TORONTO & LONDON & NEW YORK--()--Algorithmics, the leading provider of risk solutions, and Markov Processes International LLC (MPI), the leader in quantitative manager analysis, today announced a partnership that will allow them to offer a comprehensive manager and portfolio risk monitoring solution for financial institutions that are primarily buyers of funds (mutual funds, separate accounts, hedge funds).
“MPI’s 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”
The partnership brings together Algorithmics’ innovative and award-winning risk solutions and MPI’s market leading ‘ex-post’ returns-based quant analysis to meet the market need for sophisticated ex-post and ex-ante research, simulation and reporting. Algorithmics and MPI will work towards integrating their products to provide an advanced solution that provides fund buyers with insight into the risk characteristics of both managers and portfolios.
“MPI’s 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,” said 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, said: “MPI’s unparalleled expertise in returns-based manager and portfolio analysis is a perfect complement to our own focus on product level risk assessment. We believe that MPI’s core market - of organizations that invest primarily in managed products, including institutional investors, family offices, fund of funds and wealth managers - will 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.”
For more information on MPI’s Stylus Pro software platform, please visit http://markovprocesses.com/products/mpistylusprosuite.htm.
For more information about Algorithmics’ award-winning enterprise risk solutions, visit: http://www.algorithmics.com/EN/solutions/
Notes to Editors:
MPI is a global provider of investment research and technology solutions. MPI’s analytical tools and methodologies are employed by the finest institutions and financial services organizations to power their investment research, reporting, data integration and content distribution. MPI offers the most advanced platform available to analyze hedge funds, mutual funds, portfolios and other investment products, as well as asset allocation and portfolio optimization tools. www.markovprocesses.com
Algorithmics is the world's leading provider of risk solutions. Financial organizations from around the world use Algorithmics' software, analytics and advisory services to help them make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements. Supported by a global team of risk experts based in all major financial centers, Algorithmics offers proven, award-winning solutions for market, credit and operational risk, as well as collateral and capital management. Algorithmics is a member of the Fitch Group. www.algorithmics.com
Fitch Group is the parent company of Fitch Ratings, a global ratings agency committed to providing the world's markets with independent, timely and prospective credit opinions. With 49 offices worldwide, Fitch Ratings’ global expertise spans across capital markets in over 150 countries. Fitch Ratings is headquartered in New York and London.
The Fitch Group also includes Fitch Solutions, a distribution channel for Fitch Ratings products and a provider of data, analytics and related services; and Algorithmics, the world's leading provider of enterprise risk solutions.
The Fitch Group is a majority-owned subsidiary of Fimalac, S.A., headquartered in Paris, France.
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