BARRA and CAPS Launch Risk Reporting Joint Venture
January 21, 1998 08:30 AM
LONDON, Jan. 21 /PRNewswire/ -- BARRA, Inc. BARZ and CAPS Ltd. today announced the launch of Risk Reporting Limited -- a 50/50 joint venture between BARRA and CAPS Ltd.
Risk Reporting Limited will provide quarterly and annual reports which focus on identifying the risk of a pension fund relative to its benchmark, peer groups and cash.
The service is available for both balanced and specialist portfolios and will identify the risk of the pension fund and underlying portfolios. In addition, it will analyze each asset class and the sources of risk including style analysis and the contributions due to asset allocation, industry allocation and stock selection.
"Trustees will increasingly need to consider return in the context of risk. We are absolutely delighted to have this joint venture in place," said John Clamp, chief executive of CAPS Ltd.
"This service will address the increasing concern about risk levels of pension funds. The reports are structured for Trustees and pensions managers, but utilize the risk models that are accepted by investment managers worldwide as the industry standard. They will provide a new dimension to controlling and reviewing investment managers," commented Stan Beckers, president of BARRA International, Ltd.
Additional information is available on-line at risk-reporting.com.
CAPS Limited was established in 1984 by three major firms of consulting actuaries who were well-established providers of performance measurement. Since then the business has grown extensively through the provision of investment performance reporting mainly to pension fund trustees, investment institutions and their advisors. The Company is now owned by four of the major benefit and asset planning consultancies in the U.K., namely: Bacon & Woodrow, Sedgwick Noble Lowndes, Watson Wyatt Partners and William M. Mercer. Today CAPS measures over half of the segregated pension funds in the U.K. together with extensive pooled fund services. Additional information on CAPS is also available on-line at caps.co.uk.
BARRA's 50 percent ownership interest in Risk Reporting Limited is held by BARRA Holdings, Ltd., a wholly-owned subsidiary of BARRA, Inc.
BARRA, founded in 1975, provides innovative analytical models, software, consulting and money management services that enable its clients worldwide to make superior investment and trading decisions. With its European headquarters in London, BARRA also has offices in major financial centers throughout the world. Information on BARRA is also available on-line at barra.com.
Each statement contained in this news release containing any form of the word "will" is a forward-looking statement that may involve a number of risk factors and uncertainties. Among other factors that could cause actual results to differ materially are the following: availability of adequate third-party data and distribution arrangements on reasonable terms and at reasonable prices; and the ability of software and data to accommodate date changes after December 31, 1999 and the adoption of the European Monetary Unit. Further information on potential factors that could affect BARRA's financial results are included in BARRA's Form 10-K for the 1997 fiscal year filed with the United States Securities and Exchange Commission (SEC). Refer to BARRA's SEC filings, copies of which are available from the company without charge for further information. SOURCE BARRA, Inc. |
