Insights

 

Advisories
January 29, 2010 Posted by

On Wednesday, January 27, 2010, after careful deliberation and review of approximately 120 comment letters (including SVB Asset Management's), the U.S. Securities and Exchange Commission (SEC) adopted new regulatory requirements for money market mutual funds. Once final, this new set of rules would govern the ability to offer a steady $1.00 Net Asset Value (NAV) and would include a variety of new requirements designed to strengthen the stability of money funds in times of crisis.2010

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Advisories
January 28, 2010 Posted by

 The aim of cash management is to make use of idle funds by choosing the appropriate investments and providing adequate liquidity, while generating income and producing higher yields. These goals align exactly with the advantages of an active portfolio strategy in today’s environment.

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Economic Outlook
January 26, 2010 Posted by

A very interesting debate is developing regarding the business world (perhaps I should say the "government regulation" world) that has more to do with culture and sociology than getting business done. The underlying question is: How much risk is too much? 
 

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FX Outlook
January 26, 2010 Posted by

As they tend to do with remarkable frequency, politicians and regulators have become involved in various markets around the world over the past week, and the results have not been pretty for the most part. 

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Economic Outlook
January 19, 2010 Posted by

Many readers have commented on my use of song quotes. In response, I've received many good and many not-so-good suggestions. The above quote, however, fits this column on my 2010 outlook exactly as all market participants look for their "own way" to protect principal while garnering above-market returns.

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FX Outlook
January 19, 2010 Posted by

On January 7 of this year, the day after his appointment as Japan's finance minister, Naoto Kan stated that there was a need for the yen to weaken in order to help Japanese exporters. The markets did not treat this statement lightly, for it effectively reverses the long-held position of his predecessor, Hirohisa Fujii, of allowing the value of the yen to be determined solely by market forces. Fujii-san had resigned earlier in the week due to ill health. Kan explained that he "must work with the Bank of Japan to bring the yen to appropriate levels given its impact on the economy" and that "many Japanese firms favor yen at around ¥95." The currency markets were caught completely off guard by his comments and responded by selling the yen in a panic, driving it lower by more than half a yen vs. the dollar -ultimately to ¥93.77, its lowest level versus the dollar since last August.

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FX Outlook
January 13, 2010 Posted by

In today's business environment, escalating a technology company into the international marketplace may no longer be just an option, but a necessity for growth. However, like any significant endeavor, conducting business across borders also has its challenges. 

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Economic Outlook
January 13, 2010 Posted by

When writing a weekly column, one might suspect that it's a challenge to identify 52 topics in a year. Much of the time, that is true; however, I sometimes find myself with far too many topics to discuss all at once (Was that Billy Joel's problem?). So, I've decided to briefly list several of the topics I wish I had time to explore further. They are in no particular order, although if you'd like to hear more about any specific idea please don't hesitate to drop me a note. 

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