CIBC Atlantic Trust in the News

07.17.2017
Reuters
"Wall St Holds Steady as Investors Await Big Earnings"
"After new highs that we saw last week, the market deserves a rest as investors await big earnings this week," said Dave Donabedian, chief investment officer of Atlantic Trust. Read more »

07.14.2017
ETF Trends
"Bond, stock trading revenues drop on sleepy Wall Street"
"While it wouldn't be herculean to suggest volatility rises a bit from here, barring anything that comes out of left field, we don't envision a strong advance," said Bryan Reilly, a senior investment analyst at CIBC Atlantic Trust. Read more »

07.13.2017
The Wall Street Journal
"Stocks Climb, Driven by Tech Sector"
“Earnings are the single greatest support for this market,” said David Donabedian, chief investment officer at CIBC Atlantic Trust Private Wealth Management. “Expecting to get bailed out by massive fiscal stimulus isn’t a good strategy. It’s all about the earnings now.”

06.30.2017
Citywire
"Falling Fees: Gatekeepers Weigh Active Funds' Price Progress"
John Tennaro, CIBC Atlantic Trust senior investment analyst, agreed that this was factor in fees coming down and a trend that was likely to continue. ‘I think it’s not necessarily reducing the fees – sometimes it’s introducing new share classes that can reduce the potential fee to clients. I think you’ll start to see more of that,’ he said. Read more »

06.29.2017
Financial Times
"Global Bond Market Sell-Off Infects Equities"
“It’s raised the spectre of whether Europe will go through a ‘taper tantrum’ like the US did in 2013, when the mere rumination over trimming stimulus triggered a tantrum in bonds and equities,” said David Donabedian, chief investment officer of [CIBC] Atlantic Trust. “Central banks have been the superheroes of this market cycle, but at some point that had to end.”

06.26.2017
Financial Times
"U.S. Equity Market Rally Hinges on Earnings Growth"
“Corporate earnings have been coming on very strong of late — gone are the headwinds of currency and weakening international economies,” said Bryan Reilly, senior investment analyst for CIBC Atlantic Trust Private Wealth Management.

06.16.2017
The New York Times
"Your Child’s Tuition Is Paid While You’re in Tahiti"
“It’s the happy byproduct of estate planning,” said Linda Beerman, the head of the wealth strategies group at CIBC Atlantic Trust, which typically offers such bill-paying and administrative services to families with $25 million or more with the company. Read more »

06.09.2017
Financial Times
"UK Election Leaves Investors Calm But With Questions Multiplying"
“The markets are just kind of shrugging and moving on”, says David Donabedian, chief investment officer for Atlantic Trust. “There is a sense that the global economy is on its firmest footing since before the great recession.”

06.06.2017
FundFire
"Atlantic Trust Vet Returns to Wealth Strategies Role"
“The reason that I had stepped back originally was that the firm had grown [and] I was in a place where I wanted to step back and focus on some project work,” Beerman says.

06.02.2017
Private Wealth
"Beerman Returns To Head Wealth Strategies Group At CIBC"
Linda Beerman is returning to her former position as head of the Wealth Strategies Group at the CIBC’s Atlantic Trust Private Wealth Management, CIBC announced Tuesday. Read more »

05.31.2017
Streetwise Reports
"Simplification: A Positive Change for MLP Industry, Investors"
Adam Karpf, CFA, portfolio manager for CIBC Atlantic Trust, bylined this article about the MLP sector's current trend toward simplification and the resulting benefits for investors and managers alike. Read more »

05.30.2017
Family Wealth Report
"CIBC Atlantic Trust PWM Names Wealth Strategies Leader"
By returning to her role as head of wealth strategies, Beerman will guide firm-wide initiatives, including Women’s CIRCLE and G2G Impact (Generation-to-Generation), which are focused on outreach to women clients and the next generation of wealth management clients.

05.26.2017
Livestream
"CIBC Rings NYSE Closing Bell"
Kishore Setty, CFA, head of CIBC Atlantic Trust's New York office, joined CIBC yesterday at the New York Stock Exchange to ring the closing bell. Watch »

05.23.2017
Family Wealth Report
"CIBC Atlantic Trust WM On How Investors' Political Biases Can Lead Them Astray"
Donabedian said that in turbulent political times when feelings run high, he and [Propper] remind clients to where possible remove their partisan biases; to focus on the underlying economic picture, including company developments, and not be distracted by the daily “noise”.

05.11.2017
The Wall Street Journal
'Stocks Retreat From Hights on Disappointing Earnings
“You have your normal first-quarter seasonal issues,” said David Donabedian, chief investment officer of CIBC Atlantic Trust Private Wealth Management, who cited the weaker-than-expected GDP reading for the first quarter, “but generally, the first-quarter earnings season gave equities a good boost.”

05.11.2017
ETF Trends
"Retail Earnings Disappoint, Drag on U.S. Stock ETFs"
“You have your normal first-quarter seasonal issues,” David Donabedian, chief investment officer of CIBC Atlantic Trust Private Wealth Management, said, “but generally, the first-quarter earnings season gave equities a good boost.” Read more »

05.11.2017
Barron's
"Europe on Sale: Time to Buy Foreign Stocks"
“Historically, the U.S. premium has been one to 1.5 multiple points, not three,” says David Donabedian, chief investment officer at [CIBC] Atlantic Trust. Valuation isn’t enough of a reason for international stocks to outperform, but better earnings growth could be a catalyst. “The U.S. is much closer to peak earnings than Europe,” he says.

05.05.2017
Fortune
"What to Expect in the April U.S. Jobs Report"
"We have seen a steady increase in anecdotal evidence of a mismatch in the labor force," said David Donabedian, chief investment officer at CIBC Atlantic Trust Private Wealth Management in Baltimore. "There are a number of industries that are having trouble hiring enough qualified personnel and those things will eventually lead to upward wage pressures." Read more »

05.04.2017
CNBC
"Wall Street Drops With Oil Prices, Health Bill Vote Awaited"
"I think the Fed's diagnosis of what happened in the first quarter was basically correct," said David Donabedian, chief investment officer of CIBC Atlantic Trust Private Wealth Management in Washington. Read more »

04.20.2017
Trusts & Estates Magazine
"Fiduciary Law Trends: A Roundup of Significant Court Cases"
"Annually, we learn something new in the fiduciary genre of cases following a year of fiduciary mistakes and tax issues," writes Joshua S. Miller, managing director and senior wealth strategist for CIBC Atlantic Trust.

04.17.2017
Barron's
"2017: Year of the Small-Cap Stock"
Those that have pulled back on high yield are favoring other fixed-income niches largely shielded from interest-rate risk. [CIBC] Atlantic Trust, for example, is emphasizing mortgage-backed securities and floating-rate bank loans, areas that benefit from accelerated economic growth and offer frequently adjusted floating rates.

04.11.2017
CNBC Power Lunch
"Atlantic Trust CIO: Growth is Good, But You Don't Want to Overpay..."
Dave Donabedian, Atlantic Trust CIO, and Kevin Mahn, Hennion & Walsh Asset Management president and CIO, weigh in on the markets as earnings season kicks off. Watch »

04.03.2017
The Wall Street Journal
"Fading Trade-Crackdown Fears Power Overseas Rebound"
“The fact that there hasn’t been much saber rattling there has been greeted favorably by the market,” said David Donabedian, chief investment officer at CIBC Atlantic Trust.

03.27.2017
Financial Times
"US Stocks Knocked as Healthcare Vote Gets Pulled"
“This increases the likelihood that you are going to a get a tax-cut package perhaps sooner than anticipated simply because of the political necessity,” said David Donabedian, chief investment officer at CIBC Atlantic Trust. “The president and the Republicans look like the gang that can’t shoot straight on the healthcare issue. They really need to deliver on tax cuts and fiscal stimulus. Failure is not an option.”

03.25.2017
Barron's
"2017: Year of the Small-Cap Stock"
Those that have pulled back on high yield are favoring other fixed-income niches largely shielded from interest-rate risk. Atlantic Trust, for example, is emphasizing mortgage-backed securities and floating-rate bank loans, areas that benefit from accelerated economic growth and offer frequently adjusted floating rates. Read more »

03.13.2017
The Wall Street Journal
"Rising ‘Real’ Yields Signal Optimism on Economy"
David Donabedian, chief investment officer at CIBC Atlantic Trust, says he believes that, despite an elevated equity-market valuation, stocks will perform well given the improving corporate-earnings outlook and the expected passage of a large fiscal stimulus proposed by President Donald Trump.

03.13.2017
Reuters
"Wall St Dips as Drug Stocks Drag; Fed Meeting in Focus"
"There is a lot of uncertainty in the healthcare sector," said Brant Houston, managing director at CIBC Atlantic Trust Private Wealth Management in Colarado. "Until this whole debate plays out, investors are going to be a little bit concerned about how these stocks will perform." Read more »

03.09.2017
Massachusetts Lawyer Weekly
"Digital Assets Have More Value Than We Think"
"Proper management of our digital property is becoming more important every day. The challenges of cyber security exist while we are alive and continue upon our death." Joshua S. Miller, senior wealth strategist for CIBC Atlantic Trust, co-bylined the article.

03.05.2017
The Wall Street Journal
"Europe’s Economy Rebounds, but Bargain-Priced Shares Draw Fleeting Interest"
“The economic news in Europe is heartening, but we’ve seen this movie before,” said David Donabedian, chief investment officer at CIBC Atlantic Trust.

03.01.2017
Financial Times
"Markets Cool on Trump Speech and Take Cue From Fed Policymakers"
“Markets will take away from this that the assumptions that are already built into the market are on course,” said David Donabedian, chief investment officer at Atlantic Trust. “For people looking for specific policy proposals, they might be disappointed. Basically we heard the president pounding the table on the priorities he has outlined.”

02.24.2017
Reuters
"Wall Street Dips; Dow Poised to Break 10-Day Record Run"
"Until you have some clarity out of the administration, hopefully that comes in 2017, but if it gets pushed out further then investors may lose a little bit of patience," said Brant Houston, managing director at Atlantic Trust Private Wealth Management in Denver. Read more »

02.02.2017
The Wall Street Journal
"Prepping For Inflation, Advisers Focus on Short-Term Bond Market"
“The administration has been focusing on what it can do itself—executive orders—and a number have been in the area of trade and immigration…that’s definitely given investors some pause,” said David Donabedian, chief investment officer at Atlantic Trust Private Wealth Management.

01.30.2017
Private Asset Management
"Prepping For Inflation, Advisers Focus on Short-Term Bond Market"
Dave Donabedian, chief investment officer at Atlantic Trust, has maintained an underweight position in fixed income since 2009, also focusing on bond portfolios with below average duration and sensitivity to direct interest rates. He and his team have expected equities to outperform fixed income since the financial crisis. “We haven’t changed that view, especially now that you see inflation and the direction of interest rates going higher,” he told PAM.

01.30.2017
Financial Times
"Atlantic Trust Appoints Office Heads in NY and Atlanta"
“The trade issue is the single biggest policy risk here,” says David Donabedian, chief investment officer at Atlantic Trust. “We are watching very closely how that unfolds. Is it a lot of sabre-rattling and rhetoric or are we going to see seriously heightened tensions and tit-for-tat actions that lead to a reduction in global trade.”

01.25.2017
FundFire
"Atlantic Trust Appoints Office Heads in NY and Atlanta"
Atlantic Trust has named managing directors Kishore Setty and Scott Thompson to head the firm’s New York and Atlanta, Ga. offices, respectively. The New York office oversees $5.7 billion in assets and the Atlanta office oversees $3.1 billion, according to a company spokeswoman.

01.24.2017
Family Wealth Report
"Atlantic Trust Hires Two New US Office Heads"
Atlantic Trust, which has $29.1 billion in assets under management, has revamped its US leadership team. Atlantic Trust, the US-based private wealth management arm of CIBC, has appointed Kishore Setty and Scott Thompson as head of its New York and Atlanta offices, respectively.

01.23.2017
Private Asset Management
"Atlantic Trust Appoints Nw Atlanta and New York Office Heads"
Atlantic Trust, CIBC’s private wealth management division, has promoted two executive heads to lead its New York and Atlanta offices. Kishore Setty will serve as New York’s office head, while Scott Thompson will serve as head of the firm’s Atlanta office.

01.20.2017
Forbes
"Investors Cheer Trump's Inauguration As America's 45th President"
“The markets will be watching how aggressive President Trump will be in pushing new policies," said David Donabedian, chief investment officer of Atlantic Trust Private Wealth Management. "Executive orders in the very first week of his presidency may indicate what direction his policy changes will take.” Read more »

01.11.2017
Financial Times
"The Dow Jones Industrial Average and 20,000 – Does It Matter?"
David Donabedian, chief investment officer at Atlantic Trust, points out that “everybody loves round numbers as a milestone in the progress of the markets. As an analyst and as a strategist, it means very little other than in the short term it could give an additional boost to the positive sentiment driving the market. When you step back to think about it, it is just a number.”

01.03.2017
Financial Times
"Equity Bulls Enter 2017 Ignoring Expensive Valuations"
Then there is Mr Trump’s antitrade rhetoric. David Donabedian, chief investment officer at Atlantic Trust, says: “There are some unquantifiable risks that may come out of the new administration that are not so positive. The whole issue of trade policy, protectionism and diplomatic policy toward China is a huge deal and a complete unknown at this point.”