Magazine article American Banker

Firm Ranks Managers by Portfolio Characteristics of Funds

Magazine article American Banker

Firm Ranks Managers by Portfolio Characteristics of Funds

Article excerpt

NEW YORK -- Computer Directions Advisors, a performance measurement and analysis firm, has developed a service that ranks investment managers by the portfolio characteristics of their stock funds.

The service, called Equity Advisors Equity Characteristics, provides rankings of more than 230 independent investment advisory firms that file their quarterly holdings with the Securities and Exchange commission. For years, CDA, based in Silver Spring, Md., has ranked these investment firms quarterly by their investment performance. The firm is also known for its quarterly institutional stock holdings survey and its performance rankings of mutual funds.

In the new service, the investment firms are ranked according to 14 portfolio characteristics: alphabetic; the 40 managers with the highest and lowest average price/earnings ratio; the 40 managers with the highest and lowest average dividend yield; the 40 managers with the highest and lowest average beta coefficient; the 40 managers with the highest and lowest average market capitalization; all managers by price/earnings ratio; all managers by dividend yield; all managers by beta coefficient; all managers by market capitalization; and all managers by economic sector.

The report, which will be available nine weeks after the end of each quarter, will cost $500, a year. Robert Levy, president of CDA, said he realized after talking to corporate pension plan sponsors, pension consultants, and investment managers that people were becoming more interested in money managers' investment styles. …

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