Founded 1992 Based in United States of America | Type of business Private | |
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Founders Michael Markov, Mik Kvitchko Industry Financial Services, Software Provider Website www.markovprocesses.com Profiles | ||
Markov Processes International, Inc. (MPI) Is a global provider of investment research, analytics and technology. Since 1990, its innovative solutions are being utilized by leading organizations throughout the financial services industry, including: alternative research groups, hedge funds, hedge fund of funds, family offices, institutional investors, consultants, private banks, asset managers, investment advisors and private wealth professionals. MPI's quantitative platform, Stylus Pro, analyzes hedge funds, mutual funds, portfolios and other investment products, in addition to providing asset allocation and portfolio optimization technology tools.
History
Michael Markov and Mik Kvitchko developed the first Returns-Based Style Analysis (RBSA) software application based on Nobel Laureate William F. Sharpe's methodology. RBSA can be used to identify combinations of passive investments to closely replicate the performance of funds.
MPI's flagship software product, Stylus, is the most advanced research and reporting platform available. Its unmatched flexibility and power make it the choice of investment professionals from all areas of the financial community and MPI's most popular product. Stylus enables users to create their own custom applications to use by their organization and, potentially, even approved clients or third parties. Using Stylus, users can address and solve pressing research and reporting needs.
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.