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PortfolioScience Launching Optimizer Tool for Hedge Fund Clients By Susan L. Barreto, Senior Reporter NEW YORK (HedgeWorld.com)-In the coming weeks, officials at PortfolioScience will be unveiling a global equities optimizer that will be part of the firm's existing RiskAPI platform. The RiskAPI Efficient Frontier Optimizer has been in beta testing mode and will be released fully to clients on March 15, said Ittai Korin, president of PortfolioScience. According to Mr. Korin, it is the first time that a global equities optimizer will be offered to smaller hedge funds at a more reasonable cost than some of the existing optimizers that can cost anywhere from US$50,000 and up per year. The new software will include coverage of equities in 17 markets in Europe in addition to equity markets in the United States and Canada. PortfolioScience also has expanded its equity coverage to include Asian markets, such as Taiwan, Singapore, Australia, New Zealand, Japan, the Philippines, Thailand, Hong Kong and China. Users of the optimizer will be able to generate efficient frontier portfolio horizons, a tool that may be useful to long/short equity managers and other firms that may not look at an optimizer as a way to manage their portfolio but as a way to compare their portfolio to other types of investment scenarios. Virtually all of the firm's current business comes from hedge fund managers, who purchase RiskAPI risk management and analysis software. PortfolioScience updated the software last August to include Canadian equities Previous HedgeWorld Story. |
