Bear Stearns Asset Management, along with its minority partner, Miller Tabak + Co., has acquired Measurisk. The former company, a risk-solution provider, had offered solutions for risk assessment, management, and communication across multi-manager, multi-asset class, global portfolios. The product will be renamed Bear Measurisk. Bear Measurisk will aim to address the needs of pension plans, endowments and foundations, insurance companies, hedge funds and fund of hedge funds.
Rich Marin, BSAM's CEO in a release says that demand for risk-transparency from customers is increasing. "With this capability, we can deliver comprehensive risk-measurement solutions that are critical to institutional investors and asset managers in understanding and communicating risk."
Russell Investment Group has opted for an investment-management system from Boston-based Upstream Technologies. The solution, Upstream's Investment Management System (IMS) will be hosted as an ASP service from Lava Trading, who owns a stake in the technology company.
Russell will tap into the solution to automate the investment manager's workflow, and integrate into portfolio-accounting or trading systems. IMS manages investment products including Multi-Style Portfolios, as well as domestic and international equities, fixed-income instruments, exchange-traded funds, ADRs, cash and mutual funds.
Thomson Financial is to launch Thomson Peer Group Analysis Professional (PGA Pro), a Web-based service that offers users the ability to compare their products to their competition. Teaming up with Infinata, an Arlington, Mass.-based prospecting software vendor, Thomson is to offer comparisons to 50 peer universes for the institutional-investment marketplace. It will also be able to show users the competition's top 10 equity holdings.
Users will have access to the Nelson Investment Manager Database in order to analyze current and historic performance rankings, upper/lower quartiles and risk/reward scattergrams. Current subscribers to Nelson MarketPlace can link directly to PGA Pro's profiles.