Algorithmics and BlueCrest Capital Management L.P. ("BlueCrest") are pleased to announce that, as of July 1, 2008, Algorithmics' Algo Risk Service is in production for the risk management practice of BlueCrest.

This brings together the world's leading provider of enterprise risk solutions and one of the top ten largest hedge fund firms in Europe. Algo Risk Service is an outsourced portfolio construction and risk management service that will enable BlueCrest to advance its strong risk culture.

Jonathan Martin, Head of Risk at BlueCrest, said: "Our portfolio has experienced substantial growth in assets under management and we were looking for a vendor who could provide a high level of service and support to enable us to rapidly deploy new instruments into our risk management service. Algorithmics has the capability to respond to our changing requirements in a timely way, introducing additional instruments and supporting the service ...   more »