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).
The partnership brings together Algorithmics' innovative and award-winning risk solutions and MPI's market leading 'ex-post' return-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 return-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."