Interactive Data Corporation, a leading provider of financial market data, analytics, and related solutions, today announced that its Fixed Income Analytics business has released BondEdge® Asset Manager.
This new package of capabilities is designed to assist portfolio managers and analysts at asset management firms manage relative risk and reward versus leading fixed income indices and liability benchmarks. The package can also help address the needs of investment professionals at organizations which mange their own fixed income funds internally, such as pension funds, endowments, and foundations.
For many years, asset management professionals have leveraged the robust analytical asset, portfolio and benchmark modeling tools and comprehensive security database coverage of Interactive Data’s market-leading BondEdge service for fixed income portfolio versus benchmark risk analysis, performance attribution, and compliance testing based upon client input guidelines.
"Heightened volatility of total returns dispersion between bond sectors and quality cohorts have underscored the need for enhanced granular portfolio versus benchmark risk analysis and performance attribution tools," said Keith Webster, managing director, Interactive Data Fixed Income Analytics. "In addition, certain regulatory and accounting changes have heightened focus on the closer matching of portfolio and corresponding corporate pension liability risk characteristics. The analytical enhancements delivered with this latest release of BondEdge are a reflection of feedback provided by asset manager clients." "We appreciate the opportunity to work closely with Interactive Data to provide our perspective for the ongoing development of fixed income portfolio analytical tools for asset managers," said Jay E. Schwister, Senior Portfolio Manager at Baird Advisors. "BondEdge provides analysis that helps our portfolio managers and analysts manage and report on the relative risk between portfolios and their relevant index or liability benchmarks." BondEdge Asset Manager is available via the BondEdge Next Generation platform, which is built on the Microsoft® .NET Framework and provides a highly intuitive, flexible user interface. This newly released package of BondEdge capabilities includes enhancements to Factor-based Performance Attribution for taxable and tax-exempt portfolios and benchmarks and Liability Driven Investing analysis. Portfolio versus benchmark stress testing tools, "what-if" analytics for pre-trade simulations, and automated, flexible presentation style reports and graphics are also included.
BondEdge Next Generation includes an extensive structured finance deal library, cash-flow engine, and term structure and prepayment models, enabling clients to generate dynamic risk measures and asset cash flows for agency and non-agency residential mortgage-backed securities, including sub-prime issues, as well as asset-backed and commercial mortgage backed securities. Additional information about BondEdge is available on the Fixed Income Analytics section of Interactive Data’s new website at www.interactivedata.com About Interactive Data Corporation Interactive Data Corporation (NYSE: IDC) is a leading global provider of financial market data, analytics and related solutions to financial institutions, active traders and individual investors. The Company’s businesses supply real-time market data, time-sensitive pricing, evaluations and reference data for millions of securities traded around the world, including hard-to-value instruments. Many of the world’s best-known financial service and software companies subscribe to the Company’s services in support of their trading, analysis, portfolio management and valuation activities. Interactive Data, headquartered in Bedford, Mass., has approximately 2,400 employees in offices located throughout North America, Europe, Asia and Australia. Pearson plc (NYSE: PSO; LSE: PSON), an international media company, whose businesses include the Financial Times Group, Pearson Education, and the Penguin Group, is Interactive Data Corporation’s majority stockholder.
Interactive Data’s Fixed Income Analytics business is a leading provider of fixed income portfolio analytics to the investment community with decades of expertise. Its client base includes more than 400 leading banks, investment managers, brokerage firms, insurance companies and pension funds throughout North America and Europe. This business is known for its flagship product, BondEdge®, which allows customers to identify opportunities and analyze portfolio risk using robust modeling techniques. Interactive Data also provides direct access to sophisticated risk measures for a wide universe of fixed income securities via its analytical datafeed service.