BNY Mellon Expert Co-authors New Book on Complying with the Global Investment Performance Standards (GIPS®)

BOSTON, Aug. 12, 2011 /PRNewswire/ -- A new book exploring the Global Investment Performance Standards and how to comply with and implement them, Complying with the Global Investment Performance Standards (GIPS®), was released this week in the U.S. by John Wiley & Sons and will go out globally August 29.  The book was co-authored by BNY Mellon Asset Servicing Managing Director Bruce J. Feibel and Karyn D. Vincent, founder of Vincent Performance Services LLC.

Performance measurement is a vital concept for anyone managing or investing institutional assets.  The GIPS standards, published by CFA Institute, are used in more than 30 countries to guide how performance results achieved by investment managers are presented to investors.  Feibel and Vincent, both long-standing volunteers with CFA Institute's GIPS committees, wrote the book as a guide to individuals and firms on how to comply with the GIPS standards, along with detailed explanations of the rationale and methodology behind investment performance statistics.

"BNY Mellon and its subsidiary Eagle Investment Systems together are the world's largest provider of performance measurement software and services to pension funds, institutional asset managers, mutual funds, hedge funds and wealth managers," said Feibel.  "Karyn and I wrote this book to package our experiences into a useful guide to help educate the global investment community."

Feibel is a CFA charter-holder, a member of the GIPS Risk Standards Working Group, and past member of the CFA Institute Investment Performance Council.  He's also author of the book Investment Performance Measurement, also published by Wiley.  

Learn more about Complying with the Global Investment Performance Standards at www.wiley.com/buy/0470400927

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.  BNY Mellon Asset Servicing provides services through BNY Mellon and other related companies.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets.  BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team.  It has $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day.  BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).  Additional information is available at www.bnymellon.com and through Twitter @bnymellon.

SOURCE BNY Mellon