Lipper is providing its mutual fund data to Barra as part of a deal that integrates institutional risk evaluation tools to the advisor-sold distribution channel.

The two firms said they are pairing up on the Lipper-Barra Mutual Fund Risk Factor. The product is a software tool that provides risk-modeling of registered funds created by Barra.

The San Francisco-based firm is prominent for its capabilities in the tony pension and foundation market that uses institutional separate accounts, but it has yet to crack the more retail registered fund market.

Robin Thurston, global director of research, media and marketing for Lipper, explained that the new product is intended to bring the modeling that is currently done on hedge funds and other institutional investments to registered funds.  

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