Blog Contributors

Ryan Nauman
VP, Product and Market Strategist
Stephen Berei
VP, Client Services & Implementation
Jeremy Poulin
Senior Client Consultant

Macros in StyleADVISOR: Making Formatting Easier

Mar 20, 2014 Jeremy Poulin
One feature that is often overlooked in StyleADVISOR is the macros feature. Macros allow a user to record a string of text and/or color formatting changes and apply those changes to other places within their workbook with just a single click. This feature can be accessed in two ways. The first way is through the “Tools” menu, located at the top of your StyleADVISOR program. The other way is through a toolbar that can be applied to your StyleADVISOR program via the View menu. The below instructions will walk you through building and applying macros using the toolbar method, but the same steps can be applied through the “Tools” menu.

U.S.-focused managers lead the way in 2013

Feb 26, 2014 Marc Odo
No one can deny the U.S. Equity markets had a fantastic 2013. The broad-based Russell 3000 was up 10.1% during the fourth quarter and 33.6% in 2013, its best year since 1995. However, optimists and pessimists disagree as to what drove the U.S. markets to all-time highs. Bulls point to an improving U.S. economy, an unemployment rate down to around 7%, a housing market on solid footing, strong corporate profits, and low inflation. Bears fretted about the sustainability of the rally and wondered just how much of the market’s performance was driven by five years of near-zero interest rates and three rounds of quantitative easing.

Experience the Zephyr Analytics Center

Feb 7, 2014 Jeremy Poulin
In this article we would like to introduce you to the Zephyr Analytic Center (ZAC). The ZAC is just one piece of our Zephyr OnDEMAND (ZOD) product. For anyone who is not familiar with our ZOD platform, ZOD is a complete online platform that allows an end user to access Zephyr reports on the fly anywhere, anytime as long as they have internet access. It is iPad and tablet friendly. The ZAC is a module within our Zephyr OnDEMAND product and allows end users to run interactive analytics with any type of product.

Crisis Template

Jan 14, 2014 Marc Odo
At Zephyr we recently completed a template that focuses upon short-term “crisis” events. This can be thought of as a variation of our popular “market cycles” templates. The template will show any manager or benchmark during a number of pre-defined market crisis events, typically as short as a few months. While metrics like the Pain Index or the market cycles templates give you a more complete view of downturns, the Crisis template hones in on those times when markets were really at their worst.

Learn how to wrap text and change column headers in StyleADVISOR

Dec 19, 2013 Stephen Berei
There are several common StyleADVISOR formatting questions we receive that are simple to achieve. Two of the most popular questions involve how to wrap text and how to change the column headers in a table.

PSN Top Guns

Dec 6, 2013 Marc Odo
Since 2000 Informa Investment Solutions has produced the PSN Top Guns list. Every quarter PSN ranks thousands of separately managed account (SMA) products across dozens of universes. Looking at short- and long-term return and risk characteristics, PSN identifies the top SMA products from a variety of different perspectives.

Tax Loss Harvesting

Nov 19, 2013 Marc Odo
One of the toughest questions an investor faces is, “When should I cut my losses and sell out of a position?” Numerous behavioral finance studies explore the idea that investors are loath to realize a loss and will wait years in order to get back to the break-even point. Obviously such a mindset ignores the opportunity cost of a forgone investment in a more attractive alternative. Another opportunity cost that should be considered is the value of the losses of the underwater positions to offset capital gains of the winners, assuming they are held in a taxable account.

2013 Client Conference Wrap-Up

Oct 23, 2013 Marc Odo
Thanks to everyone who made it out to the Annual Informa/Zephyr conference! For those of you who weren’t able to make it, here were the highlights…

Are you ready for StyleADVISOR 8.4! It’s now available!

Sep 25, 2013 Jeremy Poulin
We are pleased to announce the release of StyleADVISOR 8.4. This new version offers many new features and enhancements. Below are descriptions of those new features and enhancements introduced with StyleADVISOR 8.4.

Introducing Value at Risk (VaR) and Conditional Value at Risk (CVaR)

Sep 11, 2013 Marc Odo
With the release of StyleADVISOR 8.4, Zephyr Associates is incorporating Value at Risk (VaR) and Conditional Value at Risk (CVaR) into our array of risk measures. In the context of the Zephyr StatMAP, both VaR and CVaR are measures of tail risk.

Have you ever had trouble finding the appropriate benchmark for a product?

Aug 29, 2013 Stephen Berei
Are you ever unsure what benchmark to use for a specific product? Several times we get the question as to which benchmark would be appropriate or the "correct" benchmark to run versus a manager.

UCITS: Key Investor Information Document (KIID) and the SRRI Calculation

Aug 26, 2013 Stephen Berei
In reaction to the current financial crisis throughout Europe, there is a strong drive to provide clearer information about investment products to investors. The "KIID" 2-page factsheet document replaces the Simplified Prospectus, in which the UCITS IV legislation has required all investment companies to provide to investors prior to any investments made.

Delegate your reporting to the Zephyr Reporting Service Bureau

Aug 14, 2013 Stephen Berei
Do you create fact sheets, tear sheets or any type of reports that are run on an annual, quarterly or monthly basis? Client feedback suggests that many don’t necessarily have the time or the desire to create these fact sheets, tear sheets or reports themselves. Delegate the work to us! We are excited to introduce the Zephyr Reporting Service Bureau!

Optimizing Managers on Active Risk

Jul 23, 2013 Marc Odo
AllocationADVISOR users are frequently puzzled by the results of their analysis if they select managers rather than market indices at the inputs to a mean variance optimization (MVO). The goal of optimizing active managers is the same as it is for optimizing asset classes, that is, to maximize return and minimize risks. However, the results tend to lead to recommendations that no one in their right mind would follow.

A Helpful Tip For Consolidating Legends In StyleADVISOR

Jul 8, 2013 Jeremy Poulin
StyleADVISOR has a wide array of formatting features that can be applied to graphs and tables used from the StyleADVISOR gallery. With all the formatting available in StyleADVISOR the user has number of options available to them when designing the layout of their StyleADVISOR report.

Creating a Custom Style Box

Jun 17, 2013 Marc Odo
Did you know you can create your own customized style maps in StyleADVISOR? It’s quite easy to do so, as long as you follow William Sharpe’s original rules for returns-based style analysis

Building A Completion Fund

Jun 4, 2013 Marc Odo
From time-to-time we get the question, “How do I build a completion fund?” or more broadly, “What is a completion fund?” Building a completion fund is quite easy in StyleADVISOR, but let us first define the task.

Dynamic Universes

May 21, 2013 Jeremy Poulin
One of the great features inside of StyleADVISOR is the ability to create custom dynamic universes. Users of StyleADVISOR have always been able to create custom universes and use them within their analysis, but those universes were static and had to be refreshed every month to reflect the most current and appropriate managers.

Introducing StatFACTs and the StatMAP

Apr 11, 2013 Marc Odo
Zephyr is pleased to announce the release of our StatFACT series and the accompanying StatMAP framework. The StatFACT sheets are designed to help everyone better understand the performance metrics frequently used in the investment industry.

Private Equity and Mean-Variance Optimizaiton

Mar 27, 2013 Marc Odo
Occasionally we will get questions at Zephyr Associates about the viability of including private equity and/or venture capital (PE/VC) into a mean-variance optimization (MVO). Ultimately it will be up to you whether or not you think it makes sense, but I am of the opinion that a simple, “naïve” allocation is a better approach than trying to optimize PE/VC into the efficient frontier.

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