January, 2010
For introducing ideas from behavioral economics and cognitive sciences into the field of risk management, Investor Analytics received one of the industry’s highest forms of recognition in January 2010: The coveted Software Product of the Year Award from Risk Magazine.
The magazine cited IA’s unique union of traditional quantitative models with behavioral economics, complexity science, Darwinian evolution and adaptive behavior, using models developed by Dr. Andrew Lo, Harris & Harris Group professor of finance at the MIT Sloan School of Management. The integration of these two distinctive approaches has “raised the bar in the theory and practice of financial risk management,” Dr. Lo told Risk.
“If you simply apply the determinism of physics equations, you are missing a very important part of what makes markets what they are,” IA’s CEO Damian Handzy said in the Risk story. “People are not billiard balls. They don’t all interact in the same way with one another.”
In addition to its innovations in quantifying risk, Investor Analytics impressed Risk with its clear user interface, ease of use and data management capabilities. The magazine points to IA clients and partners including the Bank of New York Mellon and Mount Lucas Management, both of whom chose IA’s platform based on its usability as well as its analytical power.
For the complete text of the Risk award story, click here [1].
Links:
[1] http://www.investoranalytics.com/sites/default/files/file/IA_Software_of_Year.pdf