T. Rowe Price Selects Axioma for
Portfolio Rebalancing Software
Integration with FactSet a key decision factor in choosing PortfolioPrecision
NEW YORK, March 14th, 2005 – Axioma today announced that T.Rowe Price Group, Inc.
(NASDAQ: TROW), a leading global investment management firm, has selected Axioma’s
PortfolioPrecision® software to help construct and rebalance portfolios in a variety of investment
vehicles. In selecting PortfolioPrecision software, T.Rowe Price® joins the growing list of
leading institutional asset managers deploying Axioma’s state-of-the-art software for portfolio
construction and rebalancing.
"Axioma’s software offers a rich feature-set for portfolio management,” said Rich Whitney,
Director of Quantitative Management at T. Rowe Price. “We were pleasantly surprised with the
ease with which we were able to integrate PortfolioPrecision into our portfolio management
infrastructure. We used our internal investment systems team to integrate PortfolioPrecision
with FactSet, and we were up and running within two weeks.” Sebastián Ceria, CEO of Axioma,
added “Many of our clients are astonished by the ease in which PortfolioPrecision can be
deployed within their current investment management process. Our open architecture was
designed for rapid integration with a variety of data sources, helping our clients avoid the
implementation hurdles prevalent with other packaged software.”
T. Rowe Price becomes the fifth major investment management firm to license PortfolioPrecision
in the last seven weeks.
About T. Rowe Price:
Founded in 1937, Baltimore-based T. Rowe Price is a global investment management
organization with $235 billion in assets under management as of December 31, 2004. The
organization provides a broad array of mutual funds, sub-advisory services, and separate account
management for individual and institutional investors, retirement plans, and financial
intermediaries.
About Axioma:
Axioma, Inc., headquartered in New York City, is a private company that develops, markets, and
implements optimization modeling and decision support software for the financial services
industry. The company was founded in 1998, and since then has helped leading financial firms
reduce risk, increase returns and improve operational efficiency. PortfolioPrecision® software is
an industry-leading portfolio construction and rebalancing application.
”T. Rowe Price” is a registered trademark of T. Rowe Price Group, Inc.
“Vision” is a trademark of FactSet, Inc.
“PortfolioPrecision” is a registered trademark of Axioma, Inc.
For more information about Axioma and decision-support solutions for the financial services
industry, please call (800) 558-7983 or visit the company's Web site at www.axiomainc.com.
