Traditional and Alternative Investment Management Services
Investment management is the business of managing or providing advice on investment portfolios or individual assets for compensation. Banks are significant providers of these services, covering traditional investments (publicly traded stocks and bonds), alternative investments (real estate, hedge funds, and other unregistered private investments).
Investment Management Services (Comptroller’s Handbook, August 2001)
Provides an overview of the investment management business, its associated risks, and an appropriate risk management framework.
Banking Circular 277, “Risk Management of Financial Derivatives” (October 27, 1993)
OCC Bulletin 1996-25, “Fiduciary Risk Management of Derivatives and Mortgage-backed Securities: Guidance for Bankers” (April 30, 1996)
OCC Interpretive Letter #1115, “Purchase of Auction Rate Securities” (April 3, 2009)
OCC Interpretive Letter #919, “Model-Driven Funds” (November 9, 2001)