Robeco takes Algo Asset Management, Mark-to-Future live

Toronto, Canada / Rotterdam, The Netherlands - October 6, 2003 -

Algorithmics Incorporated, a world leader in enterprise risk management solutions, today announced that the Robeco Group has gone live with Algo Asset Management Version 4.2.

Algo Asset Management is used by both Robeco's front office portfolio managers and risk managers. "Since the early nineties, we have been committed to making risk management an essential component of our investment process," says Pim Poppe, Head of Group Risk Management at Robeco. "The systems we developed for equity, fixed income, balanced portfolios and credit spread, worked well from a methodology point of view but did not allow us to scale the number of portfolios. Algo Asset Management enables us to use our own methodologies in Algorithmics' stable and scalable environment. The solution allows us to understand and manage our risk from many valuable perspectives. Its flexible approach enables us to map risk directly to our investment decisions."

Algo Asset Management is an important part of Robeco's enterprise-wide risk measurement and risk control process. Robeco uses Algorithmics' Mark-to-Future methodology and latest 'what if' analytics for pre-decision analysis of orders, allowing portfolio managers to evaluate the impact of each new transaction on the risk of the portfolio prior to execution.

"We can compute tracking error, marginal tracking error and tracking error contributions for all positions and determine whether they break limits. This is very important to Robeco," continues Poppe.

"Robeco is very quantitatively oriented and understands both the business benefit of utilizing an advanced risk solution and the benefits such an approach can deliver to its clients," says Michael Zerbs, Chief Operating Officer at Algorithmics. "This represents an important milestone for our Algo Asset Management solution, for it covers both the portfolio management and the risk control requirements with true, advanced risk analytics."

About Robeco
Robeco provides discretionary asset management products and services, as well as a complete range of mutual funds to a large number of institutional and retail clients worldwide. Robeco distributes its funds for the retail market directly, and through other financial institutions. Several of its mutual funds, including the flagship Robeco N.V., are listed on major European stock exchanges such as Amsterdam, Paris, Frankfurt and London. As well as from its head office in Rotterdam, Robeco services its clients from its European offices in Belgium, France, Luxembourg, Switzerland, Germany and Spain. In the United States, Robeco has offices in New York, Chicago and San Francisco (Weiss, Peck & Greer), Boston (Boston Partners), White Plains (Sage Capital Management) and Toledo (Harbor Capital Advisors).

About Algorithmics
Algorithmics Incorporated is the leading provider of enterprise risk management solutions that enable financial institutions to effectively understand and manage their financial risk. Algorithmics' clients include more than 150 of the world's leading financial institutions. Its Algo Suite of enterprise risk management solutions are in use in 31 countries by over 50 of the 100 largest financial institutions in the world.

©2003 Algorithmics Incorporated. All rights reserved. ALGORITHMICS, ALGO SUITE, MARK-TO-FUTURE, MtF and the Ai logo are trademarks of Algorithmics Incorporated and/or its affiliates.

Press Contact

Heather Smith
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email: Heather.Smith@algorithmics.com