According to Dr. Lance Smith, CEO at Imagine Software, âThe business rationales behind the integration included adding another dimension to examining risk in real-time, enabling non-linear stress testing, utilizing Barra functionality beyond straight equity portfolios, and making multi-factor analysis easy-to-use in oneâs day-to-day operationsâwhich I think weâve done a nice job of providing.â
Dr. Smith remarked on the benefits the Barra integration within Imagine can deliver to buy-side clients in the context of their investment process. âUsers have everything they need to take full advantage of Barraâs highly regarded data sets and models, and will be able to use Barra data for a wide range of strategies that encompass stocks and ETFs. Imagine provides additional value to clients by enabling them to measure exposures of derivatives in terms of Barra factors, and calculating the VaR of portfolios in terms of Barra factors.â
âOur integration project,â Dr. Smith concludes, âprovides users a synthesis of Barraâs deep fundamental data analysis and renowned factor modeling, plus Imagineâs own analytics and real-time infrastructureâwhich includes powerful and flexible reporting capabilities.â
The two firms are conducting workshops at MSCI Barra offices in New York and London on September 10 and 16, respectively, to introduce current and prospective clients to the integration projectâs benefits.
Roveen Bhansali, Managing Director and Head of Analytics Products at MSCI Barra, said âThis exciting development means that, for the first time, clients will be able to access Barra Factor Exposures on a real-time portfolio monitoring and risk management platform, allowing them to observe and manage the risk in their portfolio throughout the trading day. They will also be able to integrate the Barra Equity Models with Imagine's portfolio analysis frameworks including Intra-day VaR, Monte Carlo VaR, and stress testing.â
âWeâre very excited about introducing Barraâs market-leading, multi-factor analytics to our integrated and easy-to-use application environment,â says Yvonne Dahl, Director of Sales and Marketing at Imagine. âWe expect our client base will appreciate and profit from the unique risk management capabilities this combination represents.â