BERKELEY, Calif. - A new risk management system to help investors control risk in portfolios of Japanese equities will be co-developed by BARRA Inc. and QUICK Corp., a Japanese data company.
"It is becoming more important for trust banks, pension funds and investment management and life insurance companies to control the risk of equity investments and to disclose information to sponsors," said Andrew Rudd, chairman and chief executive officer of BARRA, the analytical software developer and consultant.
QUICK's on-line Japanese market data platform will distribute the risk management system. The Japanese equity model developed by QUICK and BARRA to control risk will be a low-priced, on-line service for institutional money managers. The system will combine real-time market data with practical tools such as risk analysis, optimization and screening functions.
QUICK, based in Tokyo, supplies data to clients in 20 countries.
BARRA has 750 clients.
More information about Quick may be obtained by contacting Toshi Matsumae at (510) 649-4562.
LOS ANGELES - BondEdge, the fixed-income analytical software system from Capital Management Sciences, has been expanded to analyze municipal bonds.
BondEdge can now:
Access municipal data and pricing information, including state codes and pre-refunding data;
Provide federal and state tax tables for calculating tax-equivalent yields;
Provide municipal bond indexes for portfolio vs. benchmark comparisons;
Provide calculations of critical risk measures such as effective duration, convexity and option-adjusted spread;
Deliver standard and customized portfolio reports including sector and state breakdowns; and
Supply portfolio simulations for predicting the effect of parallel/non-parallel interest rate shifts and sector and quality spread changes.
CMS is based in Los Angeles.
More information on BondEdge can be obtained by contacting Lorraine DiBacco at (310) 479-9715.
BOSTON - The brokerage and investment banking firm Dillon, Read & Co., New York, has agreed to provide its research notes and earnings estimates exclusively on the electronic network FIRST CALL, Boston.
Dillon, Read provides research on more than 250 companies, covered by 16 analysts, in several industries including media, communications, health care, energy, retailing, building and construction, electric utilities, technology, capital goods and special situations.
FIRST CALL clients can access analyst morning meeting notes and intraday research broadcasts from 52 North American and 117 international brokerages.
For information, contact Clare Powell at (617) 345-2990.
NEW YORK - MoneyCenter for UNIX, the first integrated information product that is compatible with the UNIX operating environment, is being offered by Knight-Ridder Financial.
MoneyCenter for UNIX provides news, quotes and fixed-format pages with technical analysis and offers more than 30 technical studies, chart types and global real-time and historical information. The service uses a hybrid of broadcast and interactive communications.
Real-time data on MoneyCenter is broadcast instantly. Knight-Ridder's extensive historical database is available interactively through leased telephone lines.
MoneyCenter for UNIX is available in the United States, Canada and Europe.
The information service includes prices from more than 40 international security exchanges, and access to 250,000 instruments, including expired futures and cash Treasury prices.
More information about the MoneyCenter service is available by contacting Gerald Becker at (312) 930-1600.
BOSTON - PARAGON, a fixed-income accounting and analytics system, is now being used at more than a dozen client sites, according to executives of Thomson Investment Software, Boston.
PARAGON's clients include Clayton Brown, Chicago; Comerica Bank of Detroit; Compass Bancshares, Birmingham, Ala.; and National Bank of Commerce, Memphis.
"PARAGON is the only PC/LAN-based accounting system that integrates the complex and distinct needs of today's portfolio management and operations areas," said Ira Keller, general manager of PARAGON.
The system includes fixed-income analytics, regulatory reporting, accounting and regulatory capabilities, especially for mortgage-backed securities, collateralized mortgage obligations and derivatives.
More information is available by calling (617) 345-2925.
