CFA Society Toronto - Members Only

The Analyst - June 2019

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2 © 2019 CFA Society Toronto THE ANALYST | June 2019 EDITORIAL BROOKE SMITH June 2019 Table of Contents EDITORIAL .......................................................... 2 BOARD CHAIR MESSAGE .................................. 3 FROM THE DESK OF THE CEO ............................ 4 UPFRONT BOOKS FOR BUSINESS ............................ 6 INVESTMENT NEWS MISSION IN ACTION ................................ 10 CFA INSTITUTE ALL FOR ONE AND ONE FOR ALL ................................... 12 EVENTS 2019 ANNUAL SPRING PENSION CONFERENCE ......................... 14 TAX IT'S...COMPLICATED ................................ 16 CHARTERHOLDER PROFILE THE DIFFERENTIATOR ............................ 18 CFA SOCIETY TORONTO NEWS AWARDS & UNIVERSITY RELATIONS ............................................... 20 VOLUNTEER SPOTLIGHT AWARDS ....... 21 THE BIG LEAGUES Ichiro Suzuki is not a famous name—unless you know baseball. The 45-year-old Seattle Mariners outfielder announced his retirement from the grand old game this March, after playing against the Oakland A's at the Tokyo Dome. Ichiro (as he's affectionately known) will be eligible for nomination into the National Baseball Hall of Fame in 2025. With 4,367 career hits, he has surpassed Ty Cobb's 4,189—Cobb being the only other player with more than 4,000 hits in the Hall of Fame. (For the stat heads among you, Pete Rose—with 4,256 hits—is not recognized. In 1991, the Hall of Fame ruled that a banned player could not stand for election—and Rose had been banned for betting on games.) Unfortunately for Ichiro fans, it turns out that Cobb will remain the official leader in hits—as I discovered myself after contacting the Baseball Hall of Fame for confirmation. As per the Hall of Fame's policy, only American Major League Baseball (MLB) hits will count—Ichiro's 1,278 hits for the Japanese Pacific League will be listed separately. Still, Ichiro will find himself among the current 25 players in the 3,000 club—a gold standard in and of itself. CFA Institute, of course, has its own gold standard: the CFA charter. Candidates must pass three levels of exams and have at least four years of professional work experience in some form of investment decision-making before being granted membership. In 2018, CFA Society Toronto welcomed over 700 new CFA charter-holding members. So while the boys of summer will be stealing bases and pitching fast balls over the next few months, our men and women of summer will be studying hard. CFA charter hopefuls (there were more than 9,300 Toronto-area candidates registered, as of press time) will be up to bat on June 15 to write their CFA exams (all levels). And the next CFA charter hopefuls will be sitting the Level 1 exam in December. In the meantime, it's a good reminder that summer, whether in baseball or in finance, isn't the time to rest on your laurels—that is, if you want to make it into the big leagues. FOLLOW US ON TWITTER AND LINKEDIN Opinions expressed in The Analyst do not necessarily represent those of the authors' firms of employment or of CFA Society Toronto and do not constitute a solicitation for the purchase or sale of any financial instruments. Information herein is obtained from various sources and is not guaranteed for accuracy or completeness. The authors' firms and CFA Society Toronto therefore disclaim any liability arising from the use of information in this publication.

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