 2012, CFA Winnipeg hosted over 450 guests at the 47th Annual Forecast Dinner at the Winnipeg Convention Center. The evening was graciously sponsored by Cardinal Capital Management, State Street, Deloitte and RBC Dexia. The Annual Forecast Dinner is Winnipeg’s premier gathering of leaders within the local investment industry and business community. In a special video message, Mr. John Rogers, CFA, President and CEO of CFA Institute, delivered a message about the duty that each CFA charterholder has to act ethically and responsibly in all decisions we make as investment professionals. CFA Winnipeg President, Glenn Bunston, CFA had the honour of presenting CFA charters to 13 deserving members of CFA Winnipeg who recently earned the right to use the designation.
CFA Winnipeg congratulates the following new Charterholders:
Tyler Fehr, CFA
Timur Ganiev, CFA
Jonathon Giller, CFA
Graeme T. Hay, CFA
Timothy A. Kendall, CFA
Leigh Ashby Lange, CFA
Viktor Mosiy, CFA
Christopher David Palmer, CFA
David Redfern, CFA
Chris Paul Edward Richard, CFA
Alexa Paige Richardson, CFA
Chelsey L. Rieger, CFA
Wesley P. Sprenger,
The Annual Forecast Dinner keynote speaker was Dr. Marc Faber, Founder of Marc Faber Limited, and editor of the widely-read Gloom, Boom & Doom Report, which highlights unusual investment opportunities across asset classes. He is a regular contributor to leading publications around the world, including
Forbes and is a frequent guest on CNBC and Bloomberg TV. He is also a member of the prestigious
Barron's Roundtable, which gathers insights from 10 of the most influential investors in the world.
In an article entitled “Anti-Pep Talk” Joel Schlesinger of the Winnipeg Free Press profiled Dr. Faber’s current views. Please click on the following link to read the article:
While Dr. Faber is best known for his bearish and timely calls that avoided market crashes, his outlook was not entirely gloom and doom. He expressed concern for Keynesian monetary policies that have resulted in short-term fixes that merely “postpone the problem, but it doesn’t solve it”. He was most optimistic about equities, which by his assessment, offer attractive yields relative to bonds, and deliver more protection from the inflation caused by monetary intervention.
Perhaps the most important point made by Dr. Faber was the need for investors to be diversified: "It's not advisable to be overly dramatic and say, 'I'm going to be very bearish about equities and very bullish about bonds.' There will be times when you need to be in equities, times you need to be in gold and times you need to be in bonds," he says. "I don't know when, so I'm diversified, as I pointed out, because I like to sleep at night.”
CFA Winnipeg would like to thank our sponsors who made the evening possible and congratulate the new Charterholders on their significant accomplishment.