Wurts & Associates signs for MPI quantiative software

Source: Markov Processes International

Markov Processes International (MPI), a provider of superior tools for analyzing investment performance and risk, today announced that Wurts & Associates (Wurts), a Seattle-based investment consultant with over $40 billion in assets under advisement, has elected to use MPI's industry-leading quantitative software.

Wurts' Manager Research group has implemented Stylus Pro, MPI's flagship product, for fund due diligence, monitoring, asset allocation and performance reporting. The group uses Stylus Pro for analysis of mutual funds, separately managed accounts, hedge funds and portfolios across all strategy types and asset classes.

In their ongoing efforts to utilize the best manager research methods and solutions, Wurts sought out quantitative methods and associated analytics to complement their due diligence and monitoring processes. Beyond MPI's array of proprietary predictive analytics and models for precise returns-based analysis, including the functionality to model managers by style and risk factors, Stylus Pro's flexibility, easy integration into workflows, customizable templates and comprehensive reporting capabilities were motivating factors in Wurts' decision.

"Our independent, research-driven investment solutions and advice are at the foundation of our fiduciary role to clients," said Brian Rowe, Director of Manager Research at Wurts. "MPI's powerful analytics ensure that our quantitative processes match our rigorous qualitative screening. With Stylus Pro, we are able to more precisely model managers to detect and separate alpha from beta. As well, we can assess the market and risk factors contributing to a manager's returns. Our conversations with managers, therefore, have become more insightful and transparent, resulting in better and more tailored advice, solutions and reporting for our clients."

Michael Markov, Chairman of MPI, said, "As an institutional consulting group that is known for their distinct approach and rigor, it is an honor to have Stylus Pro implemented at Wurts. We are in a new age where volatile markets continue unabated, one where viewing managers and portfolios with advanced quantitative means is crucial. Investors are increasingly demanding and rewarding those fiduciaries with the tools and expertise to make truly informed investment decisions that will preserve and grow capital." 

Comments: (0)