Thank you to all of our clients that attended the annual Zephyr Client Conference at the Resort at Squaw Creek on September 12-14, perhaps our most successful yet. To keep all you learned fresh in your minds and for our clients that were unable to attend we have included most of the presentations and pictures on our Conference Materials page. Enjoy and see you next year!

New Website Features: We have added a Template Library with many Custom Manager Report Templates available for download that you can use with StyleADVISOR. We have also added a Dynamic Text reference section for those of you interested in using this powerful new tool for StyleADVISOR. In addition, we have two new tutorials to help you learn dynamic text, which can be found here.

The 13th Annual Zephyr Client Conference held at the beautiful Resort at Squaw Creek here at Lake Tahoe on September 14-15 was another great success. Thanks to everyone that attended. Many of the presentations can be downloaded on our Conference Materials page.

StyleADVISOR 7.1/AllocationADVISOR 6.2a upgrade is now available for download on our Software Upgrades page.

Training Tutorials are videos with commentary that are designed to give users an overview of the concepts and functionality of StyleADVISOR and AllocationADVISOR. These Windows Media Player compatible files are available here.

Thanks to all of our clients that made our 12th Annual Zephyr Client Conference a success. To view the presentations and photos from the conference click here.

The Advisor newsletter is now available for download on our Newsletters page. This latest edition inlcudes articles on the new features in AllocationADVISOR 6.0, including Black-Litterman return forecasts. Also, an article featuring our latest database, OFHEO Home Prices.

Zephyr's Tom Idzorek, CFA, and Fred Bertsch, Ph.D., article “The Style Drift Score” is in the fall issue of The Journal of Portfolio Management. A less formal overview of this powerful new statistic for measuring the style drift of a fund or manager is available beginning on page 2 of Zephyr's newsletter, The Advisor.

Annual Client Conference: Once again our Client Conference on September 16-17 at The Resort at Squaw Creek was a great success. Thanks to all of our clients that were able to attend this year. Many of the presentations are now available on our Conference Materials page in PDF format.

Zephyr Concepts is a collection of articles that clarify and expand upon some of the most important issues at the heart of good investment management. So far, Zephyr Concepts includes Asset Allocation, Attribution Analysis, Benchmarks, Mutual Fund Analysis, Peer Group Analysis, and of course, Style Analysis.

Returns-based style analysis is better than holding-based style analysis at predicting future fund returns and at estimating a fund's actual investment style. These are the primary conclusions of "Evaluating style analysis," an academic article by Jenke R. ter Horst, Theo E. Nijman, and Frans A. de Roon and published in the January 2004, Volume 11, Issue 1 of the Journal of Empirical Finance.

The March 2004 edition of The Advisor is now available on our Newsletters page. This edition goes over many of the new features of StyleADVISOR 6.6 and previews our new product CompositeADVISOR.

CISDM Hedge Fund/CTA Database: We are pleased to announce that Zephyr Associates, Inc. has entered into an agreement with Alternative Investments Research and Technologies LLC, a subsidiary of Crédit Agricole Structured Asset Management Advisers LLC, whereby Zephyr clients may access the CISDM Hedge Fund/CTA Database through Zephyr's StyleADVISOR® at no cost during the trial period ending April 25, 2008.

If you are interested in taking advantage of this offer, please complete the Subscription Qualification form via the link here.

Established in 1979, the CISDM Hedge Fund/CTA Database, is the oldest hedge fund and CTA database, and currently tracks quantitative and qualitative information for over 4,000 hedge funds, fund of funds and CTA's.

Barclay's Hedge Fund and CTA Databases: We have added the Barclay's Group HedgeSource hedge fund database with over 2800 funds and the Commodity Traders database with over 500 funds to StyleADVISOR. Please call 800-789-5323 to inquire about subscriptions to these databases.

New Morningstar Extended Fields Database: We have added a second version of the Morningstar Mutual Funds database that includes many more qualitative fields for use in StyleADVISOR. For a list of these fields view the Excel spreadsheet, Mstar_Extended_Fields.xls. To inquire about subscriptions to this database please call 800-789-5323.