Algo Risk, risk management and portfolio construction service introduced by Algorithmics was recognised the Best Buy-Side Risk/Portfolio Analytics Product in the 2008 Buy-Side Technology Awards.
The platform hosted by Algorithmics provides a dedicated production environment configured uniquely for each clients specific business requirements and investment strategies.
The service is dedicated to hedge funds, asset managers, pension funds, broker/dealers and insurance companies. In the last 12 months the number of clients using this application has doubled.
We are proud that Buy-Side Technology has awarded Algo Risk Service the Best Buy-Side Risk/Portfolio Analytics Product for 2008, says Dr Andrew Aziz, executive vice president, Risk Solutions, Algorithmics. Algorithmics has invested significantly over the last few years to develop a solution focused specifically on the risk and decision support requirements of buy side portfolio and risk managers.
Our work with the buy side represents a significant and important part of our business, says Dr Michael Zerbs, president and COO, Algorithmics.
This award is recognition that our strategic commitment to developing Algo Risk Service as a leading solution is making a difference to buy side investment managers.”
Key highlights for a number of panelists were Algo Risks breadth of asset coverage, the flexibility of the managed service solution, and its client testimonials, says Victor Anderson, editor, Buy-Side Technology.
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