CPI Energy Companies™

ANOTHER FEATHER IN HER CAP

An employee of CPI Energy recently gained another feather in her cap by passing the Level II examination of the Chartered Financial Analyst (CFA) Program. Bethilda Clutario, Manager-Finance, passed the June 2005 CFA exams, together with forty-eight percent (48%) or 28,275 of the 58,907 candidates worldwide.
To earn the CFA charter, candidates must sequentially pass three six-hour exams that are widely considered to be the most rigorous in the investment profession. Of the 11,102 individuals who took the third and final exam that leads to the prestigious CFA designation last June, only 6,083 (55 percent) passed. For the other June 2005 exams, the Level I global pass rate was 36 percent (22,915 took the exam) and the Level II global pass rate was 56 percent (24,891 took the exam). Since the first exam was given in 1963, the average global pass rates are 49 percent for Level I, 52 percent for Level II, and 67 percent for Level III.
CFA Institute is the global, non-profit professional association that administers the Chartered Financial Analyst® curriculum and examination program worldwide, publishes research, conducts professional-development programs, and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 76,000 members in 120 countries and territories, including the world's 64,000 CFA charterholders, as well as 131 affiliated professional societies in 52 countries and territories. CFA Institute is headquartered in Charlottesville, Va., USA, with regional headquarters in London and Hong Kong. It was known as AIMR (Association for Investment Management and Research) from 1990 to early 2004, and before that was two separate organizations whose roots go back to 1947.


ANOTHER FEATHER IN HER CAP An employee of CPI Energy recently gained another feather in her cap by passing the Level II examination of the Chartered Financial Analyst (CFA) Program. Bethilda Clutario, Manager-Finance, passed the June 2005 CFA exams, together with forty-eight percent (48%) or 28,275 of the 58,907 candidates worldwide. To earn the CFA charter, candidates must sequentially pass three six-hour exams that are widely considered to be the most rigorous in the investment profession. Of the 11,102 individuals who took the third and final exam that leads to the prestigious CFA designation last June, only 6,083 (55 percent) passed. For the other June 2005 exams, the Level I global pass rate was 36 percent (22,915 took the exam) and the Level II global pass rate was 56 percent (24,891 took the exam). Since the first exam was given in 1963, the average global pass rates are 49 percent for Level I, 52 percent for Level II, and 67 percent for Level III. CFA Institute is the global, non-profit professional association that administers the Chartered Financial Analyst® curriculum and examination program worldwide, publishes research, conducts professional-development programs, and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 76,000 members in 120 countries and territories, including the world's 64,000 CFA charterholders, as well as 131 affiliated professional societies in 52 countries and territories. CFA Institute is headquartered in Charlottesville, Va., USA, with regional headquarters in London and Hong Kong. It was known as AIMR (Association for Investment Management and Research) from 1990 to early 2004, and before that was two separate organizations whose roots go back to 1947.
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