Italian CFA Society

2010 CFA Forecast Dinner - Milan

Jim Lennon - 2010 Commodity Market Outlook

Wednesday, 10 February - Grand Hotel et de Milan

ICFAS is pleased to welcome Jim Lennon, Global Head of Commodity Research at Macquarie Securities, for the 2010 Forecast Event.
James will explore the main trends that are influencing commodities including the roles of China and India, the impact of the global financial collapse and financial flows into the commodities sector and how they interact with the fundamental drivers.
This very complex asset class has recently attracted interest and affected asset allocation choices of many investors.

This event is generously sponsored by:

Join Italian CFA Society for year 2009-2010!

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CFA Program: A Decades-Long Tradition

Many credentialing programs promise an education in financial management that will transform your life. Only the CFA Program has successfully kept that promise for more than 40 years.

About Italian CFA Society

The Italian CFA Society (ICFAS) was founded in 1999 as a non-profit organization of investment professionals who agree to abide by the Code of Ethics and Standards of Professional Conduct.
The Italian CFA Society promotes the highest ethical and professional standards within the Italian investment industry and encourages professional development through the CFA Program and the CIPM Program.
Establishing an ongoing series of events for investment practitioners, Italian CFA Society offers a range of educational opportunities and facilitates the open exchange of information and opinions among investment professionals.

The Society is affiliated with CFA Institute the global, not-for-profit association of investment professionals that leads the investment industry by setting the highest standards of ethics, education, and professional excellence.

CFA charterholders embody the four virtues that are hallmarks of CFA Institute: Ethics, Tenacity, Rigor, and Analytics. CFA Institute provides a designation of distinction to the financial community; building discipline, character, and excellence in the financial world.
When someone has achieved the CFA designation, make no mistake he, or she, is well aware of ethical responsibilities. He upholds the Code of Ethics and Standards of Professional Conduct. She knows why GIPS standards were created and to whom they apply. He has acknowledged his obligation to act in an ethical manner and to encourage others to do the same, acting with integrity, competence, diligence, and respect. The letters CFA indicate that this individual is committed to putting the investor’s interest first at all times. The CFA charter requires a candidate to attain four years of relevant work experience and to pass three exams—each demanding a minimum of 250 hours of study. The CFA Program is a self-study curriculum, generally pursued while a candidate is employed full-time in the financial industry with all the requisite obligations of life: family, community, etc. Employers in the financial industry are well aware of the inherent tenacity represented in the letters CFA and what that tenacity brings to an organization. The CFA charterholder has an appetite for intellectually difficult work, for self-paced achievement, and for an unambiguous ethical standard. The letters CFA indicate that this person has the ability to face the rigor of a higher bar. If a CFA charterholder sits before you, she or he can evaluate undervalued and overvalued securities, calculate the values of callable bonds and puttable bonds, calculate alpha, calculate financial ratios used by credit analysts, analyze derivatives, alternative investments, taxes, pensions, inventories, and inter-corporate investments. This list is by no means comprehensive. But its meaning is clear. The designation of CFA represents a reservoir of tremendous analytical skills.