Markov Processes International

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.