Frank Russell Co. released manager investment style analyzer software that offers both a historical returns method and a portfolio characteristics method.
The historical returns analyzer is based on the methodology developed by William Sharpe and is already being used in style analysis software from other firms. The portfolio characteristics analyzer is based on methods developed by Russell in its manager research. Included is analysis of investment style consistency and downside risk.
A spokesman said data for portfolio characteristics analysis can be input by the user or purchased from Russell.
The system, called Russell Style Classification, runs on Windows 3.1 and costs $7,000. Discounts are available for clients using Russell's performance data.