Software product of the year - Risk Transparency Service, Investor Analytics

Risk analytics service provider Investor Analytics has an unusual sales pitch. “Our models don’t always work,” is the first thing its representatives say when visiting prospective clients. They then add: “Nor do anyone else’s.”

Two years ago, such candour about the limits of risk models received a mixed reception. The situation is very different today. Hedge funds, asset managers, pension funds and other investors now welcome the opportunity to have a realistic discussion about how risks should