HPRM offers consulting services to improve its clientsâ 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 clientsâ portfolios and will overlay its advisory services on top of the risk analytics and results generated by Algorithmics.
Valter Viola, President, Holland Park Risk Management, said: âAlgorithmicsâ Algo Risk Service will be used to power Holland Parkâs âmiddle officeâ, 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.
âRisk management is the common thread that helps a fund overcome key barriers to excellence, allowing them to go from good to great. Weâre driven by our clientsâ need for higher risk-adjusted returns. Using Algo Risk Service we can deliver the best tools and expertise available to the funds that have fewer resources,â he continued.
Dr. Andrew Aziz, Executive Vice President of Risk Solutions, Algorithmics commented: âWe very much look forward to working with Holland Park and to providing its pension fund clients in the US and Canada with an award winning risk management capability. Holland Parkâs selection of the Algo Risk Service is further acknowledgement of Algorithmicsâ leadership position in pension/asset owner risk management.â
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.