NEW YORK - Citibank Inc.'s Private Banking Group has purchased Expert Allocator software from Sponsor Software-Systems Inc. Both companies are in New York.
"We are using it as part of a process through which we develop country-specific portfolios that address the needs of clients with different risk tolerances, in terms of analytical support for the creation, design and evaluation of those portfolios," said Arnold Amstutz, a vice president with Citibank.
Expert Allocator has a number of features, including the ability to measure downside risk or the traditional return variance structure, said Mr. Amstutz. He said the program also has the ability to use economic scenarios as well as time period-based references when creating an efficient frontier.
Citibank Private Banking Group operates in 64 countries.
Vestek, QUANTECH sign deal
SAN FRANCISCO - Vestek Systems Inc. portfolio analysis and portfolio optimization software will incorporate QUANTECH global and country risk models.
Vestek, San Francisco, reached an agreement with QUANTECH Ltd., London, to incorporate QUANTECH's global risk model and 37 individual risk models into Vestek's Portfolio Analyzer.
The global risk model focuses on the impact of global factors on portfolio risk and return. It identifies the influence of both global sectors and local markets on portfolio risk and gives analysis of the currency exposure in a portfolio.
The country risk models, which measure the risks of global equities, cover Europe, the Americas, Africa/Middle East and Asia/Pacific.
For further information, contact Susan Lundquist at Vestek, (415) 398.
Ibbotson links 2 programs
CHICAGO - The linking of two Ibbotson Associates software programs will allow more accurate asset allocations when using mutual funds, according to officials at the Chicago firm.
They have linked Ibbotson programs Portfolio Strategist to the Fund Strategist.
"The Portfolio Strategist-Fund Strategist link provides a solution to the age-old problem of including mutual funds in asset allocation programs," said Mike Henkel, an Ibbotson managing director.
For further information, contact Heather Fabian at Ibbotson at (312) 616-7592.
Disclosure expands capability
BETHESDA, Md. - Disclosure Inc., Bethesda, is adding full text searching capability to its financial database.
Disclosure consists of more than 5 million source filings and comprehensive databases covering 50,000 public companies.
For further information, contact Cheryl Gustitus at Disclosure at (301) 961-2780.
New reports offered
GREENWICH, Conn. - The portfolio accounting and investment system I.M.S. for Windows is getting a new line of performance measurement reports, according to officials with INDATA, Greenwich, the maker of the system.
The new reports includes Daily Performance, based on daily prices, transactions, income and capital changes and Sector Attribution software for use in comparing against an index of Standard & Poor's Corp. and Frank Russell Co. sector classifications.
American Express program
MINNEAPOLIS - Plan sponsors can access information on their participants' accounts through the new software program ExpressLink, according to officials with American Express Retirement Services, Minneapolis.
Plan sponsors also can develop customized reports, view standard reports on-line and correspond with their American Express account team via e-mail.
For further information contact Pete Stoddart at American Express at (612) 851-7226.
Data integration sought
PALO ALTO, Calif. - Financial Technologies International, New York, and C*ATS /Software Inc., Palo Alto have announced an initiative to resolve data integration difficulties in enterprise risk management.
The two firms will collaborate on development of Risk-DM, a data model and data integration platform.
"We want our clients to have the quickest possible path to obtain information for the management of market and credit risk management systems," said David Gilbert, C*ATS president and chief operating officer.
Expo adds econometric module
CAMBRIDGE, Mass. - A software module for econometric tests, model estimation and forecasting techniques is being added to EXPO analytical and decision support software.
"There has been rapidly growing interest in applying econometric tools to forecasting financial markets," said Jay Smith, chairman of Leading Market Technologies, Cambridge, the maker of EXPO.
Home loan program on site
SACRAMENTO, Calif. - The $113 billion California Public Employees' Retirement System has provided a Web site for its Member Home Loan Program: www.calpers.ca.gov/homeloan.
The site also offers access to a lender to qualify for a loan.
For further information, contact Brad Pacheco at the system at (916) 326-3991.
Program speeds integration
SURREY, British Columbia - FinancialCAD Server software solves one of the biggest roadblocks to modernizing the financial industry, according to officials with FinancialCAD Corp., Surrey.
FinancialCAD Server enables the integration of financial information across all financial instrument classes.
FinancialCAD Server organizes, manages and produces quote, valuation, risk and cash flow data for virtually all financial instrument classes, including a wide range of complex derivatives, on a multicurrency basis.
For further information, contact Robert Park at (604) 572-3682.
AutEx available with Reuters
LONDON - AutEx, a provider of front-office pre-trade automation services, has signed an agreement with Reuters, London, so AutEx can be viewed on the same computer terminal as the Reuters service.