BARRA to develop first South African risk model.LONDON--(BUSINESS WIRE)--March 6, 1995--BARRA 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 BARRA Bangladesh Rural Reconstruction Association 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 thirteen-member consortium will support the development of the first South African multiple factor equity risk model. The consortium members will have exclusive use of this model until 1996. Portfolio managers, pension funds and brokers will be able to use this model, combined with BARRA's risk characterization and optimization software, to determine the risk, sources of risk and style of a South African equity portfolio. "BARRA's expertise over the past twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. in analyzing and developing models of equity and fixed-income markets world-wide, coupled with the consortium members' intimate knowledge and understanding of the South African market, will make this model invaluable to the investment community," said Stan Beckers, president of BARRA International Ltd. "The development effort will thoroughly analyze the factors which drive stock prices in South Africa." The South African Model will also enable clients to construct and manage index funds relative to a specified Johannesburg Stock Exchange Johannesburg Stock Exchange (JSE) Established in 1886, the Johannesburg Stock Exchange is the only stock exchange in South Africa. Gold and mining stocks form the majority of shares listed. (JSE JSE See: Johannesburg Stock Exchange ) Index, or any other chosen benchmark. In addition, the model will assist active managers with portfolio construction by building portfolios which most efficiently reflect their forecasts on stocks, sectors or the market as a whole. The model will also provide insightful performance analysis -- including the ability to identify the reason why a portfolio performed well or poorly and determine whether performance was due to luck or skill. Consortium members include: Alexander, Paterson Faure Inc., Coronation Asset Management (PTY Pty Austral & S African Proprietary ) Ltd., Eskom Pension and Provident Fund, Genbel Investments Ltd., Iscor Pension Fund, Martin & Co. Inc., Old Mutual Investments, Prudential Portfolio Managers (South Africa)(PTY) Ltd., RMB RMB Right Mouse Button RMB Regional Management Board (USACE) RMB Rolf Maier Bode (musician, band) RMB Ren Min Bi (currency of People's Republic of China) Asset Management (PTY) Ltd., Sanlam, Standard Merchant Bank Ltd., Syfrets Managed Assets Ltd., and Time Life Insurance. BARRA, founded in 1975, provides innovative analytical models, software and services that enable its more than 750 clients worldwide to make superior investment and trading decisions. BARRA's software and services analyze equity, fixed-income, currency and other financial markets. Based in Berkeley, BARRA also has offices in New York, Montreal, London, Frankfurt, Paris, Yokohama, Hong Kong and Sydney. CONTACT: BARRA Inc. Susanna Cesar, 510/649-4638 Andrew Cauldwell, 0171/283-2255 (UK) Hendrick Du Plessis, 021/969615 (South Africa) |
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