BEGIN:VCALENDAR VERSION:2.0 PRODID:-//CFA Society New York - ECPv6.0.13.1//NONSGML v1.0//EN CALSCALE:GREGORIAN METHOD:PUBLISH X-WR-CALNAME:CFA Society New York X-ORIGINAL-URL:https://cfany.org X-WR-CALDESC:Events for CFA Society New York REFRESH-INTERVAL;VALUE=DURATION:PT1H X-Robots-Tag:noindex X-PUBLISHED-TTL:PT1H BEGIN:VTIMEZONE TZID:America/New_York BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20210314T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20211107T060000 END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=America/New_York:20210122T120000 DTEND;TZID=America/New_York:20210122T133000 DTSTAMP:20260717T091346 CREATED:20201214T215526Z LAST-MODIFIED:20210120T234005Z UID:65295-1611316800-1611322200@cfany.org SUMMARY:Impact Investing Deep Dive - How to Generate Impact Across Different Asset Classes DESCRIPTION:OverviewImpact investing is often misunderstood. Is it a subset of investing or philanthropy? Come learn about how to incorporate impact investing into your investment strategy\, and explore possible career paths in the impacting investing space. \nWith the recent COVID-19 public health situation and civil and political upheaval\, many more high net worth individuals and family offices are asking themselves\, “What more can we do with our wealth? Are there social benefits that can be achieved while building wealth?” \nAt the same time\, many investment professionals\, both those new to the industry and the veterans who have “seen it all\,” are asking “What more can I do with my skills and training?” \nAgenda12:00 PM | OPENING REMARKS \n\nKuni Chen\, CFA\, Co-Vice Chair\, Sustainable Investing Group\, CFA Society New York \n\n\n12:05 PM | PANEL DISCUSSION \n\nModerator \nLouie Nguyen\, CFA\, Chief Investment Officer\, Mission Driven Finance \nPanelists \nRuby Bolaria\, Director – Housing Affordability\, Chan Zuckerberg Initiative \nGerald Pambo-Awich\, Investment Officer\, Mission Investments\, Ford Foundation \nEthan Powell\, CFA\, CPA\, Principal. Chief Investment Officer\, Brookmont Capital Management\, Founder\, Impact Shares \nCraig Metrick\, CAIA\, Chief Investment Officer\, Cornerstone Capital Group \n\n\n1:00 PM |  Q&A \n\n1:25 PM | CLOSING REMARKS \n\nKuni Chen\, CFA\, Co-Vice Chair\, Sustainable Investing Group\, CFA Society New York \n\nAdditional DetailsLearning Outcomes \n\nGain an understanding of different types of impact investing\nLearn about impact investing career paths for recent graduates and seasoned professionals URL:https://cfany.org/event/impact-investing-deep-dive-how-to-generate-impact-across-different-asset-classes/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Sustainable Investing,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210122T133000 DTEND;TZID=America/New_York:20210129T170000 DTSTAMP:20260717T091346 CREATED:20201211T032158Z LAST-MODIFIED:20210113T211229Z UID:65223-1611322200-1611939600@cfany.org SUMMARY:Data Visualization and Business Analytics with Microsoft Power BI DESCRIPTION:OverviewA two-day virtual course\, presented by Cognitir \nStrong data culture is a ​sine qua non​ for organizations in the digital age\, and proprietary data insights are becoming the most important asset for all organizations. Firms that are invested in crafting a compelling\, authentic narrative from their data are uniquely positioned to establish enduring brands and thrive in all market environments. When it comes to communicating such insights for business objectives\, a striking data visualization cannot be beat. \nDuring a single day\, participants will explore an extensible data visualization framework (Microsoft Power BI) that allows finance and business professionals to create reports and dashboards that leverage their existing data products. Participants will learn how to gather relevant data from sample spreadsheets\, overcome data preparation obstacles\, and build an interactive dashboard that they can publish to the web. \nThis course uses Power BI because ​Power BI is the uncontested leader​ in the sector as illuminated by Gartner’s Analytics and Business Intelligence Platform Magic Quadrant. \nAt the conclusion of the workshop\, participants will have developed their own web dashboard that they can readily adapt to their own professional contexts\, and which they can then use to obtain better insights into their own work and/or share it with their co-workers. \nPrerequisites \nThere are no prerequisites for this course\, however\, Mac users will need to install and use Windows on their Mac (through a virtual environment\, etc) as Power BI is only compatible with Windows. \n$499 Members | $599 Nonmembers \nCourse Curriculum×Course Curriculum\n\n\n\n\nIntroduction to Power BI and Initial Setup\nConnecting Data and Transforming Data in Power BI\n \n\nHow does Power BI connect to our data? \nHow might we clean and transform our data to prepare it for a dashboard? \nWhat is Power Query and how does it work? \nUpdating and modifying data loads \nCustomizing a table we’ve loaded \nCustomizing and adding columns to a table \n\nTable Relationships and Data Models \n\n Introduction to the Relationships pane in Power BI \nHow does one establish relationships? \nCardinality of relationships \nFact and Dimension tables \nBasic schema types (data models) and normalization \n\nData Analysis with DAX and M \n\nM and Power Query \nDAX and the Data pane \nWhen to use M and when to use DAX \nCommon M transformations \nCommon DAX transformations \nMeasures\, filters\, and contexts \n\nData Visualization \n\nIntro to the Report pane \nTiles\, tabs\, and filters \nCommon visualizations and their use cases \nFormatting a visual \nSlicers and Interactions \nStyling and Accessibility \n\nSummative Project\, Exit Review\, and Next Steps \n\n\n\n\nCloseCourse Developers×Course Developers\nJonathan Karp \n\n\n\n\nJon is a former science teacher and current business analyst at Teach For America\, leading projects focused on data and foundational technologies in the education sector. Since 2016\, Jon has spearheaded efforts to revamp reporting\, analytics\, and data integration systems at TFA\, including significant work with SQL\, Power BI\, and data modeling. \nPrior to his work in IT\, Jon taught for four years with Teach For America in St. Louis\, MO\, also serving as science department chair during his final year. He received a Bachelor of Science in Earth and Ocean Sciences from Duke University\, where he cut his teeth on climate and chemical oceanography datasets. \n\n\n\n\n\nNeal Kumar\, CFA \n\n\n\n\nAt Cognitir\, Neal leads strategy & business development initiatives as well as product management. \n\n\n\n\n\n\n\n\nOutside of Cognitir\, Neal consults C-level teams and senior business managers on a variety of strategic topics ranging from M&A to marketing. He also leads training seminars (financial modeling) for Wall Street Prep and has consistently received top reviews from attendees and created two training courses that were used in seminars worldwide. Before his consulting and training careers\, Neal taught secondary mathematics in St. Louis Public Schools (USA) as a Teach for America Corps Member. Prior to joining Teach For America\, Neal worked in investment banking at Lazard\, JPMorgan\, and Houlihan Lokey. \nNeal received his MBA from London Business School (UK) and BBA in Finance from the University of Notre Dame (USA). He is also a CFA Charterholder and a Member of the CFA Institute Education Advisory Committee (EAC) Working Body where he helps shape CFA Program Content. \n\n\n\n\nNeal received his MBA from London Business School (UK) and BBA in Finance from the University of Notre Dame (USA). He is also a CFA Charterholder and a Member of the CFA Institute Education Advisory Committee (EAC) Working Body where he helps shape CFA Program Content. \nCloseAbout Cognitir×About Cognitir\nCognitir\, a global data science training company\, is coming to CFA Society New York on August 10th to deliver a one-day\, programming-based introductory data science workshop. In this course\, participants will use the Python programming language to execute foundational data science tasks on different finance and economics datasets. By the end\, participants will be able to import their own data sets and commence the data science process.This training course will allow you to hit the ground running with executing core data tasks through Python. Cognitir also provides 6 months of email support to attendees as well as a certificate of completion and membership to Cognitir’s growing global alumni network. \nCloseAdditional DetailsWhat This Course Offers \n\nHands-on data visualization experience Microsoft Power BI and its Power Query engine \nEvery participant leaves with a working dashboard that they can connect to their organization’s data sources \nInsights on how best to automate tedious data workflows with web dashboards \nOverview of data sourcing\, preparation\, and visualization pitfalls \nCourse notes\, certificate of completion\, and post-seminar email support for 1 year \nAn engaging and practical training approach with a qualified instructor with relevant technical\, business\, and educational experiences\n\nWho Is This For \n\n\n\n\nThe target audience for this course is finance and business professionals\, but the skills we teach here are transferable across many disciplines. If any of the following points apply to you\, you will most likely find this course useful: \n\nIn my current role\, I spend a lot of time creating reports and/or surfacing the insights they contain.\nI often need to copy and paste data between different Excel spreadsheets to build simple charts on top of it.\nI’m responsible for manually updating the data sources for my team’s regular snapshots and briefs\, and want to reclaim that time.\nI want to conduct my organization’s\, team’s\, or own personal work more effectively by becoming more data-driven.\nI always want to have a current view on certain key metrics for which my company already stores relevant data.\nI want to learn how to incorporate data design and visualization principles into my core practice as a professional. URL:https://cfany.org/event/data-visualization-and-business-analytics-with-microsoft-power-bi/ LOCATION:Virtual Only CATEGORIES:Other Industry Event,Other Industry Events,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;VALUE=DATE:20210127 DTEND;VALUE=DATE:20210130 DTSTAMP:20260717T091346 CREATED:20201203T201114Z LAST-MODIFIED:20210324T204741Z UID:64953-1611705600-1611964799@cfany.org SUMMARY:Financial and Valuation Modeling Boot Camp - Wall Street Prep DESCRIPTION:Financial modeling the way it’s done on the jobLearn Financial Modeling\, Valuation\, DCF\, M&A and more! \nFor finance professionals and those looking to break into investment banking\, corporate finance\, equity research\, this boot camp will teach you how to build financial and valuation models the way it’s done on the job. \nStep-By-Step Virtual Zoom Training \nParticipants learn to model in an intuitive\, step-by-step approach using real case studies. \nUsed by Top Financial Institutions \nLed by experienced finance professionals\, this is the same training program used to prepare incoming analysts and associates at top financial institutions. \n\n\n\nCFANY.org: $1359.20Standard Rate: $1699 Earn a Certification in Financial Modeling: Completion of this boot camp will earn you a Certification in Financial & Valuation Modeling from Wall Street's #1 training firm. This globally recognized certification demonstrates proficiency in Financial Modeling\, DCF\, Comps and M&A. AgendaPlease note: Each daily session goes from 9AM – 5PM EST \nView Full Syllabus\n\nDay 1 | FINANCIAL STATEMENT MODELING \n\nYou will develop a 3-statement model completely from scratch\, inputting historical data and assumptions to project out financial statements by selecting\, locating\, and developing appropriate projection drivers. \n\n\nDay 2 | DCF MODELING \n\nParticipants learn how to value the company step-by-step\, including how to estimate the weighted average cost of capital (WACC) in the real world\, how to implement commonly used approaches to calculating terminal value\, and how to use data tables to analyze a broad range of scenarios given different assumptions. \n\n\nDay 3 | M&A MODELING \n\nParticipants will build a merger model in Excel to reflect the pro forma impact of various acquisition scenarios. Key topics covered include a quick test of accretion / dilution in all-stock deals\, pricing structures (exchange ratios\, collars\, “walk-away” rights)\, purchase accounting\, and the step-by-step allocation of purchase price. \n\n\nOnline | PRE-SEMINAR EXCEL TRAINING \n\nThis boot camp assumes proficiency in Excel. Enrollment includes access to our popular Excel Crash Course for those who need an Excel refresher. \n\n\nOnline | POST-SEMINAR ONLINE ACCESS \n\nEnrollment includes lifetime access to the following online course(s): Financial Statement Modeling\, DCF Modeling\, Comps Modeling\, M&A Modeling\, LBO Modeling \n\n×Course Syllabus\nFinancial Statement Modeling\nReview key Excel skills for financial modeling \n\nBasic Excel techniques and keyboard shortcuts\nThe most accurate way to perform Excel’s basic functions without the mouse\nCustomize Excel’s default settings for effective modeling\n\nLearn to format and structure financial models to limit errors and simplify auditing \n\nStandard modeling structures and formulas\nBest practices in modeling\nLearn the correct way to check models for errors\, accuracy and integrity\nCheck and fix circular reference and iteration problems (#REF)\nTools for formula checking and auditing\n\nLearn how to present financial statement model \n\nCreate a ratios page\nPrepare a model for distribution\nLearn summary and sensitivity analysis using data tables\n\nFinancial statement model development \n\nLearn to build projection drivers\nLearn to integrate assumptions into financial models – learn what makes a good assumption\nBuild core statements:\n\nCash flow statement\nBalance sheet\nIncome statement\n\n\nBuild supporting schedules:\n\nDebt schedule\nWorking capital\nInterest schedule\nRetained earnings\nPP&E analysis\n\n\nUnderstand the interconnectivity of the core financial statements and learn how the cash flow statement\, income statement\, and balance sheet are linked.\nLearn to apply automatic “balance checks”\nUnderstand treatment of non-recurring charges and tax implications on financial models\nUnderstand implications of new FASB regulations on financial models used by investment banks and other financial institutions.\n\n\nDCF Modeling\nValuation methodologies deconstructed \n\nLearn market-based valuation\, including comparable company analysis and comparable transaction analysis using appropriate equity and enterprise value multiples (PE\, EV/EBITDA\, etc.)\nIntrinsic valuation\, including DCF and LBO (floor) valuation\nPresentation of valuation results using sensitivity analysis and data tables\n\nEnterprise value relationships \n\nParticipants learn to identify and analyze the elements of the financial statement that are key to the value of an enterprise\, including:\n\nMarket capitalization\nEnterprise value\nOptions\nPreferred stock\nMinority interests\nDebt\nCash and marketable securities\nTreasury Stock Method of Calculating Diluted Shares Outstanding\n\n\n\nCalculate free cash flows using the unlevered valuation approach \n\nUse previously built model to derive unlevered earnings and unlevered free cash flow\nHandle working capital items\, deferred taxes and long-term accruals \n\nDiscount the cash flows \n\nLearn how to derive a discount rate by deriving the cost of debt and the cost of equity\nDerive the cost of capital using CAPM\nSelect the correct discount rates\n\nCalculate the value \n\nEstimating terminal value\nCalculating enterprise value\nUsing the enterprise value to determine implied share prices\n\nSensitivity analysis \n\nAnalyze key input assumptions at various sensitivities\n\n\nM&A Modeling\nBuilding a robust merger model \n\nSetting up a control area for assumptions\nInputting deal assumptions (% cash vs. stock considerations\, purchase premium\, asset write-ups\, advisory fees\, financing fees\, and severance fees)\nCalculating shares outstanding using the treasury stock method\nAppropriate treatment of convertible securities\nAllocating purchase price and calculating goodwill\nPreparing the pushed-down balance sheet\nMaking pro forma balance sheet adjustments\nCalculating sources & uses of funds\nInputting operating & synergy projections\nCalculating the stub year period\nBuilding a pro forma income statement and making appropriate deal-related adjustments to arrive at accretion/dilution per share\nError-checking a merger model and inserting circuit breaker switches where appropriate\nSensitivity analysis: EPS accretion/dilution in stock vs. cash deal; interest rate assumptions\, premium paid\nPre-tax synergies required to break-even\, and break-even PE analysis\nRevenue\, EBITDA\, and Net Income contribution analysis\n\nAdvanced merger accounting \n\nUnderstanding the differences between asset sales (including 338h10 elections) and stock sales\nTaxation issues\, including deferred taxes created by the step-up of asset values\nLegal considerations in acquisitions\n\nCloseBoot Camp DetailsOverviewScheduleWhat's Included?OverviewThis boot camp is an intensive virtual training program where trainees learn financial and valuation modeling in Excel using an intuitive\, step-by-step approach. Participants will use real case studies to build financial models from scratch the way it is done at financial institutions. The program is a synthesis of Excel modeling\, navigating through various financial reports\, and the application of accounting\, corporate finance\, and valuation courses.Schedule\nVirtual training runs daily from 8am to 5pm. The day will be filled with interactive exercises as learners move back and forth between classroom lecture\, small group breakout rooms\, competitions and 1-on-1 interaction. \nWhat's Included?\nComprehensive training materials (manuals and online exercises)\, Detailed reusable modifiable Excel model templates\, Unlimited e-mail support for content-related questions for 12 months post-seminar. \nWho Is This Boot Camp For?\nInvestment banking analysts and associates\nPrivate equity\, asset management and hedge fund associates\nCorporate finance and business development professionals\nMBA students and business undergraduates\nAnyone seeking to improve their financial modeling skill set URL:https://cfany.org/event/financial-and-valuation-modeling-boot-camp-wsp-jan2721/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Other Industry Event,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210127T120000 DTEND;TZID=America/New_York:20210127T133000 DTSTAMP:20260717T091346 CREATED:20201106T163431Z LAST-MODIFIED:20210119T173725Z UID:64420-1611748800-1611754200@cfany.org SUMMARY:American Gas Association Presentation DESCRIPTION:Sponsored EventThis conference is presented and curated by American Gas Association. \nOverviewAn American Gas Association Presentation \nThe American Gas Association\, founded in 1918\, represents more than 200 local energy companies that deliver clean natural gas throughout the United States. There are more than 76 million residential\, commercial and industrial natural gas customers in the U.S.\, of which 95 percent — more than 72 million customers — receive their gas from AGA members. Today\, natural gas meets more than thirty percent of the United States’ energy needs. \n\nPre Reading \nAGA Antitrust Compliance Guidelines \nAgenda12:00 PM | WELCOMING REMARKS & INTRODUCTION \n\nMario E. Carias\, CFA\, Managing Director\, Content and Member Services\, CFA Society New York \n\n\n12:10 PM | OUTLOOK FOR THE NATURAL GAS INDUSTRY \n\nDavid Anderson\, CPA(Ret)\,CGMA\, President & CEO\, NW Natural\, 2021 Chair\, American Gas Association \nKaren Harbert\, President\, and Chief Executive Officer\, American Gas Association s \n\n1:30 PM |  CLOSING REMARKS \nConference Sponsor URL:https://cfany.org/event/american-gas-association-presentation/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Sponsored,Sponsored Event*,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210128T180000 DTEND;TZID=America/New_York:20210128T193000 DTSTAMP:20260717T091346 CREATED:20201106T200843Z LAST-MODIFIED:20210107T162847Z UID:64438-1611856800-1611862200@cfany.org SUMMARY:New Year Market Outlook DESCRIPTION:OverviewThe New Year Market Outlook will examine the state of financial markets in a panel format. Panelist will come from a variety of market disciplines:  Fixed Income\, Equity\, Macro Economy and Alternative Strategies as well as buy and sell side. A broad view of many markets will help asset managers and analysts look at opportunities and risks\, not only in their own markets\, but also in other markets where an overlap is not always apparent. This multifaceted view will encourage thinking that uncovers links in financial instruments that are often overlooked in silo focused investment discussions.  Financial managers and analysts will benefit from exploring and hearing a diverse set of views from established market participants. \nAgenda6:00 PM | OPENING REMARKS \n\nLeo Schmidt\, CFA\, Chair\, Institutional Asset Management Group\,  CFA Society New York \n\n\n6:05 PM | PANEL DISCUSSION \n\nModerator \nDavid Allen\, CFA\, Institutional Director\, Schroders \nPanelists \nLee Ferridge\, Head of Multi Asset Strategy\, The Americas\, State Street Global Markets \nBrian Foerster\, CFA\, Investment Strategist\, Lord Abbett \nShamaila Khan\, Director—Emerging Market Debt\, AllianceBernstein \nJuan Mendez\, CFA\, Vice President\, Portfolio Manager\, BlackRock \n\n\n7:00 PM |  Q&A \n\n7:25 PM | CLOSING REMARKS \n\nLeo Schmidt\, CFA\, Chair\, Institutional Asset Management Group\,  CFA Society New York \n\nAdditional DetailsLearning Outcomes \n\nExamine market current expectations\nHear current thinking from influential asset managers and market strategists\nChallenge status quo thinking.\nUnderstand the concerns of market managers\n\nSponsored by URL:https://cfany.org/event/new-year-market-outlook-3/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Institutional Asset Management,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210201T120000 DTEND;TZID=America/New_York:20210201T130000 DTSTAMP:20260717T091346 CREATED:20201207T165853Z LAST-MODIFIED:20210123T003609Z UID:65092-1612180800-1612184400@cfany.org SUMMARY:Pension Manager: A Canadian View of Alternatives DESCRIPTION:OverviewA virtual Asset Owner Series™ event \nJames Burron\, CAIA\, President\, The Canadian Association of Alternative Strategies & Assets will interview Rob Goobie\, Assistant Vice-president of Collateral Management\, Derivatives and Fixed Income\, Healthcare of Ontario Pension Plan. \nCFA Society New York is thrilled to welcome CAIA members and members of other societies. Please register with CAIA or via your respective local society to secure your place at our upcoming webinars. \nAgenda12:00 PM | WELCOMING REMARKS \n\nAntonio Rodriguez\, CFA\, Director of Investment Strategy\, NYC Board of Education Retirement System \n\n\n12:05 PM | INTERVIEW\, DISCUSSION \n\nInterviewer\nJames Burron\, CAIA\, President\, Canadian Association of Alternative Strategies & Assets \n\n\nInterviewee\nRobert Goobie\, CPA\, Assistant Vice-President of Collateral Management – Derivatives and Fixed Income\, Healthcare of Ontario Pension Plan \n\n\n1:00 PM |  CLOSING REMARKS & ADJOURNMENT \n\nAndrew Auslander\, CFA\, FRM\, Managing Principal\, Agile Financial LLC \n\nAdditional DetailsAreas of Focus \n\nCashflow management\nLong-term investment planning URL:https://cfany.org/event/how-one-canadian-pension-views-global-alternatives/ LOCATION:Virtual Only CATEGORIES:AOS Virtual Keynotes,Asset Owner Series,CFA Society NY Event,Conference / Seminar,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210202T120000 DTEND;TZID=America/New_York:20210202T130000 DTSTAMP:20260717T091346 CREATED:20210115T222124Z LAST-MODIFIED:20210115T222356Z UID:65588-1612267200-1612270800@cfany.org SUMMARY:Centennial Speaker Series: Joseph Calandro Jr. on Jay Gould and the Union Pacific from the Panic of 1873-1880 DESCRIPTION:OverviewA co-sponsored event\, presented by CFA Society New York\, the Gabelli Center for Global Security Analysis\, and the Museum of American Finance \nJoin us for the latest event in the Centennial Speaker Series\, featuring Joseph Calandro Jr. \nNo one in the United States’ financial or business history is as misunderstood and under-appreciated as Jay Gould. This presentation will assess Gould’s skills as a corporate executive following his distressed investment in\, and subsequent control of\, the Union Pacific Railroad (UP). The UP was in distress due to volatility emanating from the infamous financial panic of 1873. Gould executed his turnaround in an economy devoid of monetary stimulus\, without a government bailout\, and under pressure from the government to pay back the firm’s public loans. Gould employed many modern techniques in his turnaround that are relevant to 21st-century executives. His example also serves as an important historical reminder that successful executives do not require government bailouts. \nAgenda12:00 PM | WELCOMING REMARKS \n\nDonna Rapaccioli\, Dean of the Gabelli School of Business\, Fordham University \n\n\n12:05 PM | SPEAKER INTRODUCTION \n\nDavid Cowen\, President\, Chief Executive Officer\, Museum of American Finance \n\n\n12:08 PM | DISCUSSION \n\nJoseph Calandro Jr.\, Author of Applied Value Investing\, Creating Strategic Value; Editor\, Strategy & Leadership \n\n\n12:45 PM | AUDIENCE Q&A \n\n1:00 PM |  CLOSING REMARKS \n\nDavid Cowen\, President\, Chief Executive Officer\, Museum of American Finance \n\nCo-Sponsored By URL:https://cfany.org/event/centennial-speaker-series-joseph-calandro-jr-on-jay-gould-and-the-union-pacific-from-the-panic-of-1873-1880/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Other Industry Event,Value Investing,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210202T160000 DTEND;TZID=America/New_York:20210202T180000 DTSTAMP:20260717T091346 CREATED:20201221T165457Z LAST-MODIFIED:20210129T211935Z UID:65334-1612281600-1612288800@cfany.org SUMMARY:What's New in Accounting DESCRIPTION:OverviewJoin us for a rundown of the latest news\, updates and trends in accounting. The event will begin with FASB Board Member Gary R. Buesser\, CFA\, who will offer an overview of FASB pronouncements and their respective impacts\, as well as explore the future plan and initiatives of FASB. Next\, a discussion among accounting professionals will further examine the adoption of the pronouncements and recent trends. \nOur experts will speak to the impacts of new accounting and audit standards—most specifically\, companies’ financial statements\, and the topics to which investors should pay close attention—and we will be joined by an SEC specialist who will offer guidance on compliance and cover the most prominent new developments in the related domain. \nAgenda4:00 PM | WELCOMING REMARKS \n\nArthur Fliegelman\, CFA\, Chair\, Financial Reporting & Analysis Group\, CFA Society New York \n\n\n4:05 PM | KEYNOTE SPEAKER \n\nGary R. Buesser\, CFA\, Board Member\, Financial Accounting Standards Board (FASB) \n\n\n4:35 PM | KEYNOTE SPEAKER \n\nKevin Vaughn\, CPA\, Senior Associate Chief Accountant\, US Securities and Exchange Commission \n\n\n4:50 PM | PANEL DISCUSSION \n\nModerator \nPJ Patel\, CFA\, ASA\, Co-Chief Executive Officer\, Senior Managing Director\, Valuation Research Corporation \nPanelists \nGary R. Buesser\, CFA\, Board Member\, Financial Accounting Standards Board (FASB) \nScott Taub\, CPA\, Managing Director\, Financial Reporting Advisors LLC \nKevin Vaughn\, CPA\, Senior Associate Chief Accountant\, US Securities and Exchange Commission \nMark Mahar\, Partner – Assurance Services\, Ernst & Young \n\n\n5:40 PM | Q&A  \n\n6:00 PM | CLOSING REMARKS \n\nJane Soong\, CFA\, CPA\, Vice Chair\, Financial Reporting & Analysis Group\, CFA Society New York \n\nAdditional DetailsLearning Outcomes \n\nOverview of new accounting standards effective in 2019 and 2020 financial reporting periods\nNewly announced\, effective SEC reporting issues or PCAOB requirements\nProxy season and other regulatory developments\nTax and other new developments URL:https://cfany.org/event/whats-new-in-accounting-2/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Financial Reporting and Analysis Group,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210202T180000 DTEND;TZID=America/New_York:20210202T193000 DTSTAMP:20260717T091346 CREATED:20210121T160010Z LAST-MODIFIED:20210121T160010Z UID:65656-1612288800-1612294200@cfany.org SUMMARY:Fintech Leadership Group Meeting DESCRIPTION:Group DescriptionThe mission of the Fintech Thought Leadership Group is to provide information and insight to keep members abreast of innovation and technology that will impact their business. Fintech is the technology that is driving the transformation of the financial services industry. From digital advice and blockchain to alternative data and artificial intelligence\, the group’s goal to ensure CFA Society New York members have a forward looking perspective. \n\nThis group will: \n\nDevelop programs and other initiatives to keep CFA Society New York members informed of cutting edge Fintech innovation relevant to their profession and the financial services industry.\nCollaborate with other CFA Society New York leaderships groups\, the CFAI and other stakeholders to address Fintech related issues impactful to members of the investment community.\nFacilitate discussion and thought leadership within the committee and by engaging with leaders in the greater FinTech ecosystem.\n\n\nJOIN THIS GROUP URL:https://cfany.org/event/fintech-leadership-group-meeting-2/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Committee Meeting,Fintech Thought Leadership Group,Free for Members,Group Meeting,Interest Group,Interest Group Meetings,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210203T160000 DTEND;TZID=America/New_York:20210203T173000 DTSTAMP:20260717T091346 CREATED:20210127T001711Z LAST-MODIFIED:20210128T001946Z UID:65765-1612368000-1612373400@cfany.org SUMMARY:Break Free From Imposter Syndrome: Embrace Your Competent\, Capable Self DESCRIPTION:OverviewJoin the Collaborative Women in Investment Management (WIM) Initiative and Michelle Galloway of Cooley LLP for a special interactive program to further the CFA Institute’s WIM objectives\, to support the advancement of women of all backgrounds\, and to demonstrate the commitment of the finance community to true diversity and inclusion. Together\, alongside this incredible group of finance leaders\, we will demystify imposter syndrome! \nLearning Outcomes \n\nFurther the CFA Institute’s WIM objectives\nSupport the advancement of women of all backgrounds\nDemonstrate the commitment of the finance community to true diversity and inclusion\nDemystify imposter syndrome\n\nHosted by CFA Society of Indianapolis. \nSpeakerMichelle Galloway\, Of Counsel\, Cooley LLP \nMichelle Galloway is Of Counsel for Cooley LLP\, a technology litigation practice that focuses on patent litigation and strategic counseling. Ms. Galloway also advises her clients on legal\, strategic and technical issues of information management\, as well as risk management\, compliance\, and ethics. She currently serves on the Litigation Executive Committee for the California Lawyers Association\, as well as CLA’s Racial Justice Committee\, and has a certificate in Diversity and Inclusion from Cornell. \nMichelle speaks on a wide range of both legal and leadership topics such as attorney ethics\, confidentiality and privilege\, DE&I (diversity\, equity and inclusion) topics\, elimination of bias\, health and wellness topics including mindfulness\, and communication and influence strategies. She has been a speaker at numerous conferences and meetings\, including but not limited to the California Women Lawyers and 100 Women in Finance. She received a JD from Stanford Law School and a bachelor’s degree from Stanford University\, majoring in economics and political science. \nHosted byCollaborative Women In Investment Management (WIM) Series\nAdditional DetailsLearning Outcomes \n\nFurther the CFA Institute’s WIM objectives\nSupport the advancement of women of all backgrounds\nDemonstrate the commitment of the finance community to true diversity and inclusion\nDemystify imposter syndrome URL:https://cfany.org/event/break-free-from-imposter-syndrome-embrace-your-competent-capable-self/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Diversity & Inclusion Forum,Other Industry Event,Other Industry Events,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210203T180000 DTEND;TZID=America/New_York:20210203T193000 DTSTAMP:20260717T091346 CREATED:20201130T235512Z LAST-MODIFIED:20201203T121640Z UID:64870-1612375200-1612380600@cfany.org SUMMARY:Performance & Risk Analytics Group Meeting DESCRIPTION:Group DescriptionThe Performance & Risk Analytics Group brings together performance measurement professionals engaged in the asset management industry. Its diverse membership consists of\, but is not limited to\, practitioners from asset management firms\, consulting firms\, GIPS verification firms\, software providers and custodian banks. The group meets on a regular basis to provide networking and continuing education opportunities through its planned events. \nThis group meeting\, we will focus on Investment Performance  \nJOIN THIS GROUP URL:https://cfany.org/event/performance-risk-analytics-group-meeting-3/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Committee Meeting,Free for Members,Group Meeting,Interest Group,Interest Group Meetings,Performance & Risk Analytics,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210203T180000 DTEND;TZID=America/New_York:20210203T193000 DTSTAMP:20260717T091346 CREATED:20201126T051009Z LAST-MODIFIED:20201204T204201Z UID:64796-1612375200-1612380600@cfany.org SUMMARY:Communication\, Leadership & Public Speaking: hosted by CFANY Toastmasters DESCRIPTION:OverviewDon’t present timid forecasts to CIOs or shy away from telling clients the hard truth: Let CFANY Toastmasters inject confidence and structure into your verbal and written business communication. Participate in our fun and supportive group and gain the skills to make your investment recommendations the ones that get everyone talking! \nVISIT THE CFANY TOASTMASTERS CLUB WEBSITE>> \nWhat’s in it for you?\nOn Wall Street\, rigorous analysis and airtight logic are only half the battle. To effectively put your investment ideas across\, you need to express yourself clearly and think on your feet.  Being persuasive and self-assured in meetings with colleagues and clients will improve your business results. \nHow does it work?\nDon’t worry: Everyone in CFANY Toastmasters started out sweating\, mumbling\, or with a death grip on the podium. Our program is friendly not faultfinding\, and lets you improve at your pace.  The secret is practice first\, effectiveness later.  You will never learn to become a good public speaker from reading “how to” books.  But you will love the applause following your speeches at Toastmasters and appreciate the value of constructive feedback. \nVisit our club today!\nYou won”t regret it. Toastmasters International currently has more than 200\,000 members in 80 countries.  Our CFANY club has maintained Distinguished Club status or better for several years straight\, which means our members really care about becoming polished speakers and leaders.  Check out a CFANY Toastmasters meeting to see how we can refine your stage presence! \nAdditional DetailsContinuing Education Credits – Sponsored by Kaplan Schweser \n1.5 Credits \nAs part of our commitment to raising professional standards in the industry\, CFA Society New York is dedicated to facilitating the continued education of our membership base and the financial community at-large through an expanding variety of Continued Education (CE) programs and offerings. CFANY thanks Kaplan Schweser for sponsoring the administration of our CE platform\, thereby better enabling us to provide our community with high-quality content and opportunities. URL:https://cfany.org/event/communication-leadership-public-speaking-hosted-by-cfany-toastmasters-14/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Committee Meeting,Free for Members,Group Meeting,Interest Group,Interest Group Meetings,Toastmasters,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210205T120000 DTEND;TZID=America/New_York:20210205T133000 DTSTAMP:20260717T091346 CREATED:20201209T231329Z LAST-MODIFIED:20210204T232844Z UID:65172-1612526400-1612531800@cfany.org SUMMARY:Quantitative Investing Group Meeting DESCRIPTION:OverviewWe present a novel Monte Carlo based LSV calibration algorithm that applies to all stochastic volatility models\, including the non-Markovian rough volatility family. Our framework overcomes the limitations of the particle method proposed by Guyon and Henry-Labordère (2012) and theoretically guarantees a variance reduction without additional computational complexity. Specifically\, we obtain a closed-form and exact calibration method that allows us to remove the dependency on both the kernel function and bandwidth parameter. This makes the algorithm more robust and less prone to errors or instabilities in a production environment. We test the efficiency of our algorithm on various hybrid (rough) local stochastic volatility models. \nQuantitative Investing Group×Quantitative Investing Group \nThe Quantitative Investing Group brings together professionals seeking to incorporate cutting edge quantitative investment techniques and alternative data sets in their investing and risk processes. Members include (but are not limited to) discretionary and systematic portfolio managers\, risk managers\, traders and fundamental analysts\, data strategists\, quantitative researchers\, and others. The topic covered range from quantitative alpha generation\, big data as well as alternative datasets\, quantamental signals i.e. the intersection of fundamental analysis and quantitative decision making\, mathematical and statistical aspects of modern quantitative analysis\, use of programming languages or quant tools\, Natural Language Processing\, machine learning for investing and risk management\, theory and implementation of AI in finance and more. \nJoin Group  \nCloseGuest SpeakerAitor Muguruza\nTopic: Deep Learning Volatility \nAitor Muguruza is the Head of Quantitative Modelling and Data Analytics at Kaiju Capital Management. He has previously served as a Quantitative Research Analyst at Natixis\, where he worked in the equities division.  He has been awarded the 2020 rising star award in quantitative finance by Risk Magazine due to the seminal paper “Deep Learning Volatility”.His research interests include stochastic volatility modelling\, machine learning and AI in finance. Aitor is an expert in Monte-Carlo simulation methods and proficient in C#\,C++ and Python.  URL:https://cfany.org/event/quantitative-investment-group-meeting-5/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Committee Meeting,Free for Members,Group Meeting,Interest Group,Interest Group Meetings,Quantitative Investing,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210208T130000 DTEND;TZID=America/New_York:20210208T170000 DTSTAMP:20260717T091346 CREATED:20210115T202111Z LAST-MODIFIED:20210324T204740Z UID:65552-1612789200-1612803600@cfany.org SUMMARY:M&A Deal Structures: Key Concepts for Investment Bankers - Wall Street Prep DESCRIPTION:Learn how Mergers & Acquisitions deals are structuredM&A Deal Structures Demystified \nThere’s probably no area of M&A more challenging than understanding the differences between deals structured as stock sales or asset sales/338 elections. This condensed “Power Session” will demystify these differences and walk trainees through key tax and accounting implications for both the buyer and seller. \n\n\n\nCFANY.org: $319.20Standard Rate: $399 THIS IS NOT AN ACADEMIC EXERCISE. It is taught by experienced M&A professionals with a specific focus on M&A accounting issues typically encountered on the job. Boot Camp DetailsOverview\n\nThis boot camp is an intensive instructor-led training program where trainees learn about legal and tax structures in M&A with a specific focus on the differences and contrasting motivations between asset sales and stock sales. We begin with a quick review of purchase price allocation before walking through the different transaction structures and the significant tax and accounting implications of each. We will examine the benefits and considerations of each deal structure to the buyer and seller and analyze how a negotiation can optimize their outcomes. We conclude with a look at the deal structure’s impact on financial models. \n\nVirtual Training Sign-In and Setup\n\nInstructions on signing into this virtual session will be sent to you prior to the event date. Learn about technical details and more at our Virtual Training FAQ. \n\nSchedule\n\nThis virtual training session is scheduled for 1-5p (ET). The session will use interactive exercises as learners move back and forth between classroom lecture and small group breakout rooms. \n\nWhat’s Included?\n\nComprehensive training materials and unlimited e-mail support for content-related questions for 12 months post-seminar. \n\nExperienced Instructors\n\nOur instructors are all practitioners with years of directly relevant real- world experience and have a passion for teaching. They understand the importance of teaching in a way that empowers students to apply the lessons from the classroom directly on the job. \n\nCancellation Policy\n\nParticipants may cancel up to 3 weeks prior to the event for a full refund. A 20% cancellation fee will apply up to 1 week prior to the event. No refunds will be granted for cancellations made within 1 week of the event. Wall Street Prep reserves the right to cancel the seminar if enrollment is insufficient. Trainees will be refunded in full in the event of a cancellation. \n\nBoot Camp DetailsOverviewScheduleWhat's Included?Overview\nLed by experienced sell-side professionals\, this boot camp is an introduction on how equity research professionals use financial models to provide research & insights in order to drive investment decisions. Specifically\, trainees will learn how ER professionals use earnings releases and quarterly model updates\, how they formulate investment theses\, adjustments made to normalize financial metrics to arrive at adjusted EBITDA\, and modeling best practices. \nWhat You’ll Learn\n\n\nUnderstand various factors that make up investment thesis.\nLearn how to approach earnings releases and quarterly model updates.\nGain practice in analyzing earnings reports and normalizing them to arrive at adjusted EBITDA.\nLearn how to adjust quarterly models and “wrap” quarterly into annual forecasts while handling reconciliation challenges.\nResearch considerations\n\nTypes of reports research professionals develop\nTypical research workflow around earnings releases and quarterly model updates\n\n\nResearch process\n\nFormulating of investment thesis\nDeveloping research best practices\n\n\nAnalysis of earnings reports\n\nMoving from extraction of key financial metrics to the normalization of financial metrics and adjusted EBITDA\n\n\nQuarterly model considerations\n\nAdjustments to quarterly models\n“Wrapping” quarterly into annual forecasts and handling reconciliation challenges\n\n\n\n\nSchedule\nThis virtual training session is scheduled for 1-5p (ET). The session will use interactive exercises as learners move back and forth between classroom lecture and small group breakout rooms. \nWhat's Included?\nComprehensive training materials\, reusable modifiable Excel model templates\, unlimited e-mail support for content-related questions for 12 months post-seminar. \nWho Is This Boot Camp For?\nSell-side analysts and associates\nBuy-side analysts and associates\nMBA students and business undergraduates\nAnyone looking to get a better understanding of research URL:https://cfany.org/event/ma-deal-structures-key-concepts-for-investment-bankers-4-hour-virtual-power-session/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Other Industry Event,Other Industry Events,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210209T180000 DTEND;TZID=America/New_York:20210209T193000 DTSTAMP:20260717T091346 CREATED:20201130T205854Z LAST-MODIFIED:20201130T213041Z UID:64845-1612893600-1612899000@cfany.org SUMMARY:Institutional Asset Management Group Meeting DESCRIPTION:Group DescriptionThe Institutional Asset Management Group brings together professionals engaged in the management\, oversight\, and/or advisement of institutional investments. Its diverse member base includes investment consultants\, plan sponsors\, insurance professionals\, risk managers\, derivative product specialists\, and portfolio managers and analysts in a wide variety of asset classes. The group nurtures a rich exchange of ideas and information by connecting professionals who are broadly in the same field\, but would not otherwise collaborate and network with one another. \n JOIN THIS GROUP URL:https://cfany.org/event/institutional-asset-management-group-meeting-2/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Committee Meeting,Free for Members,Group Meeting,Institutional Asset Management,Interest Group,Interest Group Meetings,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210210T180000 DTEND;TZID=America/New_York:20210210T193000 DTSTAMP:20260717T091346 CREATED:20201222T052306Z LAST-MODIFIED:20201222T053149Z UID:65337-1612980000-1612985400@cfany.org SUMMARY:Private Wealth Management Group Meeting DESCRIPTION:Group DescriptionThe Private Wealth Management Thought Leadership Group seeks to enrich and enable finance professionals to meet the modern needs of private clients\, and to remain at the forefront of professionalism and knowledge in serving private clients. The Group welcomes CFANY members who manage assets for individuals and for themselves.  Our group members are creative\, well-read\, and forward-thinking in our private discussions and in our presentations to the general membership of CFANY.  Their professional practices encompass portfolio management\, investment research\, investment advisory\, financial planning\, and firm leadership.   We focus discussions and meetings on investment strategy\, implementation\, and communications with the goal of enriching our professional experience and practice. \nThe Group pursues collaboration with other CFANY groups in programming\, especially with the Value Investing and Market Integrity Interest Groups.  The group encourages its members to participate in other activities at CFANY\, such as volunteering to grade reports\, mentoring a university team\, or judging the Final Four in the Investment Challenge. \nJOIN THIS GROUP URL:https://cfany.org/event/private-wealth-management-group-meeting-4/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Committee Meeting,Free for Members,Group Meeting,Interest Group,Interest Group Meetings,Private Wealth Management,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210211T120000 DTEND;TZID=America/New_York:20210211T133000 DTSTAMP:20260717T091346 CREATED:20201106T203026Z LAST-MODIFIED:20210209T211553Z UID:64440-1613044800-1613050200@cfany.org SUMMARY:Specialty Credit: Trade Finance DESCRIPTION:OverviewSometimes referred to as “secured income” or “alternative credit”\, Trade Finance is a generic term that covers the financing of international trade and commerce. This includes loans that finance the cross-border export of goods and services. Trade Finance differs from other types of lending\, as transactions must have an identifiable source of repayment – cash payments when goods have been delivered or title to the underlying goods when they have not yet been delivered.\n\nTrade Finance investing can vary greatly\, ranging from Investment Grade to extremely speculative. As an investment class\, it has gained traction in recent years from institutional investors seeking to improve yields versus traditional credit investments without taking on additional duration risk or impeding liquidity.\n\nDuring this event\, we will hear from a panel of industry experts on how Trade Finance has evolved as an investment class and where such strategies may fit into an investors’ portfolio.\nAgenda12:00 PM | WELCOMING REMARKS \n\nTom Arnold\, PhD\, Director\, Client Team\, Record Currency Management \n\n\n12:05 PM | PANEL DISCUSSION \n\nModerator \nDave Skirzenski\, Chief Executive Officer\, Raistone Capital \nPanelists \nFrancesco Filia\, Chief Executive Officer\, Fasanara Capital LTD \nThomas Fitzsimmons\, Specialist in Trade Finance \nHimanshu Chaturvedi\, CFA\, Managing Director\, Cambridge Associates \nTom Powell\, Director\, Kimura Capital \n\n\n1:15 PM |  Q&A \n\n1:30 PM | CLOSING REMARKS & ADJOURNMENT \n\nPhilip Clements\, CFA\, CAIA\, Associate Director\, Record Currency Management \n\nAdditional DetailsLearning Outcomes \n\nUnderstand what trade finance is and where it fits in the spectrum of credit investments\nExplain why trade finance offers an attractive alternative to traditional fixed income investments\nIdentify some of the tools available to investors that are interested in trade finance – where to invest? different markets? credit risk spectrum? URL:https://cfany.org/event/specialty-credit-trade-finance/ LOCATION:Virtual Only CATEGORIES:Alternative Investments,CFA Society NY Event,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210213T110000 DTEND;TZID=America/New_York:20210213T160000 DTSTAMP:20260717T091346 CREATED:20210115T203127Z LAST-MODIFIED:20210324T204740Z UID:65556-1613214000-1613232000@cfany.org SUMMARY:Sales & Trading: How Stocks\, Bonds and Derivatives are Traded - Wall Street Prep DESCRIPTION:Learn the trading skills to succeed as an equities\, fixed income\, currencies or commodities trader on Wall StreetLearn the Skills of a Wall Street Trader \nDesigned for new traders and those looking to break into trading\, this trading “power session” teaches the skillset of a Wall Street trader. How do you quote bids and offers? How do you make money trading client flow? How do you move in and out of large positions? how do you stay within your risk limit? \n\n\n\nCFANY.org: $479.20Standard Rate: $599 Taught by Wall Street Traders This intensive virtual training seminar is taught by Eric Cheung\, a trading professional with 10 years of experience in Rates and Credit Trading at J.P. Morgan. Boot Camp DetailsOverview\n\nThis instructor-led virtual “Power Session” is an intensive virtual training program where we will discuss how to trade the way its done on the job before putting those skills to the test in a trading simulation. \n\nVirtual Training Sign-In and Setup\n\nInstructions on signing into this virtual session will be sent to you prior to the event date. Learn about technical details and more at our Virtual Training FAQ. \n\nSchedule\n\nThis virtual training session is scheduled for 10a-4p (ET). The session will move back and forth between interactive trading simulation and classroom lecture. \n\nInstructor\n\nThis session is taught by Eric Cheung\, a trading professional with 10 years of experience in Rates and Credit Trading at J.P. Morgan. Winning the J.P. Morgan Fantasy Futures trading simulation was the first step to his career. During his interview\, when asked “How do you differentiate yourself from all the other candidates\, including many that went to target schools?” Eric’s response\, “You gave over a thousand students the same task in this trading simulation\, and I won!” \n\nCancellation Policy\n\nParticipants may cancel up to 3 weeks prior to the event for a full refund. A 20% cancellation fee will apply up to 1 week prior to the event. No refunds will be granted for cancellations made within 1 week of the event. Wall Street Prep reserves the right to cancel the seminar if enrollment is insufficient. Trainees will be refunded in full in the event of a cancellation. \n\nBoot Camp DetailsOverviewScheduleWhat's Included?Overview\nLed by experienced sell-side professionals\, this boot camp is an introduction on how equity research professionals use financial models to provide research & insights in order to drive investment decisions. Specifically\, trainees will learn how ER professionals use earnings releases and quarterly model updates\, how they formulate investment theses\, adjustments made to normalize financial metrics to arrive at adjusted EBITDA\, and modeling best practices. \nWhat You’ll Learn\n\n\nUnderstand various factors that make up investment thesis.\nLearn how to approach earnings releases and quarterly model updates.\nGain practice in analyzing earnings reports and normalizing them to arrive at adjusted EBITDA.\nLearn how to adjust quarterly models and “wrap” quarterly into annual forecasts while handling reconciliation challenges.\nResearch considerations\n\nTypes of reports research professionals develop\nTypical research workflow around earnings releases and quarterly model updates\n\n\nResearch process\n\nFormulating of investment thesis\nDeveloping research best practices\n\n\nAnalysis of earnings reports\n\nMoving from extraction of key financial metrics to the normalization of financial metrics and adjusted EBITDA\n\n\nQuarterly model considerations\n\nAdjustments to quarterly models\n“Wrapping” quarterly into annual forecasts and handling reconciliation challenges\n\n\n\n\nSchedule\nThis virtual training session is scheduled for 1-5p (ET). The session will use interactive exercises as learners move back and forth between classroom lecture and small group breakout rooms. \nWhat's Included?\nComprehensive training materials\, reusable modifiable Excel model templates\, unlimited e-mail support for content-related questions for 12 months post-seminar. \nWho Is This Boot Camp For?\nSell-side analysts and associates\nBuy-side analysts and associates\nMBA students and business undergraduates\nAnyone looking to get a better understanding of research URL:https://cfany.org/event/sales-trading-how-stocks-bonds-and-derivatives-are-traded-wall-street-prep/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Other Industry Event,Other Industry Events,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210216T130000 DTEND;TZID=America/New_York:20210216T170000 DTSTAMP:20260717T091346 CREATED:20210115T203557Z LAST-MODIFIED:20210324T204739Z UID:65562-1613480400-1613494800@cfany.org SUMMARY:DCF Modeling - Wall Street Prep DESCRIPTION:Learn DCF modeling the way it’s done on the jobBuild a DCF Model Step-By-Step \nDCF valuation is a core investment banking skill every Wall Street analyst is expected to know. This virtual “Power Session” shows trainees how to build a DCF model for a real public company and compare the output to its stock price. \n\n\n\nCFANY.org: $319.20Standard Rate: $399 THIS IS NOT AN ACADEMIC EXERCISE. Taught by experienced investment banking professionals\, this is the same intensive Excel-based training used to prepare new hires at some of the largest IB firms in the world. Boot Camp DetailsOverview\n\nUsed widely at investment banks and universities\, this seminar walks trainees step-by-step through the DCF valuation methodology\, a core investment banking skill required by any Wall Street analyst. At the end of this advanced training session\, attendees will understand how to forecast unlevered cash flow items\, calculate terminal value and construct scenario analysis. This session is ideal for both MBAs and liberal arts students with little to no finance background. \n\nVirtual Training Sign-In and Setup\n\nInstructions on signing into this virtual session will be sent to you prior to the event date. Learn about technical details and more at our Virtual Training FAQ. \n\nSchedule\n\nThis virtual training session is scheduled for 1-5p (ET). The session will use interactive exercises as learners move back and forth between classroom lecture and small group breakout rooms. \n\nWhat’s Included?\n\nComprehensive training materials and unlimited e-mail support for content-related questions for 12 months post-seminar. \n\nExperienced Instructors\n\nOur instructors are all practitioners with years of directly relevant real- world experience and have a passion for teaching. They understand the importance of teaching in a way that empowers students to apply the lessons from the classroom directly on the job. \n\nCancellation Policy\n\nParticipants may cancel up to 3 weeks prior to the event for a full refund. A 20% cancellation fee will apply up to 1 week prior to the event. No refunds will be granted for cancellations made within 1 week of the event. Wall Street Prep reserves the right to cancel the seminar if enrollment is insufficient. Trainees will be refunded in full in the event of a cancellation. \n\nBoot Camp DetailsOverviewScheduleWhat's Included?Overview\nLed by experienced sell-side professionals\, this boot camp is an introduction on how equity research professionals use financial models to provide research & insights in order to drive investment decisions. Specifically\, trainees will learn how ER professionals use earnings releases and quarterly model updates\, how they formulate investment theses\, adjustments made to normalize financial metrics to arrive at adjusted EBITDA\, and modeling best practices. \nWhat You’ll Learn\n\n\nUnderstand various factors that make up investment thesis.\nLearn how to approach earnings releases and quarterly model updates.\nGain practice in analyzing earnings reports and normalizing them to arrive at adjusted EBITDA.\nLearn how to adjust quarterly models and “wrap” quarterly into annual forecasts while handling reconciliation challenges.\nResearch considerations\n\nTypes of reports research professionals develop\nTypical research workflow around earnings releases and quarterly model updates\n\n\nResearch process\n\nFormulating of investment thesis\nDeveloping research best practices\n\n\nAnalysis of earnings reports\n\nMoving from extraction of key financial metrics to the normalization of financial metrics and adjusted EBITDA\n\n\nQuarterly model considerations\n\nAdjustments to quarterly models\n“Wrapping” quarterly into annual forecasts and handling reconciliation challenges\n\n\n\n\nSchedule\nThis virtual training session is scheduled for 1-5p (ET). The session will use interactive exercises as learners move back and forth between classroom lecture and small group breakout rooms. \nWhat's Included?\nComprehensive training materials\, reusable modifiable Excel model templates\, unlimited e-mail support for content-related questions for 12 months post-seminar. \nWho Is This Boot Camp For?\nSell-side analysts and associates\nBuy-side analysts and associates\nMBA students and business undergraduates\nAnyone looking to get a better understanding of research URL:https://cfany.org/event/dcf-modeling-wall-street-prep/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Other Industry Event,Other Industry Events,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210216T160000 DTEND;TZID=America/New_York:20210216T180000 DTSTAMP:20260717T091346 CREATED:20210125T144812Z LAST-MODIFIED:20210216T210151Z UID:65728-1613491200-1613498400@cfany.org SUMMARY:Racial Equity in Asset Management: Asset Owners’ Perspectives DESCRIPTION:OverviewA virtual Asset Owner Series™ event\, co-hosted with CFA Society New York’s Diversity & Inclusion Forum\, and the New Jersey Interest Group. \nWhat can the asset management industry do to affect positive and sustainable racial change? What unique role should asset owners play in advancing the industry? What new expectations do asset owners have of the asset managers they hire? What metrics and parameters will be used to measure asset managers\, and how will they be held accountable? \nCFA Society New York is thrilled to welcome CAIA members and members of other societies. Please register with CAIA or via your respective local society to secure your place at our upcoming webinars. \nAgendaWELCOMING REMARKS \n\nThomas Brigandi\, CFA\, Vice Chair – Board of Directors\, CFA Society New York; Founder\, Asset Owner Series \n\n\nKEYNOTE ADDRESS \n\nCory Booker\, United States Senator\, New Jersey \n\n\nPANEL \n\nModerator \nSancia Dalley\, Senior Vice President – Strategic Partnerships and Investor Engagement\, RFK Human Rights \n\nPanelists \nWilliam Lee\, CFA\, Chief Investment Officer\, New York-Presbyterian Hospital \nBrian O’Neil\, CFA\, Chief Investment Officer\, The Robert Wood Johnson Foundation \nTatiana Pohotsky\, CFA\, Chief Investment Officer\, The New York Community Trust \nCorey Amon\, CFA\, Director and Chief Investment Officer\, New Jersey Division of Investment \n\n\nCLOSING REMARKS & ADJOURNMENT \n\nAlton Crooks\, CFA\, Managing Director\, Fidelis Capital LLC \n\nAgenda4:00 PM | WELCOMING REMARKS \n\nThomas Brigandi\, CFA\, Vice Chair – Board of Directors\, CFA Society New York; Founder\, Asset Owner Series \n\n\n4:05 PM | PANEL \n\nModerator \nSancia Dalley\, Senior Vice President – Strategic Partnerships and Investor Engagement\, RFK Human Rights \n\nPanelists \nWilliam Lee\, CFA\, Chief Investment Officer\, New York-Presbyterian Hospital \nBrian O’Neil\, CFA\, Chief Investment Officer\, The Robert Wood Johnson Foundation \nTatiana Pohotsky\, CFA\, Chief Investment Officer\, The New York Community Trust \nCorey Amon\, CFA\, Director and Chief Investment Officer\, New Jersey Division of Investment \n\n\n6:00 PM |  CLOSING REMARKS & ADJOURNMENT \n\nAlton Crooks\, CFA\, Managing Director\, Fidelis Capital LLC \n\nAdditional DetailsAreas of Focus \n\nManager selection for diverse managers\nDue diligence on emerging managers in the current age\nCurrent and aspirational diversity achievements URL:https://cfany.org/event/racial-equity-in-asset-management-asset-owners-perspectives-2/ LOCATION:Virtual Only CATEGORIES:AOS Virtual Keynotes,Asset Owner Series,CFA Society NY Event,Conference / Seminar,Diversity & Inclusion Forum,New Jersey Group,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210216T180000 DTEND;TZID=America/New_York:20210216T193000 DTSTAMP:20260717T091346 CREATED:20201224T004709Z LAST-MODIFIED:20201224T004709Z UID:65389-1613498400-1613503800@cfany.org SUMMARY:Business Management Group Meeting DESCRIPTION:Group DescriptionThe Business Management Group will focus on the non-portfolio management issues that typically confront the COO and other leaders within a money management firm\, such as how to successfully launch and operate a business. These issues include\, business planning\, enterprise technology\, compliance\, market trends\, human resources\, selection of; fund administrators\, accountants\, lawyers and prime and executing brokers\, etc. A key goal of BMIG’s will be to understand the business and other risks associated with running a money management\, while serving as a bridge between the “buy” and “sell” sides. \nJOIN THIS GROUP URL:https://cfany.org/event/business-management-group-meeting-7/ LOCATION:Virtual Only CATEGORIES:Business Management,CFA Society NY Event,Committee Meeting,Free for Members,Group Meeting,Interest Group,Interest Group Meetings,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210216T180000 DTEND;TZID=America/New_York:20210216T193000 DTSTAMP:20260717T091346 CREATED:20201211T062116Z LAST-MODIFIED:20210121T230638Z UID:65230-1613498400-1613503800@cfany.org SUMMARY:Investment Strategy Roundtable DESCRIPTION:Group DescriptionThe CFA Society New York Investment Strategy Roundtable (the Roundtable) is a series of monthly meetings on current events and market insights. Driven by the diversity of its participants’ expertise and led by volunteer presenters\, the Roundtable fosters an open discussion between members on their views and focuses. Past topics include Chinese consumer loan securitization\, Dallas residential real estate boom\, pre- and post-election market sentiment and the broader implication of manufacturing automation on sector rotation. Whether you are an investment professional\, academician or market enthusiast\, you will surely find something new at the Roundtable.  \nJOIN THIS GROUP URL:https://cfany.org/event/investment-strategy-roundtable-group-meeting-9/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Committee Meeting,Free for Members,Group Meeting,Interest Group,Interest Group Meetings,NYSSA Investment Strategy Roundtable®,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;VALUE=DATE:20210217 DTEND;VALUE=DATE:20210220 DTSTAMP:20260717T091346 CREATED:20210115T205447Z LAST-MODIFIED:20210324T204737Z UID:65571-1613520000-1613779199@cfany.org SUMMARY:Financial and Valuation Modeling Boot Camp - Wall Street Prep DESCRIPTION:Presented by Wall Street Prep\, master financial and valuation modeling in this 3-day intensive virtual boot camp \nWhat You’ll LearnPerfect for finance professionals and those looking to break into the industry\, our Financial and Valuation Modeling Boot Camp will teach you how to build models the way it’s done on the job. This is the same intensive virtual training used to prepare incoming analysts at top financial institutions. \n\nLearn Financial Modeling\, Valuation\, DCF\, M&A and more!\n Taught by experienced bankers\n Includes Excel model templates\n\nCFANY.org: $1\,359 Standard Rate: $1\,699 AgendaPlease note: Each daily session goes from 9AM – 5PM EST \nView Full Syllabus\n\nDay 1 | FINANCIAL STATEMENT MODELING \n\nYou will develop a 3-statement model completely from scratch\, inputting historical data and assumptions to project out financial statements by selecting\, locating\, and developing appropriate projection drivers. \n\n\nDay 2 | DCF MODELING \n\nParticipants learn how to value the company step-by-step\, including how to estimate the weighted average cost of capital (WACC) in the real world\, how to implement commonly used approaches to calculating terminal value\, and how to use data tables to analyze a broad range of scenarios given different assumptions. \n\n\nDay 3 | M&A MODELING \n\nParticipants will build a merger model in Excel to reflect the pro forma impact of various acquisition scenarios. Key topics covered include a quick test of accretion / dilution in all-stock deals\, pricing structures (exchange ratios\, collars\, “walk-away” rights)\, purchase accounting\, and the step-by-step allocation of purchase price. \n\n\nOnline | PRE-SEMINAR EXCEL TRAINING \n\nThis boot camp assumes proficiency in Excel. Enrollment includes access to our popular Excel Crash Course for those who need an Excel refresher. \n\n\nOnline | POST-SEMINAR ONLINE ACCESS \n\nEnrollment includes lifetime access to the following online course(s): Financial Statement Modeling\, DCF Modeling\, Comps Modeling\, M&A Modeling\, LBO Modeling \n\n×Course Syllabus\nFinancial Statement Modeling\nReview key Excel skills for financial modeling \n\nBasic Excel techniques and keyboard shortcuts\nThe most accurate way to perform Excel’s basic functions without the mouse\nCustomize Excel’s default settings for effective modeling\n\nLearn to format and structure financial models to limit errors and simplify auditing \n\nStandard modeling structures and formulas\nBest practices in modeling\nLearn the correct way to check models for errors\, accuracy and integrity\nCheck and fix circular reference and iteration problems (#REF)\nTools for formula checking and auditing\n\nLearn how to present financial statement model \n\nCreate a ratios page\nPrepare a model for distribution\nLearn summary and sensitivity analysis using data tables\n\nFinancial statement model development \n\nLearn to build projection drivers\nLearn to integrate assumptions into financial models – learn what makes a good assumption\nBuild core statements:\n\nCash flow statement\nBalance sheet\nIncome statement\n\n\nBuild supporting schedules:\n\nDebt schedule\nWorking capital\nInterest schedule\nRetained earnings\nPP&E analysis\n\n\nUnderstand the interconnectivity of the core financial statements and learn how the cash flow statement\, income statement\, and balance sheet are linked.\nLearn to apply automatic “balance checks”\nUnderstand treatment of non-recurring charges and tax implications on financial models\nUnderstand implications of new FASB regulations on financial models used by investment banks and other financial institutions.\n\n\nDCF Modeling\nValuation methodologies deconstructed \n\nLearn market-based valuation\, including comparable company analysis and comparable transaction analysis using appropriate equity and enterprise value multiples (PE\, EV/EBITDA\, etc.)\nIntrinsic valuation\, including DCF and LBO (floor) valuation\nPresentation of valuation results using sensitivity analysis and data tables\n\nEnterprise value relationships \n\nParticipants learn to identify and analyze the elements of the financial statement that are key to the value of an enterprise\, including:\n\nMarket capitalization\nEnterprise value\nOptions\nPreferred stock\nMinority interests\nDebt\nCash and marketable securities\nTreasury Stock Method of Calculating Diluted Shares Outstanding\n\n\n\nCalculate free cash flows using the unlevered valuation approach \n\nUse previously built model to derive unlevered earnings and unlevered free cash flow\nHandle working capital items\, deferred taxes and long-term accruals \n\nDiscount the cash flows \n\nLearn how to derive a discount rate by deriving the cost of debt and the cost of equity\nDerive the cost of capital using CAPM\nSelect the correct discount rates\n\nCalculate the value \n\nEstimating terminal value\nCalculating enterprise value\nUsing the enterprise value to determine implied share prices\n\nSensitivity analysis \n\nAnalyze key input assumptions at various sensitivities\n\n\nM&A Modeling\nBuilding a robust merger model \n\nSetting up a control area for assumptions\nInputting deal assumptions (% cash vs. stock considerations\, purchase premium\, asset write-ups\, advisory fees\, financing fees\, and severance fees)\nCalculating shares outstanding using the treasury stock method\nAppropriate treatment of convertible securities\nAllocating purchase price and calculating goodwill\nPreparing the pushed-down balance sheet\nMaking pro forma balance sheet adjustments\nCalculating sources & uses of funds\nInputting operating & synergy projections\nCalculating the stub year period\nBuilding a pro forma income statement and making appropriate deal-related adjustments to arrive at accretion/dilution per share\nError-checking a merger model and inserting circuit breaker switches where appropriate\nSensitivity analysis: EPS accretion/dilution in stock vs. cash deal; interest rate assumptions\, premium paid\nPre-tax synergies required to break-even\, and break-even PE analysis\nRevenue\, EBITDA\, and Net Income contribution analysis\n\nAdvanced merger accounting \n\nUnderstanding the differences between asset sales (including 338h10 elections) and stock sales\nTaxation issues\, including deferred taxes created by the step-up of asset values\nLegal considerations in acquisitions\n\nCloseAdditional DetailsWho is this boot camp for? \n\nInvestment banking analysts and associates\nPrivate equity\, asset management and hedge fund associates\nCorporate finance and business development professionals\nMBA students and business undergraduates\nAnyone seeking to improve their financial modeling skill set\n\nBoot Camp DetailsOverviewScheduleWhat's Included?OverviewThis boot camp is an intensive virtual training program where trainees learn financial and valuation modeling in Excel using an intuitive\, step-by-step approach. Participants will use real case studies to build financial models from scratch the way it is done at financial institutions. The program is a synthesis of Excel modeling\, navigating through various financial reports\, and the application of accounting\, corporate finance\, and valuation courses.Schedule\nVirtual training runs daily from 9am to 5pm. The day will be filled with interactive exercises as learners move back and forth between classroom lecture\, small group breakout rooms\, competitions and 1-on-1 interaction. \nWhat's Included?\nComprehensive training materials (manuals and online exercises)\, Detailed reusable modifiable Excel model templates\, Unlimited e-mail support for content-related questions for 12 months post-seminar. URL:https://cfany.org/event/financial-and-valuation-modeling-boot-camp-wall-street-prep-feb17/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Other Industry Event,Other Industry Events,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210217T180000 DTEND;TZID=America/New_York:20210217T193000 DTSTAMP:20260717T091346 CREATED:20201126T051317Z LAST-MODIFIED:20201204T204153Z UID:64797-1613584800-1613590200@cfany.org SUMMARY:Communication\, Leadership & Public Speaking: hosted by CFANY Toastmasters DESCRIPTION:OverviewDon’t present timid forecasts to CIOs or shy away from telling clients the hard truth: Let CFANY Toastmasters inject confidence and structure into your verbal and written business communication. Participate in our fun and supportive group and gain the skills to make your investment recommendations the ones that get everyone talking! \nVISIT THE CFANY TOASTMASTERS CLUB WEBSITE>> \nWhat’s in it for you?\nOn Wall Street\, rigorous analysis and airtight logic are only half the battle. To effectively put your investment ideas across\, you need to express yourself clearly and think on your feet.  Being persuasive and self-assured in meetings with colleagues and clients will improve your business results. \nHow does it work?\nDon’t worry: Everyone in CFANY Toastmasters started out sweating\, mumbling\, or with a death grip on the podium. Our program is friendly not faultfinding\, and lets you improve at your pace.  The secret is practice first\, effectiveness later.  You will never learn to become a good public speaker from reading “how to” books.  But you will love the applause following your speeches at Toastmasters and appreciate the value of constructive feedback. \nVisit our club today!\nYou won”t regret it. Toastmasters International currently has more than 200\,000 members in 80 countries.  Our CFANY club has maintained Distinguished Club status or better for several years straight\, which means our members really care about becoming polished speakers and leaders.  Check out a CFANY Toastmasters meeting to see how we can refine your stage presence! \nAdditional DetailsContinuing Education Credits – Sponsored by Kaplan Schweser \n1.5 Credits \nAs part of our commitment to raising professional standards in the industry\, CFA Society New York is dedicated to facilitating the continued education of our membership base and the financial community at-large through an expanding variety of Continued Education (CE) programs and offerings. CFANY thanks Kaplan Schweser for sponsoring the administration of our CE platform\, thereby better enabling us to provide our community with high-quality content and opportunities. URL:https://cfany.org/event/communication-leadership-public-speaking-hosted-by-cfany-toastmasters-15/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Committee Meeting,Free for Members,Group Meeting,Interest Group,Interest Group Meetings,Toastmasters,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210218T090000 DTEND;TZID=America/New_York:20210218T101500 DTSTAMP:20260717T091346 CREATED:20210112T022954Z LAST-MODIFIED:20210204T181527Z UID:65492-1613638800-1613643300@cfany.org SUMMARY:Seeking Alpha in China Equities DESCRIPTION:OverviewChina is one of the world’s largest and most important stock markets\, and its share of index exposure is growing significantly. Join us as we learn from experts how they seek Alpha in China\, and what it takes to invest successfully in China’s equity markets. \nAgenda9:00 AM | OPENING REMARKS \n\nDavid Allen\, CFA\, Co-Chair\, Global Investing Group\, CFA Society New York \n\n\n9:05 AM | PANEL DISCUSSION \n\nModerator \nLyric Hughes Hale\, Editor-in-Chief\, EconVue \nPanelists \nWinston Ma\, CFA\, former Managing Director\, China Investment Corporation; Author\, The Digital War and The Hunt for Unicorns \nKenton Kilmer\, Vice President\, Young America Capital \nJianan Liu\, Ph. D.\, Head of Factor Investing Strategies\, Shanghai Mingshi Investment Management; Assistant Professor\, University of Hong Kong \n\n\n9:50 AM | Q&A \n\n10:10 AM |  CLOSING REMARKS \n\nMartin Pomp\, CFA\, Co-Chair\, Global Investing Group\, CFA Society New York \n\nAdditional DetailsLearning Outcomes \n\nHow current practitioners are adding value through active management in Chinese Equities\nOverview of the Global Macro environment with a focus on the outlook for China\nUpdate on domestic and geopolitical considerations for foreign investments in China URL:https://cfany.org/event/seeking-alpha-in-china-equities/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Conference / Seminar,Global Investing Group,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210219T120000 DTEND;TZID=America/New_York:20210219T133000 DTSTAMP:20260717T091346 CREATED:20201211T065858Z LAST-MODIFIED:20210212T024227Z UID:65253-1613736000-1613741400@cfany.org SUMMARY:Sustainable Investing Group Meeting DESCRIPTION:Group DescriptionThe Sustainable Investing Thought Leadership Group provides a forum to advance the dialogue around the role of sustainable investing (SI) in today’s markets. Programs focus on current SI issues\, including those related to fiduciary responsibility and risk management. Members seek to identify the challenges and rewards of incorporating environmental\, social\, and governance factors in security analysis.  \nJOIN THIS GROUP \nGuest SpeakerColleen Orr\nSenior US Policy Analyst\nUN-supported Principles for Responsible Investment (UNPRI) \nColleen Orr is a Senior US Policy Analyst for the UN-supported Principles for Responsible Investment (UNPRI). In her role as Senior Policy Analyst\, Ms. Orr advocates for corporate disclosure of environmental\, social and governance factors to improve capital markets; analyzes and prepares comments and briefings on US and global policy regulations; and fosters relationships with the PRI’s global signatory base\, US policymakers\, regulators and advocacy organizations to promote the PRI’s policy priorities. Learn More URL:https://cfany.org/event/sustainable-investing-group-meeting-12/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Committee Meeting,Free for Members,Group Meeting,Interest Group,Interest Group Meetings,Sustainable Investing,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210223T100000 DTEND;TZID=America/New_York:20210223T180000 DTSTAMP:20260717T091346 CREATED:20210115T205933Z LAST-MODIFIED:20210324T204736Z UID:65573-1614074400-1614103200@cfany.org SUMMARY:Private Equity Deal Process - Wall Street Prep DESCRIPTION:Presented by Wall Street Prep and led by former private equity professionals\, this advanced 1 day virtual seminar takes a deep dive into the PE deal process and the day-to-day responsibilities of a PE professional. \nWhat You’ll LearnThe PE Deal Process Demystified \nThe Private Equity Deal Process Boot Camp is an insider’s walkthrough of the key phases of the PE deal process. We bring you through the major PE deal checkpoints and describe how junior professionals can add value to the deal team. \nLed By Experienced PE Professionals \nThis boot camp is not an academic exercise: It is taught by PE professionals who have been involved in some of the most high-profile private equity deals in the last 10 years. \nUsed by Top Financial Institutions \nThis is the same training program used by some of the largest PE firms in the world to prepare new hires for the job. \nCFANY.org: $1\,199.20 Standard Rate: $1\,499 AgendaThis virtual session goes from 9am-5pm EST \nSummary | PE DEAL PROCESS \n\nThe boot camp focuses on the private equity deal process. Participants will learn about the PE roles and responsibilities throughout each phase of a deal\, from the review of teasers and first round bids\, to the due diligence process\, the LOI phase\, and progressing all the way to deal closing. \nView Full Syllabus\n\nOnline | PRE-SEIMNAR EXCEL TRAINING \n\nThis boot camp assumes proficiency in Excel. Enrollment includes access to our popular Excel Crash Course for those who need an Excel refresher. \n\n\nOnline | POST-SEMINAR ONLINE ACCESS \n\nEnrollment includes lifetime access to the following online course(s): Financial Statement Modeling\, LBO Modeling \n\n×Course Syllabus\nThe Private Equity Deal Process and Day to Day Responsibilities\nThe boot camp begins with a discussion of the private equity deal process. Participants will learn about the PE roles and responsibilities throughout each phase of a deal\, from the review of teasers and first round bids\, to the due diligence process\, the LOI phase\, and progressing all the way to deal closing. \n\nPre-deal process \n\nPre-deal roles and responsibilities: Who does what?\nDeal sourcing\nTeasers\nNDA/CA\n\nFirst-round bid/IOI phase \n\nFirst round bids/IOI roles and responsibilities: Who does what?\nReviewing CIMs and OMs\nBuilding the Mini-model\nDeal review materials\nManagement presentations\n\nDiligence/LOI phase \n\nDiligence/ LOI phase roles and responsibilities: Who does what?\nQuality of earnings\nDeal financing\nThe data room process\nMaking the decision and drafting the letter of intent\n\nPost-LOI phase \n\nPost LOI deal phase roles and responsibilities: Who does what?\nDeal updates and final model\nNegotiating key terms in the purchase agreement\nNegotiating key terms in the credit agreements\nTransition services agreements\n\nDeal closing \n\nDeal closing roles and responsibilities: Who does what?\nGetting regulatory approval\nWorking capital adjustments\nFunds flow\n\nCloseAdditional DetailsWho is this boot camp for? \n\nIncoming and prospective PE associates\nAsset management and hedge fund associates\nInvestment banking analysts and associates\nCorporate finance and business development professionals\nMBA students and business undergraduates\n\nBoot Camp DetailsOverviewInstructorsWhat's Included?Overview\nLed by former private equity professionals\, this course takes a deep dive into the Private Equity deal process and the day-to-day responsibilities of a PE professional. Designed for incoming and prospective PE associates as well as investment bankers and lenders working with PE clients\, this boot camp is an insider’s walkthrough of the key phases of the PE deal process. We bring you through the major PE deal checkpoints (Pre-Deal\,First Round Bid/IOI\,Diligence Deep Dive/LOI\, Post-LOI\, Closing) and describe how junior professionals can add value to the deal team. \nWhat You’ll Learn\n\n\nThis boot camp will demystify each phase of the PE deal process.\nUnderstand the day-to-day responsibilities of a Private Equity professional.\nLearn how you can add value to your deal team through each PE deal phase.\nDesigned for incoming and prospective PE associates as well as investment bankers and lenders working with PE clients.\nTaught by PE professionals who have been involved in high-profile PE deals.\nThe pre-deal process:\n\nPre-deal roles and responsibilities: Who does what?\nDeal sourcing\nTeasers\nNDA/CA\n\n\nThe first-round bid/IOI phase:\n\nFirst round bids/IOI roles and responsibilities: Who does what?\nReviewing CIMs and OMs\nBuilding the Mini-model\nDeal review materials\nManagement presentations\n\n\nThe diligence/LOI phase:\n\nDiligence/ LOI phase roles and responsibilities: Who does what?\nQuality of earnings\nDeal financing\nThe data room process\nMaking the decision and drafting the letter of intent\n\n\nPost-LOI phase\n\nPost LOI deal phase roles and responsibilities: Who does what?\nDeal updates and final model\nNegotiating key terms in the purchase agreement\nNegotiating key terms in the credit agreements\nTransition services agreements\n\n\nDeal closing\n\nDeal closing roles and responsibilities: Who does what?\nGetting regulatory approval\nWorking capital adjustments\nFunds flow\n\n\n\n\nInstructors\nJessica Holton\nMost recently\, Jessica was an associate in the Carlyle Group’s U.S. Buyout Consumer & Retail group where she focused on evaluating investments\, building valuation models\, conducting financial analysis and diligence and managing portfolio companies within the consumer and retail space. Before Carlyle\, Jessica was an analyst in the Financial Sponsors Group at Morgan Stanley\, where she advised private equity clients on buy-side\, sell-side\, public offerings and refinancing opportunities. \n\nMichael Stack\nBefore joining Wall Street Prep\, Michael was Director of Product Development at DICK’S Sporting Goods\, Inc. Prior to attending business school\, he was an Associate at Warburg Pincus\, a global private equity firm with more than $44 billion in assets under management. He began his career at PJ Solomon\, a boutique investment bank\, as an analyst advising clients primarily on M&A transactions. \nWhat's Included?\nComprehensive training materials (manuals and online exercises)\, Detailed reusable modifiable Excel model templates\, Unlimited e-mail support for content-related questions for 12 months post-seminar. URL:https://cfany.org/event/private-equity-deal-process-wall-street-prep/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Other Industry Event,Other Industry Events,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210223T170000 DTEND;TZID=America/New_York:20210223T190000 DTSTAMP:20260717T091346 CREATED:20201207T143232Z LAST-MODIFIED:20210218T010159Z UID:65082-1614099600-1614106800@cfany.org SUMMARY:What Investors Need to Know about Audits DESCRIPTION:OverviewThe CFA Society New York presents an in-depth conversation that will familiarize investors with the audit process\, highlighting relevant case studies and procedural changes in light of recent PCAOB and SEC actions. Audits are a critical part of ensuring the veracity of reported financial information\, which investors depend on to develop and maintain a sound investment strategy. \nJoin us as we participate in a two-hour deep dive into the audit process. A series of experts will teach attendees how to recognize Critical Audit Matters and apply that information to their investment strategy. The discussion will feature recent examples that have triggered changes to international auditing\, including WireCard and Luckin Coffee\, as well as an explanation of what that means for US-based investors. \nAs professionals who are trained to verify financial statements\, auditors are essential to the accurate evaluation of current and proposed investments; however\, investors must still contend with misinformation and\, occasionally\, unreliable statements. Register now to learn what signals to look out for when evaluating financial statements and gain a better understanding of how the audit process continues to evolve to meet the needs of today’s financial professionals. \nAgenda5:00 PM | OPENIING REMARKS \n\nArthur Fliegelman\, CFA\, Chair\, Financial Reporting & Analysis Group at CFA Society New York \n\n\n5:05 PM | PROGRAM OVERVIEW  \n\nThomas Ray\, CPA\, Distinguished Lecturer\, Baruch College \n\n\n5:15 PM | KEYNOTE PRESENTATION \nModerated by: Thomas Ray\, CPA\, Distinguished Lecturer\, Baruch College \n\nJay Brown\, Former Board Member\, Public Company Accounting Oversight Board \n\n\n5:35 PM | Q&A \n\n5:45 PM | BREAK \n\n5:50 PM | KEYNOTE PRESENTATION \nModerated by: Thomas Ray\, CPA\, Distinguished Lecturer\, Baruch College \n\nFrancine McKenna\, CPA\, Founder and Editor\, The Digging Company LLC \n\n\n6:10 PM | Q&A \n\n6:20 PM | BREAK \n\n6:25 PM | WHAT HAVE WE LEARNED FROM 2019 CRITICAL AUDIT MATTERS REPORTING \nModerated by: Thomas Ray\, CPA\, Distinguished Lecturer\, Baruch College \n\nMohini Singh\, ACA\, Director\, Financial Reporting Policy Group\, CFA Institute \nDerryck Coleman\, Director of Research Analytics\, Audit Analytics \n\n\n6:50 PM | Q&A \n\n7:00 PM | CLOSING REMARKS \n\nFrancisco Vazquez Ahued\, FRM\, CFA\, Public Finance Consultant \n\nAdditional DetailsLearning Outcomes \n\n Recognize and apply Critical Audit Matters\nUnderstand the impact of WireCard and Luckin Coffee on US-based investor needs\nDiscover procedural changes that stem from PCAOB and SEC actions\n\nCo-Organizer URL:https://cfany.org/event/what-investors-need-to-know-about-audits/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Financial Reporting and Analysis Group,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210224T100000 DTEND;TZID=America/New_York:20210224T180000 DTSTAMP:20260717T091346 CREATED:20210115T204808Z LAST-MODIFIED:20210324T204737Z UID:65569-1614160800-1614189600@cfany.org SUMMARY:Biotech SOTP Valuation - Wall Street Prep DESCRIPTION:What You’ll LearnValue a Pre-Revenue Biotech\nWant to value a clinical-stage\, pre-revenue biotech? An ordinary discounted cash flow analysis won’t cut it. Instead\, you need to build a long-range sum-of-the-parts valuation. \nThis advanced virtual “Power Session” walks participants through the step-by-step process of valuing a biotech company \nTaught by Experienced Professionals\nThis is NOT an academic exercise. It is taught by a healthcare-focused investment banking professional who understands how SOTP valuation is done on the job. \nCFANY.org: $799.20 Standard Rate: $999 AgendaThis virtual session goes from 9am-5pm EST \nSummary | PE DEAL PROCESS \n\nThe boot camp focuses on the private equity deal process. Participants will learn about the PE roles and responsibilities throughout each phase of a deal\, from the review of teasers and first round bids\, to the due diligence process\, the LOI phase\, and progressing all the way to deal closing. \nView Full Syllabus\n\nOnline | PRE-SEIMNAR EXCEL TRAINING \n\nThis boot camp assumes proficiency in Excel. Enrollment includes access to our popular Excel Crash Course for those who need an Excel refresher. \n\n\nOnline | POST-SEMINAR ONLINE ACCESS \n\nEnrollment includes lifetime access to the following online course(s): Financial Statement Modeling\, LBO Modeling \n\n×Course Syllabus\nThe Private Equity Deal Process and Day to Day Responsibilities\nThe boot camp begins with a discussion of the private equity deal process. Participants will learn about the PE roles and responsibilities throughout each phase of a deal\, from the review of teasers and first round bids\, to the due diligence process\, the LOI phase\, and progressing all the way to deal closing. \n\nPre-deal process \n\nPre-deal roles and responsibilities: Who does what?\nDeal sourcing\nTeasers\nNDA/CA\n\nFirst-round bid/IOI phase \n\nFirst round bids/IOI roles and responsibilities: Who does what?\nReviewing CIMs and OMs\nBuilding the Mini-model\nDeal review materials\nManagement presentations\n\nDiligence/LOI phase \n\nDiligence/ LOI phase roles and responsibilities: Who does what?\nQuality of earnings\nDeal financing\nThe data room process\nMaking the decision and drafting the letter of intent\n\nPost-LOI phase \n\nPost LOI deal phase roles and responsibilities: Who does what?\nDeal updates and final model\nNegotiating key terms in the purchase agreement\nNegotiating key terms in the credit agreements\nTransition services agreements\n\nDeal closing \n\nDeal closing roles and responsibilities: Who does what?\nGetting regulatory approval\nWorking capital adjustments\nFunds flow\n\nCloseAdditional DetailsWho is this boot camp for? \nThis course is designed for professionals and those pursing a career in the following finance careers: \n\nInvestment Banking\nVenture Capital\nPrivate Equity\n+ Anyone who wants to learn how professionals build a biotech-sum-of-the-parts valuation\n\nBoot Camp DetailsOverviewScheduleWhat's Included?Overview\nThis course is an intensive instructor-led training program where trainees learn how to value a clinical-stage\, pre-revenue biotech by building a long-range sum-of-the-parts valuation. Ideal for investment banking\, private equity and VC professionals focusing on the biotechnology industry\, this seminar bridges the gap between academics and the real world and equips trainees with the practical modeling skill set needed to build a biotech SOTP valuation. \nWhat You’ll Learn\n\n\nMarket size and revenue benchmarking for a therapeutic asset in clinical development.\nDetermine the appropriate launch curve to achieve full market penetration once a therapy is approved.\nApply the appropriate “probability of success” to a clinical-stage pre-revenue biotech company.\nApply key assumptions and tie together a long-range forecast of multiple products with a DCF analysis.\nBuild-up of operating expenses including a salesforce analysis for a “go-it-alone” marketing strategy.\nKey learning objectives include\n\nOverview of a sum of the parts valuation\nMajor building blocks for a biotech SOTP\nModel assumptions dashboard\nBiotech company lifecycle\nIdentify peak revenue opportunity\nTherapeutic areas overview\nProduct launch timing and uptake curve\nPatent life and loss of exclusivity\nRoad to commercialization\nFDA clinical trials\nBuilding a commercial infrastructure\nCompleting the SOTP\nProbability of success\nFinalizing the valuation model\nValuation sensitivities\n\n\n\n\nSchedule\nThis virtual training session is scheduled for 10a-6p (ET). The session will use interactive exercises as learners move back and forth between classroom lecture and small group breakout rooms.\nWhat's Included?\nComprehensive training materials (manuals and online exercises)\, Detailed reusable modifiable Excel model templates\, Unlimited e-mail support for content-related questions for 12 months post-seminar. URL:https://cfany.org/event/biotech-sotp-valuation-wall-street-prep/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Other Industry Event,Other Industry Events,Virtual Events & Programming END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/New_York:20210225T130000 DTEND;TZID=America/New_York:20210225T170000 DTSTAMP:20260717T091346 CREATED:20210115T210218Z LAST-MODIFIED:20210324T204735Z UID:65575-1614258000-1614272400@cfany.org SUMMARY:Introduction to Equity Research Modeling & Analysis - Wall Street Prep DESCRIPTION:Demystifying Equity ResearchLearn Quarterly Modeling & Research Best Practices \nLearn how research professionals approach earnings releases and quarterly model updates\, how they formulate the investment thesis\, what adjustments they make to normalize financial metrics to arrive at adjusted EBITDA\, and best practices when working with quarterly models. \nLed By Experienced Sell-Side Equity Research Professionals \nThis is an abbreviated version of the training used to onboard sell side research associates at bulge bracket investment banks. \n\n\n\nCFANY.org: $319.20Standard Rate: $399 THIS IS NOT AN ACADEMIC EXERCISE. Training is led by experienced sell-side professionals who explain how it’s done on the job. Boot Camp DetailsOverviewScheduleWhat's Included?Overview\nLed by experienced sell-side professionals\, this boot camp is an introduction on how equity research professionals use financial models to provide research & insights in order to drive investment decisions. Specifically\, trainees will learn how ER professionals use earnings releases and quarterly model updates\, how they formulate investment theses\, adjustments made to normalize financial metrics to arrive at adjusted EBITDA\, and modeling best practices. \nWhat You’ll Learn\n\n\nUnderstand various factors that make up investment thesis.\nLearn how to approach earnings releases and quarterly model updates.\nGain practice in analyzing earnings reports and normalizing them to arrive at adjusted EBITDA.\nLearn how to adjust quarterly models and “wrap” quarterly into annual forecasts while handling reconciliation challenges.\nResearch considerations\n\nTypes of reports research professionals develop\nTypical research workflow around earnings releases and quarterly model updates\n\n\nResearch process\n\nFormulating of investment thesis\nDeveloping research best practices\n\n\nAnalysis of earnings reports\n\nMoving from extraction of key financial metrics to the normalization of financial metrics and adjusted EBITDA\n\n\nQuarterly model considerations\n\nAdjustments to quarterly models\n“Wrapping” quarterly into annual forecasts and handling reconciliation challenges\n\n\n\n\nSchedule\nThis virtual training session is scheduled for 1-5p (ET). The session will use interactive exercises as learners move back and forth between classroom lecture and small group breakout rooms. \nWhat's Included?\nComprehensive training materials\, reusable modifiable Excel model templates\, unlimited e-mail support for content-related questions for 12 months post-seminar. \nWho Is This Boot Camp For?\nSell-side analysts and associates\nBuy-side analysts and associates\nMBA students and business undergraduates\nAnyone looking to get a better understanding of research URL:https://cfany.org/event/ntroduction-to-equity-research-modeling-analysis-wall-street-prep/ LOCATION:Virtual Only CATEGORIES:CFA Society NY Event,Other Industry Event,Other Industry Events,Virtual Events & Programming END:VEVENT END:VCALENDAR