CheckFree finishes major upgrade to M-Search database
NEW YORK -- CheckFree Investment Services recently completed a major upgrade to its M-Search (formerly Mobius) database, putting it on the web and expanding user capabilities.
The updated release allows CheckFree's 600 M-Search subscribers direct web links within the database. Also, comprehensive qualitative and quantitative data on the more than 1,300 investment management firms and 5,500 portfolio composites in the CheckFree universe will be updated monthly, although it will continue to be reported quarterly. The quarterly data will be broken down by month rather than three-month periods. M-Search also has started providing weekly data updates via the Internet.
"If you are doing quantitative or statistical analysis there will be more data points which provides for more robust analysis," said Jay Kimple, vice president and director for consulting products sales. "This allows us to turn the data around quicker."
The M-Search data will continue to be available on CD-Rom.
With the web capability, M-Search users can access information on a specific firm and its products, or search for, sort and rank managers using multiple criteria. In addition to basic performance data such as returns and standard deviations, M-Search offers Modern Portfolio Theory statistics, up and down market capture ratios, downside risk statistics, risk-adjusted return measures and returns-based style analysis informationm as well as domestic and international index data.
The upgrade also includes a new user interface and enhanced mutual fund screening and analysis based on style and performance, Mr. Kimple said.
The new online presentation of the M-Search data is more complete and money manager data are easier to manipulate, said Brett Sherman, vice president and director of investment management consulting at John G. Kinnard & Co., a Minneapolis-based asset manager.
Online hedge fund supermarket to debut in 2001
NEW YORK -- HedgeWorld FundSelect, the first online supermarket for hedge funds, is scheduled to go live in the first quarter of 2001. It will offer qualified individuals, institutions and financial advisers a single destination with access to up to 50 funds covering several investment categories and styles. The site will follow the supermarket model made popular by the mutual fund industry. The service will be offered by HedgeWorld.com.
BGI plans website for
iShares index funds
SAN FRANCISCO -- Barclays Global Investors next year will launch a website dedicated to providing information and investment tools for its iShares, index funds that are bought and sold like common stocks. Fort Point Partners was selected to design and build the site, iShares.com, scheduled to launch early in 2001.
Fong launch Solution133
NEW YORK -- PricewaterhouseCoopers LLP and Gifford Fong Associates launched a website aimed at helping companies value, account for and report their derivatives strategies and hedges. Such reporting is required under new financial accounting standards that go into effect Jan. 1. The site, Solution133.com, was developed as a joint venture between PWC and consulting firm Gifford Fong. Using the site, companies can calculate their derivative valuations, do hedge effectiveness tests and prepare reports required by FAS 133. Through the website, subscribers also can get free FAS 133 online seminars and training. Solution133.com is offering a free seven-day trial by logging on at www.solution133.com.
Fimatrade links derivatives
exchanges for investors
NEW YORK -- Fimat Group customers can connect to U.S. and world derivatives exchanges using Fimatrade, the company's electronic trading system for institutional investors. Fimatrade has been linked to the Chicago Board of Trade/Eurex and the Chicago Mercantile Exchange's GLOBEX2 trading platforms, according to a release from The Fimat Group. Investors using Fimatrade already have access to the London International Financial Futures Exchange and the Marche a Terme d'Instruments Financiers.
The GLOBEX alliance is a partnership between CME, Paris Bourse, the Singapore Exchange Derivatives Trading, the Brazilian Bolsa de Mercadorias & Futuros, the Montreal Exchange, and the Spanish Futures and Options Exchange. By year's end, The Fimat Group plans to add futures exchanges in Hong Kong, Montreal, Sydney and Tokyo, as well as stock exchanges in Osaka and Tokyo, to its list of accessible electronic trading platforms.