Markov Processes International
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Markov Processes International, Inc. (MPI) is a provider of investment technology, research and analytics. Its products are used by organizations across the financial services industry, [1] esspecially institutional investors - asset managers, hedge funds, fund of funds - but also including private banks, investment advisors, private wealth professionals, and family offices. MPI's flagship software product is Stylus.
| Type | Private |
|---|---|
| Founded | 1990 |
| Founders | Michael Markov, Mik Kvitchko |
| Based in | Greater New York City Area, United States |
| Industry | Financial services Financial software |
| Website | www |
The company was founded in 1990 by Michael Markov and Mik Kvitchko. They had developed the first returns-based style analysis (RBSA) software application based on Nobel Laureate William F. Sharpe's methodology. [citation needed]
- MPI's quantitative platform is Stylus Pro. It provides asset allocation and portfolio optimization tools, as well as portfolio risk management, reporting and analytics.[2]
- MPI then developed Enterprise Prospector, a visual management and search application, used to create custom statistics, performance measures, peer groups and investment product rating systems.
- Four years later, MPI introduced its Dynamic Style Analysis (DSA) model, an advanced methodology for returns-based analysis of hedge funds. DSA featured a proprietary cross validation technique, "Predicted R-Squared".[3]
- In 2008, MPI released its Calibrated Frontiers methodology, "an innovative and robust approach" to portfolio resampling.
- In 2010, MPI released Stylus Web for enterprise reporting.[citation needed]
References
- ^ "Hedge fund", Economic Times, 2023-07-25, retrieved 2023-08-01
- ^ "MPI Releases Stylus Pro Version 10.0". www.businesswire.com. 2011-12-20. Retrieved 2023-08-01.
- ^ Markov, Michael. "Seeing Through Walls - Bringing Greater Transparency to Hedge and Mutual Fund Analysis", 2005 Retrieved October 15, 2008.