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CFA Institute's Enterprising Investor
Ever heard the phrase “Africa is not for sissies”? Having been born and raised in South Africa, I’ve certainly said it many times — we tend to think it takes a certain amount of “toughness” (perhaps a little braggadocio?) to survive and thrive in the world’s second-largest and second-most-populous continent. But I have to admit that in doing so, I’ve probably helped perpetuate the cliché of Africa as “the Dark Continent,” where peril lurks everywhere.
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CFA Chicago
Special situations are corporate actions which could reveal an undervalued security and hence an investment opportunity. Some examples of special situations are spinoffs, liquidations, tender offers, restructurings, bankruptcy exits etc. In the Special Situations Research Forum we will discuss an investment situation decided three weeks in advance. Every participant in the forum is expected to research the topic before attending the meeting.
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CFA Chicago
The Investment Exchange Forum is a stock-picking meeting of 10-15 CFA Chicago members. Each meeting features actionable ideas by presenting volunteers and a lively discussion of the topic at hand. The IEF is both an opportunity to learn how others present investment ideas concisely and a chance to practice stock pitches. In order to keep the quality of the stock picks as high as possible, we encourage attendance by members who are actively involved in investment management.
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CFA Chicago
CFA Society Chicago has worked with CFA Institute to develop a "live" prep program for the Claritas Investment Certificate. Our "live" classroom experience is taught by local industry professionals and Ph.Ds. The course will deliver the fundamentals of investing and it will help you prepare for the exam.
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Reuters
The latest general obligation bond proposal from Chicago Mayor Rahm Emanuel could have the cash-strapped city selling up to $500 million of capital appreciation bonds, a form of debt that government finance experts say could be costly and risky.
CABs are municipal debt for which payments are deferred until the bonds' maturity while interest compounds.
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Crain's Chicago Business
Anders Lindall, the more-than-capable spokesman for AFSCME's Illinois Council, did a first-class job of spinning last month when the court decision came down overturning Chicago's attempt at pension reform.
The language of the Illinois Constitution is clear, and so is the impact of cuts that harm pensioners who, on average, only get $34,000 a year, says Lindall, referring to members of the Municipal Employees Annuity and Benefit Fund of Chicago. In the big city, living on $34,000 a year ain't easy.
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Chicago Tribune
The bull market remains intact after making its way out of the China shop ... at least for now.
Yet while the U.S. stock market found its footing after being whacked by China's shocking stock market plunge Monday, concerns over the fragility of China remain. And neither the U.S. nor the globe's economies are insulated from the broken trends China has set in motion in the world.
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Forbes
The financial situations for the city of Chicago and the state of Illinois are by now exceedingly clear: both are swimming in debt. The state’s figures stand at $164 billion, and the city’s combined debts are $87 billion, with most of this attributable to unfunded public employee retirement systems. Cutting these liabilities is essential for either, but as both the city and state learned recently, it won’t likely happen through the courts, suggesting that they better find a new plan.
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Chicago Sun-Times
Former Florida Gov. Jeb Bush has made inroads into landing the support of one of the nation’s biggest but so far uncommitted mega donors, Chicago’s Kenneth Griffin, the founder and CEO of Citadel Investment Group, the Chicago Sun-Times has learned.
New records reveal a June donation of $100,000 from Griffin to Bush’s “Right to Rise USA” super PAC, a relatively small check by jumbo contributor standards.
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The Associated Press via WFLD-TV
It took Ted Cruz three months to raise $10 million for his campaign for president, a springtime sprint of $1,000-per-plate dinners, hundreds of handshakes and a stream of emails asking supporters to chip in a few bucks.
One check, from one donor, topped those results.
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