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CMS BONDEDGE ANNOUNCES LATEST BONDEDGE RELEASE Tracking error analysis, used by both North American and European portfolio managers to forecast the likely differences in return between a portfolio and chosen benchmark, has been well received. Lou Gehring, senior vice president, client consulting and product manager, BondEdge, comments, "Many of the clients I've met with have responded well to our calculation methodology, claiming it is much more robust than many current methods." Teri Geske, senior vice president of product development, notes "We have incorporated the some of the latest risk measurement techniques into our tracking error analysis, such as the use of option-adjusted key rate durations to capture interest rate risks (including correlations across different countries); this methodology goes beyond a more traditional 'yield curve shift/twist' approach." Global enhancements included in version 4.6 include the ability to perform portfolio total return simulations on a global portfolio (where each security in the portfolio is shocked against the appropriate corresponding government yield curve), and global "what-if" reporting, which now includes risk exposure to country and currency risk (in addition to other risk factors) before and after suggested trades. Laurie Adami, president, notes, "The
global enhancements made to the system over the past twelve to eighteen
months mark our continued commitment to service the European fixed income
community, and have resulted in our first two BondEdge sales in the
UK. Many of the other enhancements incorporated into this release, such
as the speed enhancements, will clearly benefit our entire client base,
and mark our commitment to provide a superior fixed income portfolio
product to the fixed income community as a whole." About CMS BondEdge: Contact:
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