BoNY Offers TUCS Online

May 24, 2005 ( - The Bank of New York (BoNY) is now offering Wilshire Associates' Trust Universe Comparison Service (TUCS) to its clients through INFORM, BoNY's institutional and corporate Web platform.

A BoNY news release said that TUCS, a cooperative effort between Wilshire Analytics, the investment technology unit of Wilshire Associates, and custodial organizations, reflects the performance of US institutional assets.   Universe comparisons represent peer group analysis of a portfolio or a plan, which can be customized by size, style, plan type and other factors, according to the announcement.

“Through testing and research with clients, we know that online access to TUCS meets the growing need for immediate, self-directed access to this data and analysis,” said Debra Baker, BoNY Managing Director and head of Global Risk Services. According to Baker, the bank tested the online TUCS service with ten clients during the past three months and expects to complete its rollout to all eligible clients by the end of the year.  

Also, the bank said the next phase of the initiative will include the development of international universes with an initial focus on the UK pension market and other proprietary universes.

As part of the strategic alliance with Wilshire, the bank said it and Wilshire Analytics are integrating their selection of risk services, including performance measurement, analytics, fixed income and equity attribution, universe comparisons, compliance, risk budgeting, and advanced risk measures.

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