New Features in AllocationADVISOR 6.0: 

• Black-Litterman Return Forecasts
• New Allocation Case Dialog
• Multiple Allocation Cases in one workbook
• Two frontiers displayed on the Efficient Frontier Graph
• Multiple Custom Portfolios
• Moving Average Flows in Monte Carlo Simulation
• New colors on the Simulation Probabilities Graph

Black-Litterman: Asset allocations you can actually use! 
Have you given up on mean-variance optimization because the resulting asset allocations are unintuitive and anything but diversified? The sophisticated Black-Litterman asset allocation model helps you realize the benefits of mean-variance optimization by creating portfolios that you can use.

» learn more about this model

How does the Black-Litterman Model Calculate Return Forecasts? 
The Black-Litterman model uses two sophisticated mathematical techniques to create forecasts for mean-variance optimization: reverse optimization and Bayesian probability theory. This article is a "user-friendly" explanation of these techniques.

Home Prices in StyleADVISOR 
You can't pick up a newspaper today without reading about the boom in single family home prices. Home owners will soon be able to hedge their real estate exposure when the Chicago Mercantile Exchange begins trading derivatives on home prices. Now you can analyze home prices in StyleADVISOR with our new home price database.

Online training schedule for April
Zephyr holds weekly online training sessions, allowing our clients to learn more about Zephyr software in the comfort of their offices.

April's training sessions will be on the following subjects:

All training sessions are held 12:30-1:30 pm PST.

The training schedule is posted on our website at www.styleadvisor.com/training.

Mark your calendars for Zephyr's 11th Annual Client Conference to be held September 15-16, 2005 at The Resort at Squaw Creek in Squaw Creek, CA.