- Markov Processes International
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Markov Processes International, LLC Type Private Founded 1990 Founders Michael Markov, Mik Kvitchko Headquarters Summit, NJ, United States Industry Financial Services, Software Provider Website www.markovprocesses.com Markov Processes International, LLC (MPI) provides software applications and consulting services which are employed by institutions and financial services organizations to enhance their investment research, reporting, data integration and content distribution. MPI’s quantitative platform analyzes hedge funds, mutual funds, portfolios and other investment products, in addition to containing asset allocation and portfolio optimization tools.
MPI’s Stylus Pro software is utilized by alternative research groups, hedge fund of funds, family offices, institutional investors, institutional consultants, private banks, asset managers, diversified financial services organizations as well as marketing, product development and IT departments. MPI’s software applications are also used by private wealth advisors and high-net worth professionals.
History
MPI was founded by Michael Markov and Mik Kvitchko in 1990 to provide consulting services for institutional investors. Mr. Markov had conducted research in the portfolio optimization area as well as in style and performance analysis, which led to the development of unique commercial software (Stylus suite of products).
In 1992, Michael Markov and Mik Kvitchko developed the first Returns-Based Style Analysis (RBSA) software application based on Nobel Laureate William Sharpe's methodology [1]. RBSA can be used to identify combinations of passive investments to closely replicate the performance of funds.
Three years later, MPI introduced the industry’s first macro-investment decision support system, MPI Tribute. MPI then released Stylus Pro Version 1.0 as the first application to employ daily data. It also was the first application to incorporate a locally-weighted regression, factor selection model and Predicted R-Squared, a proprietary cross validation technique.
In 1998, MPI developed the first visual manager search application, Enterprise Prospector, which can be used to create custom statistics, performance measures, peer groups and investment product rating systems. Four years later, MPI introduced the first 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. In 2008, MPI released its patent-pending Calibrated Frontiers methodology, an innovative and robust approach to portfolio resampling. Two years later, MPI released the new Stylus Web with “plan level” reporting functionality.
External links
References
1. Sommer, Jeff. "[2]", New York Times, 2010-06-18. Retrieved September 1, 2010.
2. Janowski, Davis. "[3]", InvestmentNews, 2010-05-03. Retrieved September 1, 2010.
3. Miller, Jonathan. "[4]", Citywire, 2010-03-05. Retrieved September 1, 2010.
4. Sullivan, Tom. "Hedge or Mutual Fund?", Dow Jones, 2010-01-04. Retrieved February 8, 2010.
5. Checkler, Joseph. "Galleon Fund's Big July 2006 Gain Coincided With ATI Buyout", Dow Jones, 2009-11-17. Retrieved February 8, 2010.
6. Markov, Michael. "Using Daily Returns To Identify Bond Fund Risks", InvestmentNews, 2009-09-23. Retrieved February 8, 2010.
7. Markov, Michael. "Quantitative Due Diligence of Fixed Income Portfolios: A case study of the Oppenheimer Core Bond Fund", 2009-06. Retrieved February 8, 2010.
8. Markov, Michael. "The Similarities Between Pearl Harbor and Bernie Madoff", Pensions & Investments, 2009-04-06. Retrieved June 9, 2009.
9. Li, Daniel; Markov, Michael; Wermers, Russ. "Monitoring Daily Hedge Fund Performance When Only Monthly Data is Available", 2009-04-01. Retrieved June 9, 2009.
10. Walker, David. "Madoff Claims ‘Too Good to be True’", Financial News, 2009-01-12. Retrieved June 9, 2009.
11. Markov, Michael. "Madoff: A Tale of Two Funds", 2008-12. Retrieved January 7, 2008.
12. "Con of the century", The Economist, 2008-12-18. Retrieved January 7, 2008.
13. Konigsberg, Eric. "In Fraud Case, Middlemen in Spotlight", The New York Times, 2008-12-16. Retrieved January 7, 2008.
14. Bischoff, Kirsten. "Opalesque Exclusive", Opalesque, 2008-10-21. Retrieved January 7, 2008.
15. Wright, Christopher. "Cleaning Closets", CFA Magazine, 2008-09. Retrieved October 3, 2008.
16. Markov, Michael. "The Law of Large Numbers: An Analysis of the Renaissance Fund", 2008-07. Retrieved October 15, 2008.
17. Grene, Sophia. "Lifting the Lid on Hedge Fund Risks", Financial Times, 2007-09-24. Retrieved September 24, 2007.
18. Bühlmann, Véronique. "Big DSA is Watching You!", Banque & Finance, 2007-07. Retrieved September 15, 2008.
19. Kurdas, Chidem. "When Long Means Loss", HedgeWorld, 2006-07-18. Retrieved September 15, 2008.
20. Kurdas, Chidem. "Outlook 2006: A Challenging Comparison", HedgeWorld, 2006-01-25. Retrieved September 15, 2008.
21. Markov, Michael. "It's in the Numbers - How Proper Analysis of Returns can be a Crystal Ball", 2006 Retrieved October 15, 2008.
22. Markov, Michael. "Bill Miller vs. Manu Daftary - 2005 Duel Results", 2006 Retrieved October 15, 2008.
23. Cantrell, Amanda. "Hedge Funds Headed for a Fall?", CNNMoney.com, 2005-11-15. Retrieved September 15, 2008.
24. Hansard, Sara. "Bayou Collapse Sends a Warning Signal", Investment News, 2005-09-19. Retrieved September 15, 2008 from ABI/INFORM Global database. (Document ID: 1340854541).
25. "Finance And Economics: In the Garden of Good and Evil; Hedge Funds", The Economist, 2005-09. Retrieved September 9, 2008.
26. Markov, Michael. "Why Would One Invest in an Outlier? - A Bayou Analysis", 2005 Retrieved October 15, 2008.
27. Markov, Michael. "Seeing Through Walls - Bringing Greater Transparency to Hedge and Mutual Fund Analysis", 2005 Retrieved October 15, 2008.
Categories:- Software companies of the United States
- Companies based in New Jersey
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