MSCI Barra, a leading provider of benchmark indices and risk management analytics products, is pleased to announce that the California Public Employees' Retirement System (CalPERS), the largest asset owner in the US with over USD 230 billion in assets under management, has chosen to use Barra Analytics to help it select and monitor external equity managers.
The CalPERS external equity group is using Barra Analytics delivered on the FactSet platform to analyze the risk and performance of their external managers and to perform due diligence on new managers they are considering hiring. They are also utilizing this tool to analyze the risks of relatively new investment products such as those utilizing 120/20 and 130/30 strategies and to develop risk reporting templates.
âWe are delighted that CalPERS has chosen Barra Analytics,â said Diana Kabir, Managing Director, MSCI Barra. âCalPERS already uses Barra products in other areas of its organization and the adoption by the external equity group reinforces the value of Barra risk tools in the investment process.â
Barra Analytics have been available on FactSet since 2006. The offering integrates Barraâs market-leading risk and performance analytics and content within FactSetâs portfolio analysis application, PA2. This enables clients to analyze portfolios using Barraâs risk framework, with PA2âs fundamental data, reporting and analytical capabilities.