Company

Who we are

Most good software is born out of necessity, usually when an individual fails to find what they are looking for. Our flagship project, SmartFolio, was no exception, and was launched in 2004, fuelled by our passion for our work. Our inspiration was the clear gap between contemporary advances in portfolio theory and the approaches that were still being used by most existing software packages.

In 2006 we realized that SmartFolio had serious commercial prospects, and so founded Modern Investment Technologies Ltd. to make SmartFolio software available to all. Our company is unique in that we are totally based in Moscow, thereby making us the only Russian providers of professional asset allocation software at this time.

Our team

We are a group of peers with a wide skill set. The backbone of our team consists of two market professionals, both of whom have a solid mathematical background and more than ten years of investment experience. We also have two highly skilled software developers to put the ideas into action, and a director who combines his expertise in quantitative finance with extensive market experience.

Our company enjoys a strong relationship with the Department of Probability Theory at the Moscow State University, as well as a variety of investment houses based within the Russian capital. Three of us hold Ph.D. degrees; in Mathematical Finance, Economics and Computer Science respectively.

Kirill Bogdanov, software developer, Ph.D. in Computer Science. Area of responsibility: programming and general software architecture design.

Boris Gnedenko, managing director, Ph.D. in Mathematical Finance. Created the basic concept of SmartFolio and its algorithms. Area of responsibility: project management and VB programming.

George Kolodyajniy, consultant, Ph.D. in Economics. Area of responsibility: general consultancy.

Dmitry Trifilov, software developer. Area of responsibility: software architecture design and all VC++ programming.

Andrey Vinogradov, deputy director. Area of responsibility: financial management and general consultancy.

Our philosophy

Our company has been privileged to have developed in the so called information age, in a world where technology advances with tremendous speed. But we quickly realised that this also had disadvantages. As many newly emerging theories are published immediately, no company, even with the brightest of minds, has even the slightest chance of competing in research.

We therefore decided that instead of implementing our own in-house approaches, we would concentrate our efforts on carefully selecting and integrating the most recent and promising theoretical achievements that became available through open source. This allows us to not only retain our competitive edge, but also to protect our clients from the risks associated with using proprietary “black-box” algorithms that are almost always obscure and often unpredictable.