Aapryl’s methodology is designed to isolate and explain manager skill by going beyond traditional alpha and style benchmarks.

Using advanced peer grouping and style analysis, Aapryl focuses on returns driven by active decisions, not just exposure to factors or market environments.

Key Aapryl metrics include:

• Aapryl Score: A proprietary measure rating the likelihood a manager will outperform its peer group over time.
• Expected Alpha (from Skill): An estimate of excess return attributable to manager skill rather than market conditions.
• Security Selection and Factor Timing: Decomposition of excess return into stock selection and style/factor timing decisions.

Benefits For Zephyr Users

Embedding Aapryl within Zephyr allows allocators, consultants, and manager research teams to:

• Integrate skill-based analytics into existing workflows for manager search, monitoring, and reporting.
• Quickly identify which managers exhibit persistent skill versus those whose results are largely explained by style or market environment.

Getting Started

Zephyr clients can access the Aapryl analytics and reports directly from their Zephyr Dashboard, where Aapryl’s manager rankings and skill analytics are available within familiar reporting and analysis views.

To learn more about enabling the Aapryl App on your Zephyr instance or to request a demo, please contact Aapryl or your Zephyr representative.