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The Competitive Dynamics along the Drug Supply Chain
by Matt Coffina and Damien Conover, CFA
What is the Drug Supply Chain
Surprisingly, drugs change hands several times from the original manufacturers to the patients. Along this path, several industries serve as middlemen offering both physical distribution and financing for the drugs. The major players include drug companies, distributors, retail pharmacies, pharmacy benefit managers (PBMs), payors and patients. Each of these players strives to negotiate deals from suppliers and customers in order to maximize their profits. |
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Career Center sponsored by 
Where to Place Resume Keywords
by Alice Ain Rich
Keywords are important in on-line resumes. A resume that lacks the proper keywords will yield little chance of an interview if it's evaluated in digital form. The trickier question is: Where is the best place to put the keywords in your resume? |
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Real Estate Portfolio Allocation and Today’s Marketplace: While Private Real Estate Struggles, Listed Real Estate Begins to Rebound
by Jerry Moskowitz, Director of Business Development, FTSE Americas
In cooperation with the National Association of Real Estate Investment Trusts (NAREIT)
After a rocky end to 2008 and a tumultuous market environment through first quarter 2009, individual and institutional investors worldwide are closely examining their portfolios—assessing losses, identifying opportunities, and looking for signals from the marketplace as to what may be next. Despite the looming credit crisis, equity markets have improved, and there have been optimistic whispers that the worst may be behind us. But what is going on in the real estate market? |
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Madoff Trustee Speaks to The Investment Professional®
Excerpted from “Picking Up the Pieces: Stephen Harbeck and Irving Picard on the Lehman and Madoff Cases”
by Lori Pizzani
Forthcoming in The Investment Professional, The Journal of the
New York Society of Security Analysts®, Vol. 2, No. 4, Fall 2009
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Irving Picard | Pizzani: Mr. Picard, you were appointed trustee of the Bernard Madoff case on December 15, 2008. What’s the role of the court-appointed, SIPC (Securities Investor Protection Corporation), trustee?
Picard: The role and duties of the trustee are outlined in the statute [the Securities Investor Protection Act of 1970]. My job has lots of parts. I collect assets. I was running a business for awhile in the Madoff case ... We even kept the employees on for four or five months because we were trying to sell that business, and we felt there was more value to it with its people.
In April we sold that business. [Madoff’s market-making business was auctioned off and sold to Castor Pollux for $1 million plus up to $24.5 million in deferred compensation.] |
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Committee Spotlight
Institutional Asset Management
The Institutional Asset Management Committee provides a forum for discussion on current issues of interest to investment professionals engaged in or contributing to asset management. Our rapidly changing investment climate offers an abundance of topical issues worthy of C-level, portfolio manager, and analyst attention as both specialists and management in the asset management field, in addition to those professionals who are not currently involved but who wish to be. |
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Entrepreneurial Tip Corner
Act Fast on Stimulus Act Tax Planning Opportunities
by Michael Herz, CPA, MBA
Certain tax breaks were enacted through Congress as part of the Stimulus bill, but are temporary and will be gone or significantly reduced at the end of 2009. Since I annually subscribe and utilize Lacerte Tax Preparation Software, they have been kind enough to provide their subscribers a “Twenty-Two Last-Chance Opportunities for Tax Savings” list. They suggest that subscribers share the list with clients and prospective clients. The end of 2009 is fast approaching so act and act fast! |
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Best Practices in Hedge Fund Management
by Martin Rosenburgh, Esq.
With so much uncertainty and a great deal at stake regarding the future of hedge funds and what constitutes “best practices” in management, NYSSA’s Alternative Investments and Institutional Asset Management Committees recently held an event to address such issues, bringing together representatives from every corner of the industry. |
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Book Review
by William A. Hayes
Making Sense of the Dollar: Exposing Dangerous Myths about Trade and Foreign Exchange by Marc Chandler. Bloomberg Press. 2009.
The possible impact of our escalating budget deficits, heavily financed by overseas money, has created concern about the future of the dollar. This concern has not been matched by education and knowledge on foreign exchange, even among financial professionals. |
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NYSSA Seeks Volunteers to Help with CFA® Study Groups
NYSSA is currently seeking a member volunteer to help coordinate CFA study groups beginning with the June 2010 exam. |
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Federal Grant Money Available for CFA® and Professional Development Courses
If you are registered as an unemployed NYSSA member and were employed by one of the 31 companies listed, you may qualify to have your tuition for a NYSSA professional development and/or CFA preparatory course paid by the National Emergency Grant (NEG) through the New York State Department of Labor. |
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New Members
Welcome NYSSA's newest members! |
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Why SEMI: A Former SEMI Participant Discusses the Experience
Like most finance and investments undergraduate students in Baruch College’s Zicklin School of Business, I was preparing to land a job at one of the major financial firms. But virtually no one anticipated the global financial meltdown that began in the summer of 2007 and led to the demise of many of the world’s largest financial firms. This made an already competitive job market more competitive. |
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FEATURED EVENT
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Alternative Investments and Other Wealth Imperatives for 2010 & Beyond
Are we in for a period of stability, stagnation, or growth? Whatever your position, you will benefit from a range of insights and thinking. Join us at the Wealth Summit to see what’s ahead in 2010 for sophisticated investors and wealth managers.
Featuring:
Abby Joseph Cohen, Senior Investment Strategist, Goldman Sachs
Robert Doll, Chief Investment Officer, BlackRock
Joel Greenblatt, Author of bestseller, The Little Book That Beats the Market
Who should attend:
High-net-worth investors
Wealth managers
Private bankers
Investment advisors
Portfolio managers
Family office executives
Tax and estate planning experts to the wealthy
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