Axioma Enhances its World Wide and European Robust Risk Models
Models Now Include Expanded History and Coverage
New York - September 15, 2009 - Today Axioma announced the release of extended daily history for its World Wide and European risk models. This enhancement provides clients with full daily history going back to January, 1999 for both the fundamental and statistical models. With the addition of this historical data Axioma improves both the depth and breadth of its daily risk model data, giving clients complete flexibility to evaluate portfolio strategies over longer time horizons at any calendar interval. The net result is more robust risk models that allow clients to construct better risk adjusted portfolios.
“When we announced plans in 2005 to enter the risk-model business, it was unclear to many market participants the extent of Axioma’s commitment to becoming a leader in the risk model space,” recalls Ron Perez, Vice President for Product Management and Strategy. “Over the last three years, we have leveraged our research and thought leadership to establish a strong and growing franchise which now counts among its clients some of the world’s largest money managers.”
Axioma currently offers risk models for the Global Market, Emerging Markets, Europe, the U.S., the U.K., Japan, Taiwan, and, most recently, Canada. And the pipeline remains full, with a new model for Australia to be launched this fall, along with enhanced models for the U.K. and Japan, to be delivered before year-end.
Axioma’s risk models also offer a unique combination of powerful features, including daily updates of all risk model components to provide timely and relevant insight to portfolio construction, both fundamental and statistical factor models to give you different perspectives of risk, and complete transparency so portfolio managers can easily understand their exposures to risk.
“As the market leader in creating tools for portfolio construction and rebalancing, Axioma is uniquely positioned to apply its expertise in quantitative investment processes to develop new risk models better suited to meet the challenges of today’s volatile markets. We have seen practitioners respond enthusiastically to our innovative approach to risk models, often after conducting exhaustive side by side comparisons with incumbent vendors. The rapid market acceptance of our risk models stands as the strongest testament that Axioma is now regarded as a premier risk-model vendor” notes Perez.
Axioma’s World Wide and European risk models now include the following features:
• Extended model history – Daily data back to January 1999.
• Increased asset coverage
• Security level Trading Currency - prices are presented in the actual currency they trade in at any point of time.
• Historic betas to all assets in addition to predicted betas – Previously this attribute was limited to few markets.
The release of extended daily history for Axioma’s World Wide and European models underscores Axioma’s commitment to delivering innovative products based on years of research experience and the latest technological advances in quantitative methods. The extended history is available for immediate delivery to all subscribers of the World Wide and European models.
About Axioma
Axioma, Inc. develops and markets innovative risk analysis, portfolio rebalancing and performance attribution products for the financial services industry. Founded in 1998 and headquartered in New York with additional offices in Atlanta, San Francisco, London, Hong Kong, and Singapore, Axioma helps leading financial firms manage risk, increase returns and improve operational efficiency. For more information about Axioma, please contact Ellen Kiernan at 212.991.4503, or visit the company’s website at www.axiomainc.com.