RESEARCH TRIANGLE PARK, N.C. -- Mobius Group Inc. and Vestek Inc. have cooperatively developed an asset allocation software system called M-Vest.
Subscribers can access Vestek-generated expected rate of return numbers and private account manager returns from Mobius Group's M-Search, an investment manager database system.
The annual license fee for M-Vest begins at $3,500.
Vestek, San Francisco, offers stock selection models, portfolio optimizers, portfolio analysis and performance attribution systems.
North Carolina-based Mobius Group is a provider of analytical tools, an investment manager database system and financial planning software.
The Windows-based program offers asset class optimization capabilities, Mobius officials said. Mobius offers single-currency and multicurrency versions.
For more information, call Cathy True at Mobius Group at (919) 549-0444.
Furman, ING license PAM, additional software
PRINCETON, N.J. -- Furman Selz Trust Co. and ING Canada Group have licensed PAM for securities, portfolio accounting and management software.
ING Canada has also licensed PAM for mutual funds, accounting system software, and Furman Selz Cash and Market Data Acquisition Modules software. The software is a product of Princeton Financial System Inc., a subsidiary of State Street Corp.
Michael Stock, ING financial manger of corporate accounting, said his company selected PAM products because of their support of Canadian financial reporting, a fully integrated mutual fund module for managing segregated funds and the planned capability to run the Oracle software database on a UNIX server.
The company also liked that PAM is 32-bit software and is easy to use, he said.
Furman Selz management chose PAM software, said Tim Donovan, a senior vice president, because of its ability to handle short-term fixed-income products, its flexibility and its ad hoc query and reporting capabilities.
For more information, contact Gordon Gacek, at Princeton Financial Systems, at (609) 987-2400 or [email protected]
Cosmos Decision module combines strengths
BERKELEY, N.Y. -- BARRA Inc., Berkeley, Calif., released the first new integrated version of its fixed-income analysis software, Cosmos System Decision, since its acquisition of former competitor Global Advanced Technology Corp.
Cosmos-Decision is a portfolio management tool designed for understanding and managing the exposures of taxable and tax-exempt bonds and derivatives. It uses the concept of key rate durations to evaluate the effects of changes in interest rates on securities or portfolios.
Roveen Bhansali, BARRA's managing director of fixed-income services, said improvements allow users to constrain portfolios against index characteristics then review portfolio compliance violations within a trade simulation before actually executing a trade.
Software version 2.2 also provides new detailed information on all major domestic bond indexes, including effective duration, convexity, key-rate duration, portfolio versus index allocation by bond type, sector and ratings, and active portfolio historical returns.
The new system, BARRA officials said, has market-to-market capabilities that allow the software to store computed values per security for quick access and can calculate performance measurement.
The software, Mr. Bhansali said, breaks down a portfolio's return to price, coupon and reinvestment returns over a user-defined time period. Portfolio managers can change, add, delete and/or import historical transactions in the database.
For more information, call Frank Nielsen at BARRA at (212) 804-3982.
InSite adds Company Profile software enhancement
LOS ANGELES -- Capital Management Sciences Inc. has released Company Profile, an enhancement to InSite, its Internet-based market data service.
"The intent of the Company Profile page in InSite is to provide an organized snapshot of pertinent, up-to-the-minute information on a company," said Laurie Adami, CMS chief operating officer.
InSite provides real-time quotes for equity, fixed income, foreign exchange, futures and options. It also provides fixed-income analytics, research, news and historical information.
For current clients, the Company Profile page is available at no additional charge. Subscriptions to InSite cost between $175 to $495 per month. For more information, call Lorraine DiBacco at CMS at (310) 479-9715.
SS&C intends to acquire APL2000 software business
WINDSOR, Conn. -- SS&C Technologies Inc. has signed a nonbinding letter of intent to acquire the software tools arm of Princeton, N.J.-based APL2000 Inc.
The acquisition would allow SS&C to offer a full complement of consulting and technical services for APL users, including application development and enhancement, optimization, assistance in changing programs so that they can be run on different operating systems, APL applications across platforms and training, said William C. Stone, chairman and chief executive officer at SS&C.
Steve Hemmerick can be reached at [email protected]