CHICAGO - A new version of Ibbotson Associates analysis program EnCorr for Microsoft Windows 95 and Windows NT has been released.
EnCorr Version 5.0 takes advantage of the operating system's faster performing 32-bit capabilities to integrate strategic asset allocation, style analysis and statistical and graphical analyses.
Chicago-based Ibbotson's new version can connect directly to Morningstar Principia, Mobius and Effron/Plan Sponsor Network databases from within EnCorr Analyzer and EnCorr Attribution products.
The new version also can create and print customized reports from within Analyzer, Optimizer and Attribution.
Users of EnCorr Version 5.0 can create and save their own customized peer groups or use other third-party peer groups for analysis.
For further information, contact Heather Fabian at Ibbotson at (312) 616-7592.
Instinet sales up
LONDON - Instinet, the equity trading subsidiary of Reuters Holdings PLC, London, increased sales 40% to $588 million for the year ended Dec. 31, according to Reuters.
The company also reported sales for Instinet are going well this year. For Reuters as a whole, revenue increased by 8% during 1996 to $4.95 billion.
BARRA dissects Japanese bonds
BERKELEY, Calif. - BARRA Inc., Berkeley, Calif., released software that will analyze portfolios of Japanese bonds.
The new software, Cosmos-Japan, allows money managers investing to understand and control local market risk.
"Managers investing in Japanese fixed-income instruments are increasingly concerned about accurately characterizing risk at the portfolio level. Cosmos-Japan is a service that addresses these needs in a sophisticated format, adding a new dimension to controlling and reviewing portfolio risk levels," said Daniel Beck, vice president of fixed income at BARRA.
Cosmos-Japan performs the analysis through a combination of option-adjusted spread valuations and risk modeling.
It includes coverage of Nikko indexes and more than 3,000 securities are covered, including all government, government-guaranteed, non-government guaranteed, municipal, utilities, finance, corporate and samurais covered in the Nikko Bond Performance indexes.
The software is a module in BARRA's suite of fixed-income analytics.
It permits stress testing of portfolios under different scenarios of changing interest rates and sector or quality spreads.
For further information, contact Toshi Matsumae at BARRA, (212) 508-4127.
OASYS on the rise
BOSTON - Thomson Electronic Settlements Group's OASYS trade allocation and acceptance service posted a 31% increase in usage and a 20% increase in clients during 1996, Thomson company officials reported.
Thomson provides automated post-trade processing products for so-called paperless trading solutions.
UAM buys software firm
BOSTON - United Asset Management Corp., Boston, acquired the PC-based record-keeping and administration software company InvestLink Technologies Inc., New York. Terms weren't disclosed.
UAM's acquisition is expected to provide InvestLink with the financial backing to make defined contribution plan providers more comfortable about licensing the firm's core product, TotalServiceManager, said Timothy Slavin, InvestLink president.
The firm develops and licenses programs for record keeping, administration and servicing of defined contribution plans.
InvestLink's LAN-based system was designed for use with personal computers in collaboration with UAM Retirement Plan Services Inc., a UAM affiliate that provides fully bundled services to defined contribution sponsors.
InvestLink plans to market TotalServiceManager to sponsors, third-party administrators, fully bundled plan providers and other financial service companies. InvestLink will focus on firms that support multiple plans with 100 to 30,000 participants.
UAM provides investment management services primarily to institutional investors and manages more than $175 billion.
For further information, contact Mr. Slavin at InvestLink at (212) 220-4141.