BERKELEY, Calif. - BARRA Inc. released a new graphical version of its World Markets Model, one that is compatible with Microsoft Windows and has ease of use features.
The new 5.0 version of the model also offers a performance analysis capability.
"Currency effects can complicate effective performance analysis. The World Markets model enables investors to accurately identify the sources of returns in an international diversified portfolio, taking currency considerations into account," said Stan Beckers, president of BARRA International.
The Worlds Markets Model offers a global overview of international portfolios, across both asset categories and asset markets. It provides risk analysis for developed and emerging markets and covers a variety of investment categories including equities, fixed income, currencies and real estate.
The World Markets Model also has:
--The capability to refine expected returns, which helps to produce more intuitive and sensible optimal asset allocations;
--Sophisticated currency hedging facilities, which can be used to eliminate either absolute or relative exposure; and
--A backtesting function that enables investment strategies to be implemented in a full historical environment.
For information, contact Susanna Cesar at (510) 649-4638 or Nick Sudbury at 011/44/71-283-2255.
Bulletin Boardroom is on line
MINNEAPOLIS - Some 58% of 150 industrial and service companies with revenues of more than $1 billion aren't complying with one or more elements of Section 162M in the Internal Revenue Code - the $1 million cap on executive compensation, according to one of the executives chatting on Bulletin Boardroom.
Bulletin Boardroom is the first online service exclusively devoted to serving institutional investors, analysts and investor relations departments.
Another executive chatting on-line said one of the ways organizations are reacting to Section 162M is having shareholders approve the design, metrics and methods of calculation of incentives. That way, the executive said, companies can have payments made under these approved plans qualify as performance-based compensation and therefore not subject to the limitation.
The online service, based in Minneapolis, allows subscribers to communicate through e-mail and online chatting.
Bulletin Boardroom also has a financial database with information on more than 100 publicly traded companies including AT&T, IBM and General Motors.
For information, contact Ross Kaplan at (612) 871-5375.
Dow Jones, Nikkei linked
NEW YORK - Dow Jones News/Retrieval customers based in North and South America may gain direct access to the Nikkei electronic databases in Tokyo.
Dow Jones and Nihon Keizai Shimbun Inc. of Japan have announced the launch of dual electronic gateways that link the two companies' online information retrieval services.
The Nikkei database contains a wide variety of business and economic news data, including the English translation of Nihon Keizai Shimbun, the company's flagship newspaper.
Nihon Keizai Shimbun publishes newspapers and wire services in both Japanese and English. It also publishes a large number of magazines, books and trade periodicals, operates television networks and has major interests in electronic information services.
For information, contact Roger May at (212) 416-2601.
Morningstar out with CD-ROM
CHICAGO - Institutional investors can instantly grab mutual fund prospectuses, annual reports and other fund documents off a new CD-ROM from Morningstar Inc. called Mutual Fund Documents OnDisc.
The new CD-ROM permits fund companies, brokerage houses and institutional investors to search in seconds through nine criteria to find the comments they want.
On the series of CDs Morningstar has collected more than 18,000 documents and 250,000 pages.
Also included in the software are the same full-page reports on 1,500 funds that are published in Morningstar Mutual Funds.
Investors using the CD-ROM can look at prospectuses and reports displayed exactly as they appear in the original documents.
For information, contact Jill Fallick at (312) 696-6246.
Users polled on icon
LOS ANGELES - Capital Management Sciences Inc. is asking users of its BondEdge fixed-income portfolio analysis system to send in suggestions for the icon it will use in its coming Microsoft Windows compatible version of BondEdge.
The new version will be in beta testing soon. The version will require considerably less hard disk space, according to the developers of the system. The recommended RAM requirement will be 16 megabytes, although the system will work with 8 megabytes. The new version also will require a computer using a 486/33 microchip.
Current import file formats won't be altered.
For information, call (310) 479-9715.
Lynch, Jones taps ESI
NEW YORK - The clearing division of ESI Securities Co. will clear all trades executed by Lynch, Jones & Ryan, New York. The two firms plan to work on product development and international expansion.
For information, contact Debbie Reisner at (212) 605-3140.
ATTACK software updated
SAN FRANCISCO - Attack Systems International has released a new version of the real estate management software ATTACK. Using features of Lotus Notes network software, ATTACK eliminates labor-intensive data entry, allows electronic capture of images and permits multi-user access.
For information, contact Lisa S. Levine at (415) 421-8191.