Holland Park Risk Management, a risk management adviser to pension fund managers in the US and Canada, has signed a three-year contract for Algo Risk Service, Algorithmics’ outsourced risk management and portfolio construction service.
HPRM offers consulting services to improve its clients’ risk practices, as well as ongoing risk monitoring and reporting services.
HPRM will use Algo Risk Service as its third-party provider of risk analytics for its clients’ portfolios and will overlay its advisory services on top of the risk analytics and results generated by Algorithmics.
Valter Viola, president of Holland Park Risk Management, says: “Algorithmics’ Algo Risk Service will be used to power Holland Park’s ‘middle office’, an outsourced research and risk management solution that helps chief investment officers increase risk-adjusted returns and gives trustees the transparency and control that they require.
“Risk management is the common thread that helps a fund overcome key barriers to excellence, allowing them to go from good to great. We’re driven by our clients’ need for higher risk-adjusted returns. Using Algo Risk Service we can deliver the best tools and expertise available to the funds that have fewer resources.”
Andrew Aziz (pictured), executive vice president of risk solutions, Algorithmics, adds: “We very much look forward to working with Holland Park and to providing its pension fund clients in the US and Canada with an award winning risk management capability. Holland Park’s selection of the Algo Risk Service is further acknowledgement of Algorithmics’ leadership position in pension/asset owner risk management.”