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The Fundamental Law
of Active Management


Welcome to the New
BARRA Newsletter



Avoiding Biases in
TAA Model-Building


Global Asset Allocation

BARRA Releases New
Equity Trading Model



InvestWorks™ Pro


The BARRA Brainteaser
for Winter 1997


Fall 1996
Brainteaser Solution



Against the Gods: The
Remarkable Story of Risk

Welcome to the
New BARRA Newsletter—
Horizon 97!

The Editors

Twenty years ago Barr Rosenberg Associates launched a newsletter to communicate with the subscribers to the original U.S. equity model.

The BARRA Newsletter has since gone through several re-designs, each time adding new content and focus. Horizon, our latest revision, will continue to detail BARRA's research, use of our products, and general information about everything from our current business to new developments. We hope you'll enjoy this new edition, and we welcome your feedback and comments.

1979: BARRA launches first bond model, for the U.S. market


1984: Andrew Rudd becomes president of BARRA


1989: Global Bond Model (GLOBO) and World Markets Model are released


1993: Alphabuilder, BARRA's first Windows-based product, is released.





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