Chicago (HedgeWorld.com)—Portfolio Science, a New York start-up providing online risk analysis products to hedge fund managers, released a wireless version of its free Website, PortfolioScience.com, to help individual investors track their investments.

The wireless service, like the Website, allows investors to create and monitor an entire portfolio or a single stock for risk relative to certain market conditions, the company said.

Investors gain access to the site through wireless application protocol devices such as mobile phones, PDAs and pagers.

The company said the technology it uses was first developed for sell-side institutions, and uses portfolio theory statistical techniques.