Axioma has been providing portfolio rebalancing services to its clients for over five years. Our customers include many of the world's leading securities firms, hedge funds and asset managers. Here is what some of our clients have to say about Axioma:
In searching for the right optimizer, Axioma brought a compelling value proposition to the table. First, the openness of the system was attractive, enabling our investment process to structure and define our objectives in a very flexible manner. Other closed systems I have worked with in the past did not meet this criteria.
In our first experience with the optimizer, I set up a familiar case with an expected outcome. We received results that we did not expect, however it became clear in the communication we had with Pam (Pamela Vance – Director of Client Support), that the solutions were in fact better, and pleasantly surprising. It was clear that Axioma is approaching the problem with more current thinking.
From a functionality standpoint, in addition to the flexible problem definition, we found that the error reporting and feedback in instances of infeasibility provided us greater insight into troubleshooting the issue. At an enterprise level, the ability to work in a platform that will always allow us to incorporate the best combination of internal and 3rd party provided risk models and data content was critical in the decision process.
Overall, the combination of performance, flexibility and choice were what drove our decision to implement the Axioma optimization technology.
Vivienne Hsu
Charles Schwab Investment Management
After using a number of other optimization products for years, we decided to make the switch to Axioma as our choice for portfolio optimization. Axioma is fast and versatile with an intuitive API that we have easily incorporated into our quantitative investment framework. In addition to providing us with all of the basic building blocks for our portfolio construction process, Axioma's customer support gives us unlimited access to their management, research, and sales staff. The manner of Axioma's responses to our queries has made it clear to us that Axioma is driven by the specific needs of clients. We have also had an extremely productive dialogue with Axioma's research staff concerning important issues in financial optimization, and have gained a great deal of insight from our discussions with them. We look forward to continuing to have a rewarding relationship as a customer of Axioma's optimization software.
Ronen Israel
Vice President
AQR Capital Management, LLC
July 21, 2004
We chose Axioma over more conventional optimizers because Axioma offers the most sophisticated optimization technology that we have seen. Open architecture, a complex constraint library, and speed are the characteristics that set Axioma ahead of the competition. Furthermore, Axioma's support staff has been there for us from the beginning, offering not only basic product support but also providing innovative ideas to help us maximize the optimizer's functionality.
Steven Sapra, CFA
Portfolio Manager
Analytic Investors, Inc.
We have been using Axioma for the past several years as the optimization tool for our quantitative equity and multi-asset class strategies. We were originally drawn to Axioma because they offer a complete optimization suite designed for specific use in financial engineering. Axioma Portfolio is extremely fast, and the compiled libraries allow for ease of use across all of our applications. In addition, the flexibility Axioma provides helps us to solve many different types of problems quickly and efficiently without the need for a lot of additional work. Finally, we have found Axioma's research department to be very responsive to our needs and willing to dedicate support to all our requirements as they have evolved. The combination of speed, flexibility and strong customer support has led us to choose Axioma as a cornerstone for our globalization efforts.
Janet Campagna
Managing Director - Advanced Research & Quantitative Strategies
Deutsche Asset Management
March 31, 2004
