Algorithmics announced that Holland Park Risk Management (HPRM), an independent risk management advisor to pension fund managers in the US and Canada, has signed a three-year contract for Algo Risk Service, Algorithmics outsourced risk management and portfolio construction service.
HPRM offers consulting services to improve its clients risk practices, as well as ongoing risk monitoring and reporting services. HPRM will use Algo Risk Service as its third-party provider of risk analytics for its clients portfolios and will overlay its advisory services on top of the risk analytics and results generated by Algorithmics.
Algorithmics Algo Risk Service will be used to power Holland Parks middle office, an outsourced research and risk management solution that helps chief investment officers increase risk-adjusted returns and gives trustees the transparency and control that they require, says Valter Viola, president, Holland Park risk management.
Algo Risk Service was again recognized as the Best buy-side risk/portfolio analytics product also won the Best overall buy-side product for 2009 in the recent Buy-Side Technology awards.
D.C.