Algorithmics’ Algo Risk Service wins Product of the Year and Best Risk/Portfolio Analytics Product at Buy-Side Technology Awards 2009

Algorithmics’ risk management and portfolio construction service, Algo Risk Service, has won the overall award for Best Buy-Side Technology Product at the 2009 Buy-Side Technology Awards. In addition, Algorithmics has also won the category award for Best Buy-Side Risk/Portfolio Analytics Product for the second year running.

Victor Anderson, Editor of Buy-Side Technology, commented: “I can’t say that I was terribly surprised that Algorithmics scored a full house of votes in this year’s Best Buy-Side Risk/Portfolio Analytics category, repeating last year’s success. Algo Risk Service, with its blend of best-in-class risk and portfolio analytics and its hosted delivery which makes it so appealing to the buy-side market, is perfectly placed to extend its domination in this space for the foreseeable future.”

Dr Andrew Aziz, Executive Vice President, Risk Solutions, Algorithmics, said: “We are proud that Buy-Side Technology has recognized Algo Risk Service with two awards this year. During 2009 we continued to invest significantly in Algo Risk Service, working with our clients to meet the evolving needs of the buy side by adding new functionality for counterparty credit exposures, liquidity risk, earnings and cashflow analytics, as well as support for scheme management across pension assets and liabilities.”

The awards are judged by a panel of buy-side-focused technology consultants, analysts and journalist who were unanimous in their votes for Algorithmics and commented: “We would recommend Algorithmics’ suite of capabilities for firms interested in having an integrated market, credit and operational risk solution.”

Dr Michael Zerbs, President and COO of Algorithmics, added: “We are honored by this recognition from Buy-Side Technology and I would like to thank all of our clients who have supported us in winning these awards. Our work with the buy side represents a significant and important part of our business and we look forward to further developing our buy-side solutions for an industry that is undergoing a radical review of its approach to risk management.”

Algo Risk Service is a risk management and portfolio construction platform, hosted by Algorithmics, that provides a dedicated production environment configured uniquely for each client’s specific business requirements and investment strategies. Clients include hedge funds, asset managers, pension funds, broker/dealers and insurance companies.