Trade Talk - August 2012
Table of Contents
In this issue...
Rethink, Reset, Results: CIBC Mellon continues to help institutional investors overcome the challenges of today and tomorrow
From many discussions our relationship managers have had with clients, a common concern emerged: “how can institutional investors control costs in today’s challenging markets when they also need to invest in new technologies to satisfy their clients?”
Let's Get Fiscal
Equity markets spend a lot of time asking whether Ben Bernanke will, or won’t, unleash another round of quantitative easing. But with bond yields already so low, and banks already sitting on a mountain of excess reserves, it’s hard to see QE doing much good.
August Economic Update
We continue to expect a global growth recession in 2012 with the global economy growing at about a 3% pace on the IMF definition of global real GDP.
Prime Custody – the new normal for alternative fund providers
Increasing asset protection and minimizing risk remain critical objectives. For this reason, many investment firms now consider “prime custody” to be a necessity in their business strategy, rather than just an option.
Global Investment Performance Standards (GIPS®): A new definition of transparency
Global Investment Performance Standards (GIPS) has emerged as the global benchmark for investment performance measurement and reporting. GIPS are a set of standardized, industry-wide ethical principles that provide investment firms with guidance on how to calculate and report their investment results to prospective clients.
This issue by:
- David Linds
- Avery Shenfeld
- Richard Hoey
- Charbel Cheaib
- Claire Johnson
* * *
Trade Talk® is provided for general information purposes only and CIBC Mellon Global Securities Services Company, CIBC Mellon Trust Company, CIBC, The Bank of New York Mellon Corporation and their affiliates make no representations or warranties as to its accuracy or completeness. Readers should be aware the content of this publication should not be regarded as legal, tax, accounting, investment, financial or other professional advice nor is it intended for such use.