Happy New Year! Below are this week’s alerts for the Investment Network. Enjoy!
This Issue’s Topics:
- Chicago Booth Finance Roundtable: Will Global Imbalances Expand or Diminish in 2020?
- 100 Women in Finance – NextGen Chicago: Launch and POWER Up Leadership Workshop
- FREE: Baker Tilly: Asset Management Breakfast Briefing
- FREE: ACG Chicago: The National Center for the Middle Market’s Q4 ‘19 Middle Market Indicator Webinar
- REMINDER: FREE: Washington DC Compliance Roundtable: CFTC Adopts Rules Streamlining the Regulations for Commodity Pool Operators and Commodity Trading Advisors
- REMINDER: FREE: Hedge Fund Association Symposium: Philanthropy & Charitable Giving 50-Day Countdown!
Chicago Booth Finance Roundtable: Will Global Imbalances Expand or Diminish in 2020?
Thursday, January 9, 2020, 6:00-9:00 P.M.
Gleacher Center, 450 Cityfront Plaza, Room 400, Chicago, IL
Global economic growth is slowing, in part because massive excess capacity in industry in China and tens of millions of unoccupied apartments are leading to reduced imports of machine tools and copper and other primary products. Germany and its neighbors have extraordinarily large trade surpluses. Taiwan, Singapore and Malaysia have even larger trade surpluses as a share of their GDPs. The European Central Bank under the leadership of its former chair has promoted the development of negative interest rates, in part to reduce the price of the Euro and sustain the large trade surpluses. The counterpart of these trade surpluses in Europe and Asia is a U.S. trade deficit of four percent of U.S. GDP, which has contributed to a U.S. fiscal deficit that is approaching five percent of U.S. GDP. These imbalances are likely to increase as growth slows. If the imbalances are too large to be sustained, they won’t be sustained. What’s it all mean to the world economy? Come to the year’s kickoff of the International Roundtable for the always provocative views of Dr. Aliber.
For more information, click here.
100 Women in Finance – NextGen Chicago: Launch and POWER Up Leadership Workshop
Tuesday, January 14, 2020, 5:00-8:30 P.M.
Convene, 311 W. Monroe St., Chicago, IL
Peer Engagement, Education, and Impact: 100 Women in Finance focuses on it all and on January 14th will launch its NextGen Chicago group. The EY POWER Up seminar with featured speaker Gail Lyman, is designed for women who aim to cultivate their leadership skills. In this interactive and networking session, participants develop the behaviors that can help build power and drive success in leadership roles.
Following the session, you will network with your peers and colleagues as you learn more about 100 Women in Finance, NextGen and plans for future programs.
This program is open to all 100WF members. You are encouraged to RSVP and bring a female colleague with up to 10 years of experience as a guest. She will hear about the mission of 100WF and the benefits of a global peer network.
Members can RSVP by clicking here.
FREE: Baker Tilly: Asset Management Breakfast Briefing
Thursday, January 16, 2020, 8:30-10:30 A.M.
Baker Tilly, 205 N. Michigan Ave., Chicago, IL
As companies search for new avenues for growth, they are continually faced with increasing competitive pressure and rapid advancements in technology. As such, the ability to fully understand and analyze multiple data types is now more than just a milestone on a roadmap, it’s now a critical requirement to success.
In this session, you will understand:
- The types of data available.
- How those types of data are used in today’s environment.
- Different types of analytical models used today.
- How to assess your organization’s maturity in data management.
- How to advance your data strategy initiatives.
Who should attend? Private Equity, Venture Capital and Asset Management Professionals.
For more information, click here.
FREE: ACG Chicago: The National Center for the Middle Market’s Q4 ‘19 Middle Market Indicator Webinar
Wednesday, January 22, 2020, 12:00-1:00 P.M.
Representing nearly 200,000 American companies in every industry nationwide, the U.S. middle market is an engine driving economic growth. With annual revenues ranging from $10 million to $1 billion, middle-market firms collectively generate one-third of U.S. private sector GDP and employment. To understand the challenges and opportunities facing middle market companies, the National Center for the Middle Market (NCMM) developed the quarterly Middle Market Indicator.
Join ACG and NCMM Executive Director Tom Stewart to discuss the release of the 2019 4Q Middle Market Indicator. Tom will share what the quarterly data show and what they mean for middle-market businesses, and those that work with them.
The webinar will cover:
- How are these firms currently performing in terms of revenue growth and job creation? Are they planning to hire? What is their future outlook? Challenges?
- What is the economic outlook for the middle market in 2020?
- Year-over-year middle-market trend data compared to small and large firms.
- Attendees will be able to ask questions during the webinar. For more information, click here.
REMINDER: FREE: Washington DC Compliance Roundtable: CFTC Adopts Rules Streamlining the Regulations for Commodity Pool Operators and Commodity Trading Advisors
Thursday, January 23, 2019, 3:30-5:30 P.M. (networking to follow)
Stradley Ronon, 191 N. Wacker Dr., Suite 1601, Chicago, IL (live connection to DC)
Join us and Amanda Olear, Acting Deputy Director of the Commodity Futures Trading Commission (“CFTC”), to learn about and discuss the CFTC’s recent amendments to the Part 4 Regulations. These amendments intend to simplify the regulatory obligations of commodity pool operators (“CPOs”) and commodity trading advisors (“CTAs”).
In this session, we will cover the CFTC’s codification of various long-standing staff advisories and no-action letters, as well as its harmonization of relief with other regulators, such as the Securities and Exchange Commission (“SEC”).
CFTC rule amendments that we will discuss in this session include:
- Adoption of CPO and CTA exemptions for entities meeting definition of “family office,” similar to the exclusion from investment adviser registration provided by the SEC;
- Permission of general solicitations by private funds operating under Rules 4.13(a)(3) and 4.7 to correspond with securities law amendments to Regulation D and 144A;
- Clarification that the Rule 4.5 exclusions for registered investment companies (“RICs”) should be claimed by the entity that solicits for the fund, which is typically the registered adviser (as opposed to the fund itself);
- Inclusion of business development companies (“BDCs”) in the Rule 4.5 exclusion from CPO registration, similar to the treatment of RICs; and
- Elimination of certain filing requirements in connection with Forms CPO-PQR and CTA-PR.
Amanda Olear is Acting Deputy Director for the Registration and Compliance Branch and Associate Director in the Managed Funds and Financial Requirements Branch in the Division of Swap Dealer and Intermediary Oversight (DSIO) at the CFTC. Ms. Olear has worked at the CFTC since 2007 and has focused on the operations of commodity pool operators and commodity trading advisors, but more recently has expanded her responsibilities to include registration and compliance issues involving swap dealers, introducing brokers, and associated persons. Ms. Olear regularly advises members of the public regarding the application of Part 4 of the CFTC’s regulations.
Nicole Kalajian of Stradley Ronon will moderate and host the Chicago session. E-mail Kathy Petrusek at firstname.lastname@example.org to register.
REMINDER: FREE: Hedge Fund Association Symposium: Philanthropy & Charitable Giving 50-Day Countdown!
Tuesday, February 25, 2020, 4:30-7:30 PM
150 N. Riverside, Chicago, IL (river front view!)
Please join us 50 days prior to April 15th (tax day) for this timely HFA Symposium, Philanthropy & Charitable Giving: The 50-Day Countdown. An outstanding panel of speakers, including advisers, impact investors and philanthropists, will share actionable insights, non-traditional strategies and fascinating case studies. Attendees will enjoy valuable takeaways, Q&A opportunities and a networking cocktail reception after the panel program. Symposium topics include:
- Identification of new trends and innovative approaches to philanthropy.
- When embarking on a new strategic initiative, what type of legal and/or tax structures should be considered or chosen and why?
- How does impact investing balance sustainable social change with economic returns?
- How can collaborative non-traditional options achieve broad community impact?
The speakers will be Ric Estrada of Metropolitan Family Services, Jennifer Gniady of Stradley Ronon and Suzanne Currie of Celadon Financial Group. Nicole Kalajian of Stradley Ronon will be moderating the Symposium.
Investment Network members receive free admission by using promo code: 50daycountdown. For more information, click here.