For over 75 years, the New York Society of Security Analysts has been a pillar in the investment community. Since its founding in 1937 by the “father of securities analysis,” Benjamin Graham, NYSSA has provided an independent forum for the investment industry that promotes best practices and the highest professional ethical standards. NYSSA volunteers are the living embodiment of Benjamin Graham's goal of enriching and advancing the investment profession.
This year's awards will be presented to five exceptional NYSSA volunteers for their commitment to furthering the society's goals at the 75th Anniversary Dinner, June 26, 2012. The dinner will take place at the Museum of American Finance.
2012 NYSSA VOLUNTEER(s) OF THE YEAR
Janet Mangano, in her 30-year career in investment research and management, has held senior positions as director of research, equity analyst, and portfolio manager. She has worked at some of the industry’s most important firms, including Merrill Lynch and Smith Barney. Most recently, she served as senior investment advisor at PNC Wealth in Morristown, NJ, managing assets for affluent individuals and charitable trusts. She has been a member of NYSSA and CFA Institute since 1984. Mangano is co-chair of the Private Wealth Management Committee at NYSSA, and recently served as a professional mentor in the local CFA Institute Research Challenge and as a judge in the quarter- and semi-final Americas Regional competitions.
Louise A. Howard, CFA, CAIA, vice president—marketable securities, has been with the YMCA Retirement Fund since 2005. She is responsible for sourcing, evaluating, reviewing, and recommending the fund's external public equity and fixed income investment managers globally. Howard has more than 20 years of investment experience, including foreign exchange trading, fixed income portfolio management, and hedge fund-of-funds due diligence. Howard has been a volunteer with numerous organizations including NYSSA, company-sponsored mentoring programs, Literacy Volunteers, and New York Cares.
2012 FURTHERING RESEARCH AWARD
William Hayes started his financial career in the investment department of New York Life Insurance. Later, he was director of pension fund investments at ITT Corp, and at Hughes Aircraft. In 1981, he joined Walter Frank & Co, a New York Stock Exchange specialist firm, becoming research partner. Hayes served two terms as president of the NYSSA (1995–97), and was the chair of the Career Development Committee for many years. Currently, he writes book reviews for NYSSA's Finance Professionals Post, and is in charge of NYSSA's Authors Series™ program.
2012 BENJAMIN GRAHAM DISTINGUISHED SERVICE AWARD
Stella Alvo is CEO of Westfield Consulting LLC, an independent technology marketing firm. For more than 15 years she has worked in developing new digital products for multi-channel sales avenues. Alvo served as a board director at NYSSA; elected as its first outside director, she was nominated for her expertise in advanced digital product development. She is acknowledged for founding two NYSSA student programs: first, as founder and chair or vice chair for 15+ years of NYSSA’s SEMI Program; and second, as co-founder of NYSSA’s Investment Research Challenge (now the CFA Institute Research Challenge).
2012 IRVING KAHN LIFETIME ACHIEVEMENT AWARD
Walter Schloss grew up in Manhattan, attended the Franklin School and the New York Stock Exchange Institute, where he studied under Benjamin Graham. At the end of WWII, he was invited by Benjamin Graham to join the firm of Graham Newman as a securities analyst. In 1955, Schloss set up his own investment management partnership, Schloss Associates. Warren Buffett referred to Schloss as a "super investor." In his 2006 Letter to Shareholders, Buffett said, "Let me end this section by telling you about one of the good guys of Wall Street, my long-time friend Walter Schloss, who last year turned 90. From 1956 to 2002, Walter managed a remarkably successful investment partnership, which he did not take a dime from unless his investors made money. My admiration for Walter, it should be noted, is not based on hindsight. A full 50 years ago, Walter was my sole recommendation to a St. Louis family who wanted an honest and able investment manager."
Schloss has been profiled in numerous financial publications including Barron's, Forbes, and Fortune.