Canada-based financial solutions provider Algorithmics has announced that Banca Esperia, an Italian private bank, has selected Algo Risk Service, a web-based portfolio construction and risk management service, for optimizing its risk-reward trade-off.
Roberto Russo, Banca Esperia’s chief investment officer, said: We have seen rapid growth in our assets under management over the last five years. Our clients typically require strongly diversified investments to reduce the average risk of their portfolios, including a wide range of alternative investments. As we continue to grow, we want to ensure we always have the best possible systems in place to monitor our risk-reward trade offs, scenario test our investment strategies, etc.
Andrew Aziz, executive vice president of Risk Solutions, added: Algo Risk Service was designed with the needs of risk managers, portfolio managers, traders and quantitative analysts in mind. It can assist clients in monitoring, managing and optimizing risk across all asset classes and investment strategies, using state-of-the-art risk measurement and investment support tools.