BARRA to build Malaysian equity risk model.BERKELEY, Calif.--(BUSINESS WIRE)--Dec. 13, 1995--BARRA, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BARZ) today announced that a sixteen-member consortium of financial institutions will support the development of its new Malaysian equity risk model. The members of the consortium will have exclusive use of the model during the initial phase of the project. "The recent liberalization of the capital markets in Malaysia and the imminent launch of the stock index futures contract at the Kuala Lumpur Options & Financial Futures Exchange (KLOFFE KLOFFE See: Kuala Lumpur Options and Financial Futures Exchange ), have created a strong demand for sophisticated analytical tools among the local market participants," said Gene Chen, senior vice president of BARRA BARRA Bangladesh Rural Reconstruction Association International Ltd., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of BARRA with offices in Hong Kong. The model will be used by brokers, mutual fund and pension fund managers, and investment advisors to manage the risk of their portfolios and evaluate existing funds in the market. The model may also be used for stock index futures, and for estimating volatilities on baskets of stocks to value options and warrants. The model will utilize the theory of multiple-factor risk models. BARRA also has other equity multiple-factor risk models -- including the U.S., U.K., Australia, Switzerland, Germany, and Japan. The Malaysian Equity Model consortium members include: A.G.I. Asset Management Sdn. Bhd., Arab Malaysian Merchant Bank Bhd., Arab Malaysian Securities Sdn. Bhd., BIMB BIMB Bank Islam Malaysia Berhad Securities Sdn. Bhd., Employees Provident Fund The Employees Provident Fund (Abbreviation: EPF, Malay: Kumpulan Wang Simpanan Pekerja) is a government organisation in charge of social security or retirement planning for legally employed workers in Malaysia. , Kuala Lumpur Mutual Fund Bhd., MBF MBF Thousand Board Feet MBF My Best Friend MBF Microsoft Business Framework MBF Medical Benefits Fund MBF My Boyfriend MBF Man's Best Friend MBF Management By Fact MBF Master Business Function (J.d. Unit Trust Management Bhd., Mayban Management Bhd., O.S.K. Futures & Options Sdn. Bhd., Pengurusan Pelaburan ASN (1) (Autonomous System Number) A unique identifier of an autonomous system on the Internet. Of the 65 thousand ASNs available, more than 30 thousand have been assigned to ISPs and NSPs. ISPs usually have only one ASN, but NSPs may have more than one. Bhd., Permodalan Nasional Bhd., Petroliam Nasional Bhd., PJB Capital Holdings Sdn. Bhd., Rashid Hussain Asset Management Sdn. Bhd., RHB Futures Sdn. Bhd., and The Securities Commission of Malaysia. BARRA, founded in 1975, provides innovative analytical models, software and services that enable its more than 850 clients worldwide to make superior investment and trading decisions. BARRA's software and services analyze equity, fixed income, currency and other financial markets, and their models are the worldwide standard for communicating portfolio characteristics. Based in Berkeley, Calif., BARRA also has offices in New York, Montreal, London, Frankfurt, Paris, Yokohama, Hong Kong and Sydney. Information on BARRA is also available on-line at http://www.barra.com. CONTACT: BARRA International Relations, Ltd. Hong Kong Gene Chen, 852 2521 3083 or BARRA, Inc. Sally Mao, 510/548-5442 |
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