NYSSA NEWS
June 10, 2009 June 2009   VOLUME 2 ISSUE 5  
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Upcoming Presentations
All programs will be held at NYSSA (1177 Avenue of the Americas, 2nd Floor, NYC) unless otherwise indicated.

2009 Annual Dinner
Date/Time: June 17, 2009 | 6:00 p.m.–9:00 p.m.
Location: The Westin New York at Times Square
270 West 43rd Street (8th Avenue)
Price: Member $95
Member + Guest $190
Nonmember $175
Registration Deadline: June 12, 2009
Join us at our Annual Dinner to honor the Volunteers of the Year, SEMI scholarship recipients, and Investment Research Challenge winners. This year's dinner includes a fundraiser, so be ready to bid on some great items! All of your contributions will benefit our educational programs and are 100% tax deductible.
Bronze Sponsor Donor

NYSSA’s Career Development & Student Committees present
Career Chat:
Technology and Its Impact on Client Service Delivery:  Find Out What You Need to Know to Stay Competitive

Date/Time: July 16, 2009 | 6:00 p.m.–8:00 p.m.
Price: Members Free | Nonmembers $25
Registration Deadline: July 13, 2009
Come hear a panel of professionals from different sectors of the financial services industry discuss how technology changes have, and will continue to, impact the industry. Learn more about the impact of these changes, the resultant product innovations, potential new career paths and the skills needed to be successful.

     
NYSSA's Derivatives Committee presents
Diversification and Use of New Volatility-Based Index Products
Date/Time: June 18, 2009 | 12:00 p.m.–1:30 p.m.
Price: Members $50 | Nonmembers $75
Registration Deadline: June 15, 2009
Credit: 1 CE/CPE
During the financial crisis of the past year, many investors were distressed to learn that asset classes in their portfolios had fallen in value and had not provided desired diversification protection. However, volatility indexes experienced steep rises over the past year, and investors have inquired as to whether volatility-based products could serve as diversification and risk management tools in the event of a big decline in the prices of traditional asset classes. The speakers will provide an overview of strategies and pricing regarding the use of powerful new volatility-based index products for diversification and risk management.

NYSSA’s Career Development Committee presents
Friday Career Coffee: Speed Your Career Forward with Smart Networking
Date/Time: July 17, 2009 | 8:00 a.m.–9:00 a.m.
Price: Members Free | Nonmembers $25
Registration Deadline: July 14, 2009
In this hands-on, interactive session, trainer Pat Drew will help you confront the most difficult barriers to successful networking and introduce the skills that will move your career into high gear.

     
NYSSA’s Career Development Committee presents
Friday Career Coffee:
Bridging Regular Employment with Consulting

Date/Time: June 19, 2009 | 8:00 a.m.–9:00 a.m.
Price: Members Free | Nonmembers $20
Registration Deadline: June 16, 2009
In today’s business environment, freelance consulting is becoming increasingly appealing, whether to bridge employment or as a permanent career choice. But where do you start? Join this highly interactive discussion, where we’ll address best practices of freelance consulting.

NYSSA’s Career Development Committee presents
Author Series: How Extraordinary Managers Win in a World Turned Upside Down
Date/Time: July 23, 2009 | 5:30 p.m.–7:45 p.m.
Price: Members Free | Nonmembers $25
Registration Deadline: July 20, 2009
Based on dozens of interviews with top investors and the author’s own experience as an equity analyst at JP Morgan Asset Management, The Moneymakers: How Extraordinary Managers Win in a World Turned Upside Down gathers and shares this insight for the first time. Author Anne-Marie Fink will discuss what defines moneymakers, the role of management quality in assessing investment decisions, and how to apply these insights to investing in your most important asset, your career.

     
NYSSA’s Institutional Asset Management Committee presents
FASB 157: Compliance Strategies and Lessons Learned
Date/Time: July 8, 2009 | 8:30 a.m.–10:00 a.m.
Price: Member $35 | Nonmember $60
Registration Deadline: July 3, 2009
Credit: 1 CE/CPE
How does FASB Staff Position 157-4 affect asset valuation when the asset is thinly traded or has no observable market value? Should hard to value assets become exchange traded to increase the transparency?Attend this event to learn about the key terms of FASB 157, compliance strategies and lessons learned in the adoption of this rule.
Market Forecast: The Economy and Markets at the Crossroads
Date/Time: August 4, 2009 | 11:30 a.m.–2:00 p.m.
Price: Member $75 | Nonmember $115
Registration Deadline:
The stock market rally that began in early March sparked hope that the global economy has seen the worst of the recession. Yield spreads have moved closer to normal and credit has begun to flow with grater regularity. Yet, there remains significant doubt among many investors that the rise in stocks and the return to some semblance of normality in the credit markets is justified by the current and future state of the economy. Additionally, a high and rising level of concern of many investors is the degree of government activism exhibited by the Obama administration and the democrats in Congress. Join us for a spirited and insightful discussion on these and other key investment topics.
     
Career Day
Date/Time: July 9, 2009 | 9:00 a.m.–5:00 p.m.
Price:
Members only
Workshops $25 each | Interviewing Coaching $75 | Resume Coaching $75
Visit the Career Day page for session details.
A strong resume and interviewing savvy are key components in landing the job that you want. Presentations on resume writing and interviewing skills will run concurrently throughout the day along with sessions of one-on-one coaching. The workshops are designed to give you the information you need in an interactive, 90-minute format. Individualized coaching, an especially important tool, will help identify what competencies you need to master.

NYSSA’s Career Development Committee presents
Career Chat:
Opportunities in the Insurance Sector

Date/Time: August 13, 2009 | 6:00 p.m.–8:00 p.m.
Price: Members Free | Nonmembers $25
Registration Deadline: August 10, 2009
Come hear a panel of experts discuss career opportunities and challenges in the insurance sector. Learn about the skills needed to succeed in the industry.

     
NYSSA’s Institutional Asset Management Committee presents
Asset Allocation in a Time of Crisis
Date/Time: July 15, 2009 | 5:30 p.m.–8:00 p.m.
Price: Member $75 | Nonmember $115
Registration Deadline: July 10, 2009
Credit: 1 CE/CPE
Institutional investors, just like the rest of us, have suffered through one of the worst periods in the markets in modern financial times. How has this affected their asset allocation outlook and decision-making process on a look-forward basis? Join us to find out how.

NYSSA’s Career Development Committee presents
Friday Career Coffees: Positioning and Interviewing for Career Advancement
Date/Time: August 21, 2009 | 8:00 a.m.–9:00 a.m.
Price: Members Free | Nonmembers $25
Registration Deadline: August 18, 2009
Bring your pencil, pad and an open mind ... this presentation will lay out a strategy for achieving your career objectives using a combination of reliable marketing solutions. Topics include: defining the scope of the problem, myths about career advancement, analyzing yourself as a competitive product (key issue), and marketing strategies and methods for communicating your value.




































































































Other Industry Events
New York University School of Continuing and Professional Studies presents
New Summer Intensive––Women in Finance

Date/Time: June 15–19, 2009 | 9:00 a.m.–5:00 p.m.
Location: 11 West 42 Street, Room 401, NYC
Registration: Register by May 29 and receive a 25% discount.
Join the NYU-SCPS Finance Department for an informative weeklong program on women in finance and the changing financial industry, featuring prominent women financial executives. Learn about the long-term challenges facing the industry and listen as our featured speakers share their successes and insights into future opportunities.
For additional details, please call (212) 992-3402.
Farmhouse Equity Research, LLC presents
Secrets of Successful Channel Checking
Date/Time: June 19, 2009 | 8:30 a.m.–12:30 p.m.
Location: The Cornell Club New York, 6 East 44th Street, NYC
Until now, no one has systematically taught investment professionals how to perform Channel Checks, the basis of all good stock picking. You may have gleaned some useful skills through trial and error, or you may have avoided direct research because your results have been lackluster. Either way, if you currently do your own channel checks or if you use ‘expert networks’ to identify industry contacts, you clearly appreciate the value of fundamental channel research. To get the most benefit from the services you use and the time you invest in doing channel research, you need to know how to effectively and efficiently conduct interviews, interpret channel data and stay compliant with all securities regulations.
Click here for more information.

 
PRINTER FRIENDLY VERSION
S&P White Papers




Benchmarking Target Date Funds
In the target date world, one challenge has been benchmarking. Since these funds hold multiple asset classes and vary cross-sectionally by asset class inclusion and weight, traditional single-asset class benchmarks are not appropriate. In this research paper, Standard & Poor’s discusses several benchmarking approaches for target date funds.
Click here to read the research paper.

 
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