Recent CFA
Institute Press Releases and Announcements
CFA Members in Europe Vote Against Suspension of Fair
Value Standards
EU leaders should stick to globally accepted accounting standards to
rebuild confidence in the European Banking System.
Released
October 2, 2008
Joint Statement of the Center for Audit Quality, the
Council of Institutional Investors, and CFA Institute Opposing Suspension
of Mark-to-Market Accounting
These groups urge the SEC to resist calls for the suspension of
fair value accounting.
Released
October 1, 2008
The CFA Institute Centre for Financial Market Integrity
Responds to Market Abuse Directive Consultation
The CFA Institute Centre calls for the development of a central filing
repository for Insider Lists and Suspicious Transaction Reports.
Released
September 30, 2008
Global Investment Performance Standards (GIPS) Adopted
in Russia
This country sponsor endorsement represents the 30th country to formally
adopt the GIPS standards.
Released
September 29, 2008
Investors Want Accountability, Not Political Posturing
-- A Statement from CFA Institute President and CEO
Congress must come together, provide a rescue package, and reverse the
panic that pushed the Dow Jones.
Released
September 29, 2008
Investors Overwhelmingly Agree: Fair Value Should Not
Be Suspended and the Bailout Plan Will Help the U.S. Economy
Investment professionals strongly support U.S. Treasury's bailout
plan.
Released
September 26, 2008
New Model RFPs Now Available to Meet the Needs of Small
Institutional Investors
Four industry groups work together to create new tools.
Released
September 25, 2008
CFA Institute Offers Top Five Facts When Investing in
Turbulent Markets
Planning and recognizing next steps are often the most important
parts of successful investing.
Released
September 25, 2008
CFA Institute Appoints Ashvin P. Vibhakar, CFA, to
Manage Asia Pacific Operations from Hong Kong
CFA Institute announced that Dr. Ashvin P. Vibhakar, CFA, has been
appointed to succeed Dr. Jan R. Squires, CFA, as managing director of
Asia-Pacific operations.
Released
September 23, 2008
The Investor Perspective on Bailouts -- A Statement
from Jeff Diermeier, CFA
Diermeier comments on moral hazard, short selling, regulators,
and what investors need to have confidence in the markets.
Released
September 23, 2008
Currency Fund Managers Beat the Benchmark, According to
Study in CFA Institute Financial Analysts Journal
However, upon further analysis, researchers find alpha would be
positive only prior to fees and costs.
Released
September 23, 2008
CFA Institute and EDHEC Business School Make Investment
Management Seminar Biannual
Seminars will now be held in both London and New York.
Released
September 11, 2008
Brian D. Singer, CFA, to Chair CFA Institute Board of
Governors
Singer heads an 18-member Board composed of investment
professionals from eight countries.
Released
September 2, 2008
42 Percent of 92,081 Candidates Worldwide Go for the
Gold and Pass June 2008 CFA Exams
Record-breaking number of candidates sat for the June 2008
examinations.
Released
August 19, 2008
CFA Institute to Focus on Six Key Investor Initiatives
from SEC Financial Reporting Standards Report
Investor advocate welcomes partnership with preparers, auditors, and
other users of corporate financial information.
Released
August 19, 2008
CFA Institute Further Expands EMEA Office with
Appointment of Two Capital Markets Policy Analysts
Rhodri Preece, CFA, and Andrea Grifoni join CFA Institute
Centre staff in London.
Released
August 18, 2008
Letter to Members:
Jeffrey Diermeier, CFA, to Retire
CFA Institute president and CEO to retire at the end of
calendar year 2008.
Released
August 7, 2008
GIPS Executive Committee Announces
New Council and Verification/Practitioner Chairs
The two new members are Neil Riddles, CFA, CIPM, and Carl
Bacon, CIPM.
Released
July 30, 2008
Koç University is Chosen as First CFA Program Partner
in Turkey
At least 70 percent of the CFA Program Candidate Body of Knowledge will
be embedded in its Masters in Finance course.
Released
July 23, 2008
Keith P. Ambachtsheer Receives
James R. Vertin Award from CFA Institute
Ambachtsheer has been a key figure in the global pension arena for more
than 30 years.
Released
July 23, 2008
Patrick M. Finnegan, CFA, CPA, to Lead CFA Institute
Centre Accounting Policy Efforts
Finnegan will lead the team responsible for tracking all financial
reporting issues.
Released
July 17, 2008
Buy-Side Analyst Forecasts More Optimistic, Less
Accurate Than on the Sell-Side
CFA Institute Financial Analysts Journal article compares
earnings forecasting performance data from 1997-2004.
Released
July 16, 2008
CFA Institute Member Opinion Poll Confirms Support
for CRA Reform
Many respondents noted that payment
structure between CRAs and issuers presents largest conflict of
interest.
Released
July 7, 2008
Waseda University Becomes First CFA Program Partner in
Japan
University students trained in CFA Program’s Candidate Body of
Knowledge will have strong foundation for CFA exam preparation.
Released July
4, 2008
“A Great Loss to Our Profession,” Said CFA Institute
CEO Jeff Diermeier, CFA, on the Death of Eugene Sit, CFA
Sit served the organization as a tireless volunteer, including
chairman of the Institute of Chartered Financial Analysts (ICFA).
Released
June 27, 2008
New ESG Manual from CFA Institute Centre Helps
Investors Evaluate Environmental, Social, and Governance
Factors
Manual will be introduced at “ESG Factors & Metrics for Investors,”
on July 8, 2008.
Released
June 25, 2008
CFA Institute Launches Global Code of Conduct for
Pension Schemes
The Code of Conduct for Members of a Pension Scheme Governing
Body was launched to help individuals manage their ethical
responsibilities.
Released
June 24, 2008
Amsterdam Business School becomes CFA Program
Partner
ABS is recognized as having one of the strongest finance
faculties in Europe.
Released
June 24, 2008
45 Percent of CIPM Candidates Passed Expert
Exam
A total of 177 candidates in 18 countries sat for the three-hour,
computer-based Expert exam.
Released
June 17, 2008
Want to be a Socially Responsible
Investor?
CFA Institute offers investors 10 tips to a socially responsible
investment strategy.
Released
June 17, 2008
Investors Will Benefit from SEC's Rating Agency Reform,
Says CFA Institute Centre
“Regardless of how the SEC decides to identify the different
investment types, investors will benefit from having more
transparent information," said Jim Allen, CFA.
Released
June 12, 2008
Hedge Fund Industry Needs to Improve Investor
Protection, Communication and Education, Says CFA Institute
Centre
"Investor and regulator confidence in public companies, hedge funds,
private equity, and banks has suffered greatly in the recent credit
crisis," said Kurt Schacht, CFA.
Released
June 11, 2008
Level III CFA Candidates Share Experiences in the CFA
Program, Motivations for Earning the CFA Charter
Level III candidates Lisa, Gavin, and Matt will be one step closer to
using the letters “CFA” after their names if they pass the exam this
weekend.
Released
June 5, 2008
Nearly 119,000 Investment Professionals to Gather in 86
Countries for CFA Exams, a Global Industry Rite of Passage
After June, CFA Institute will have given over one million CFA
exams.
Released
June 4, 2008
NIRI and CFA Institute Centre Release Results of Joint
Study on Public Company Guidance Practices and Preferences
IR and financial professionals both favor longer-term guidance,
as well as more frequent and better quality communication.
Released
May 28, 2008
New Study in CFA Institute Financial Analysts
Journal Reports Declining Profitability in Major Currency Market
Trading Since 2000
Trend following profitability “worthless” for British pound, Swiss
franc, Japanese yen, and Canadian dollar during 21st
century.
Released
May 27, 2008
Investment Industry Luminaries to Speak at June “Next
Generation Asset Management” Conference
Business news journalists are invited to join in hearing some of the
industry’s brightest minds discuss the state of the asset management
business.
Released
May 23, 2008
Burton G. Malkiel at CFA Institute Annual Conference:
China to Be World’s Largest Economy in Next 20 Years
China was last in this position in 1820, when it accounted for more than
30 percent of world GDP.
Released
May 14, 2008
Thomas P.M. Barnett Forecasts Global Integration and
Growth of Global Middle Class during the Next 25 Years
Barnett also predicts the 21st century will be “the most religious in
human history.”
Released
May 13, 2008
Recent Decay in Performance of Many Quantitatively
Managed Funds Can be Attributed to Rising Correlations, Style Rotation,
“Herding” Phenomena and the Activity of Hedge Funds
The search to find new predictive factors is on, according to a study
published by the Research Foundation of CFA Institute.
Released
May 12, 2008
David R. Beatty, CFA, Offers Tips for Investors to
Determine Whether a Company’s Governance Fosters Long-Term
Performance
Beatty shared an acronym, SPISE, for investors to consider when
determining whether a company is being governed with a focus on long-term
performance.
Released
May 12, 2008
J. Luther King, Jr., CFA, Receives Forrestal Leadership
Award from CFA Institute
This award is presented to members of CFA Institute who have championed
the pursuit of excellence in professional ethics and standards of
practice.
Released
May 12, 2008
Current Market Conditions and Conduct Necessitate an
Extension of the UK Market Abuse Regime’s Provisions
The CFA Institute Centre supports a temporary extension of the
superequivalent provisions of the UK regime on market abuse.
Released
May 7, 2008
Global Finance Conference Participants Predict That
Credit Squeeze Will Have Most Impact on U.K. and U.S.
Economies
An advance poll of attendees to the Annual Conference predicted that
China, India, Russia, and Brazil will overcome the effects of the credit
squeeze in a year or less.
Released
May 2, 2008
CFA Institute Announces Results of Second Annual Global
Investment Research Challenge
Hong Kong Baptist University’s four person team presented the winning
report on China Mobile Limited.
Released
May 2, 2008
Todd A. Jankowski, CFA, Joins CFA Institute to Lead
CIPM Program Curriculum Development
“I am eager to guide the further development of a well-regarded
professional credential that specializes in performance measurement,”
said Jankowski.
Released
April 30, 2008
CFA Institute Global Investment Performance Standards
Cited by President’s Working Group on Financial Markets
The group recommends that investors require hedge fund and hedge
fund of fund managers to comply with GIPS.
Released
April 21, 2008
Universidad Carlos III de Madrid (UC3M) Wins European
Leg of CFA Institute Global Investment Research Challenge
The team will now face teams from across the world in the global final
in New York on 1 May.
Released
April 18, 2008
CFA Institute Centre Says Fair Value “Smoothing”
Will Mask the Reality of Market Conditions and Allow Companies to Hide
Risk
CFA Institute Centre maintains strong support of FASB and IASB
discussion paper endorsing the broad use of fair value measurement.
Released
April 17, 2008
CFA Institute Announces Judges for Second Annual
Global Investment Research Challenge
The teams will present their findings at the Global Challenge to a panel
of top industry professionals.
Released
April 14, 2008
Hong Kong Baptist University Wins the CFA Institute
Asia-Pacific Regional Investment Research Challenge
The team will now advance to the Global Investment Research Challenge in
New York.
Released
April 14, 2008
Journalists Invited to Hear Investor Perspective on
Fair Value (“Mark to Market”) at CFA Institute Centre
Roundtable
Journalists are invited to attend an on-the-record roundtable of
investor advocates that will address fair value vs. risk management,
treatment of illiquid securities, and investors’ calls for improved
transparency of financial reporting.
Released
April 7, 2008
CFA Institute Centre Statement on Proposed Changes to
the U.S. Regulatory Structure
"We urge Congressional leaders, regulators, and other industry
participants to not jump to change or create new regulation unless we
have carefully considered what led to this crisis" says Kurt Schacht,
CFA.
Released March 28, 2008
CFA Institute Centre Comments on KPMG
Accusations
"If the allegations are true, it confirms there is no regulatory
catch-all against fraud, particularly where the main line of defense, the
auditor, is potentially complicit," says Kurt Schacht, CFA
Released March 28, 2008
CFA Institute and Wharton School Launch Wealth
Management in Practice Executive Education Program
The program gives participants the business acumen needed to develop a
successful practice.
Released March 28, 2008
Graham and Dodd
Award Presented to William F. Sharpe
Sharpe received the award for his article “Expected Utility Asset
Allocation,” which appeared in the September/October 2007 Financial
Analysts Journal.
Released March 25, 2008
Vanguard Founder John C. Bogle Reflects on “Black
Monday and Black Swans”
Application of probability laws to financial markets is “badly
misguided,” according to Bogle’s article in the Financial Analysts
Journal.
Released March 18, 2008
CFA Institute Centre Says Fair
Value Being Used As a Scapegoat
The CFA Institute Centre for Financial Market Integrity reaffirmed its
support for fair value as the most transparent measurement for investors
to analyze financial statements.
Released March 17, 2008
Freakonomics and The Black Swan Authors to Speak At CFA
Institute Annual Conference
More than 1,000 investment professionals will learn from industry
experts about the role of investment management in the global economy.
Released March 17, 2008
RSM Becomes First CFA Program Partner in
Benelux
The Rotterdam School of Management announced today that it is the first
institution in the Benelux to become a Program Partner with CFA
Institute.
Released March 14, 2008
Investors
Want Lasting Changes in Executive Compensation Policies
The CFA Institute Centre for Financial Market Integrity today
restated its call for improved disclosure, transparency, and shareowner
influence on executive pay practices.
Released March 13, 2008
CFA Institute President and CEO, Jeff Diermeier,
CFA, Appointed to Janus Capital Group Board of Directors
Diermeier will serve a three-year term on the board and his appointment
will be voted on at the May 1, 2008 Janus shareholder meeting.
Released
March 12, 2008
New Study Finds Significant Benefits to Investors
Who Invest in Precious Metals
Study tracks the long-term benefits of several strategies that add
precious metals to investment portfolios; four major findings are
reported.
Released
March 3, 2008
CFA Institute Centre for Financial Market Integrity
Responds to FAF Governance Decisions
The CFA Institute Centre looks forward to working with FAF, FASB, and
GASB to advance the principles of independent and transparent standard
setting.
Released
February 27, 2008
New Market Risk, Ethics, and Subprime Crisis
Educational Web Tools Available From CFA Institute
Learn more about current market, ethical, and economic issues with the
new CFA Institute “Take 15” webcast series.
Released
February 25, 2008
CFA Institute President and CEO, Jeff Diermeier,
CFA, Appointed to XBRL U.S. Board
XBRL US is a non-profit confederation of organizations that represent
investors, the accounting industry, and software and service
providers.
Released
February 22, 2008
Time to Pay Attention to Executive Pay in Asia, Says
Financial Analysts' Interest Group
Asia's disclosure environment lags international best practice, putting
investors at risk.
Released
February 20, 2008
Analyzing Investment Research Can Help Investors
Weather a Turbulent Market, Says CFA Institute
“Investment research plays an important role in the investment
decision-making process, and it can vary in terms of quality and
usefulness,” said Stephen Horan, CFA.
Released
February 6, 2008
CFA Institute Centre Encouraged by Global Regulators’
Focus on Credit Rating Agency Industry Reform
The CFA Institute Centre suggested eight further proposals to the
CRA industry.
Released
February 5, 2008
Todd Parker Lowe, CFA, Re-Elected Chair of CFA
Institute Presidents Council
Lowe has served as chair since September 2006; his second term will
begin September 1, 2008.
Released
February 5, 2008
Private Wealth Expert, Stephen Horan, CFA, Available
for Comment on U.S. Economic Stimulus Package
“What’s interesting about this proposal is the yet-to-be-determined
impact it will have on the soft housing market and the durable goods
sector,” said Horan.
Released
January 25, 2008
39 Percent of 37,573 Candidates Worldwide Passed
December 2007 Level I CFA Exam
The December exam was offered at 52 test centers in 29 countries
worldwide.
Released
January 23, 2008
CFA Institute Centre Expresses Disappointment with U.S.
Supreme Court Decision on Shareholder Lawsuits
Investor advocate concerned about implications for shareholder
rights.
Released
January 18, 2008
CFA Institute Congratulates 6,427 New CFA
Charterholders With Annual Global Announcement
CFA Institute honors new charterholders with congratulatory announcement
for third consecutive year.
Released
January 17, 2008
New Manual from CFA Institute Centre Sheds Light on
the Global Components, Risks, and Rewards of Executive
Compensation
Manual examines how executive
compensation is determined, the elements of compensation, governance
practices, and associated risks for investors.
Released
January 2, 2008
56 Percent of CIPM Candidates Passed Expert
Exam
CFA Institute today announced that 56 percent of the Expert level
candidates in the CIPM program passed the examination.
Released
December 19, 2007
CFA Institute Centre Calls for "Knowledge Base"
in Response to CESR's Consultation on Key Investor Information
The CFA Institute Centre
emphasises that the KII should not limit itself to catering for the
‘lowest common denominator’ of investor understanding.
Released
December 18, 2007
CFA Institute Centre Calls for Single Global Hedge Fund
Standard with a Greater Focus on Investor Protection and Ethical and
Professional Conduct
The CFA Institute Centre welcomes the efforts of the HDFWG in seeking to
develop a self-regulatory template for the hedge fund industry.
Released
December 13, 2007
CFA Institute Names Robert Johnson, CFA,
Deputy CEO
Robert R. Johnson, CFA, has been named deputy CEO while continuing
as managing director of the Education Division.
Released
December 10, 2007
Press Release Archive