Algorithmics and Markov Processes International LLC (MPI) have teamed up on a comprehensive manager and portfolio risk monitoring software for financial institutions that are primarily buyers of funds (mutual funds, separate accounts and hedge funds).
The software was created to meet the market need for sophisticated ex-post and ex-ante research, simulation and reporting. Algorithmics and MPI will work toward integrating their products to provide an advanced software that gives fund buyers insight into the risk characteristics of both managers and portfolios.
MPIs clients have continually asked for more power and functionality to run simulations, stress-test funds and portfolios in different economic scenarios and, in general, better assess forward-looking risk, says Michael Markov, CEO of MPI. After evaluating all options, we felt that partnering with Algorithmics, the world leader in risk analysis, would best provide our clients with the rigor and sophistication they have come to expect from MPI.
Dr. Andrew Aziz, executive vice president of buy-side risk solutions at Algorithmics, adds: MPIs unparalleled expertise in return-based manager and portfolio analysis is a perfect complement to our own focus on product-level risk assessment. We believe that MPIs core marketof organizations that invest primarily in managed products, including institutional investors, family offices, funds of funds and wealth managerswill greatly benefit from the advanced risk modeling that we provide. The combination of our respective solutions will offer investment professionals exceptional value and the best-of-breed in our respective areas of expertise.
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