Dr Andrew Aziz, Executive Vice President, Risk Solutions, Algorithmics, said: âWe are proud that Buy-Side Technology has awarded Algo Risk Service the Best Buy-Side Risk/Portfolio Analytics Product for 2008. Algorithmics has invested significantly over the last few years to develop a solution focused specifically on the risk and decision support requirements of buy side portfolio and risk managers. We view this honor as important recognition of our ongoing commitment to innovation and product development, working with our clients to meet the evolving needs of the buy side.â
Victor Anderson, editor of Buy-Side Technology, commented: âAlgo Risk Service deserved to win this yearâs Best Buy-Side Risk/Portfolio Analytics category due mainly to its substantial traction among buy side institutions over the past 12 months. In addition, it has recently shown its applicability to the pension fund industry with the signing of Hermes. Key highlights for a number of panelists were its breadth of asset coverage, the flexibility of the managed service solution, and its client testimonials.â
Algo Risk Service is a risk management and portfolio construction platform, hosted by Algorithmics, that provides a dedicated production environment configured uniquely for each clientâs specific business requirements and investment strategies. Algorithmics has doubled the number of buy side clients using this solution in the last 12 months and clients include hedge funds, asset managers, pension funds, broker/dealers and insurance companies.
Dr Michael Zerbs, President and COO of Algorithmics, added: âWe are honored to win the Best Buy-Side Risk/Portfolio Analytics Product and I would like to thank all of our clients who have supported us in winning this award. Our work with the buy side represents a significant and important part of our business. This award is recognition that our strategic commitment to developing Algo Risk Service as a leading solution is making a difference to buy side investment managers."