Barra, the Berkeley, California-based vendor of risk management systems for the funds industry, is beginning to market a new module called Barra Enterprise Performance to institutional investors that allows them to measure investment performance based on daily pricing information.
Olivier D'Assier, Tokyo-based vice president for Barra Asia-Pacific and president of Barra Japan, says even the world's biggest money managers take days to measure returns based on daily prices, because they have thousands of securities to look after. Our module does it in seconds, he says.
The technology comes from a recent acquisition. In December, Barra bought Sydney-based Investment Performance Objects IPO, which provided daily pricing systems to six Australian fund...
