Date: February 5, 2001
Location: New York
AxiomSL is proud to announce that it has been awarded a Patent by the U.S. Patent Office for its revolutionary technology for Determining Value at Risk of a Financial Portfolio.
This patented technology elaborated by AxiomSL’s Financial Engineering team headed by Leon Gugel, enables the simultaneous calculations of both Value at Risk and the degree of its accuracy. With this technology, Axiom clients will also have the capability to estimate loss levels beyond VaR along with the probability of their occurrence.
Based on AxiomSL’s new exciting and innovative techniques, portfolio managers gain an additional level of analytical insight into making asset allocation and portfolio optimization decisions by seeing profit potential, risk of losses and economic capital requirements.
AxiomSL has incorporated this new and powerful feature into RiskMonitor® – AxiomSL’s enterprise risk management system. According to Alex Tsigutkin, CEO of AxiomSL, “With AxiomSL’s policy of keeping its previously released software products on the cutting edge of technology, current RiskMonitor® clients can get this new functionality as a free upgrade to their existing RiskMonitor system. Of course, new customers will be able to take advantage of this breakthrough technology within the newest version of RiskMonitor.”