PHILADELPHIA, March 16, 2019 /PRNewswire-PRWeb/ — Aapryl, LLC a provider of predictive manager selection and portfolio construction software, announced the launch of its flagship analytic platform.
The Software as a Service (SaaS) platform systematically creates factor replication portfolios to more accurately benchmark and categorize investment manager products; and it provides a predictive framework to allow investors to distinguish both security selection and factor rotation skill from “luck”, or style effects. Aapryl’s portfolio analysis algorithms provide an intuitive assessment of how an investment product would be expected to perform in different market environments and its more predictive “Aapryl Scores” allows for more efficient portfolio optimization. Aapryl also includes a Crowding Module which can uniquely assess a manager’s or portfolio of managers’ risk from exposure to crowded trades.
The SaaS platform was developed based on years of research by its parent company, FIS Group Inc. The research determined the analytics that were the best predictors of future performance so that the investment managers most likely to be top performers in the future could be more easily identified.
FIS’s CIO, Tina Byles-Williams, commented, that “the release of Aapryl is the culmination of years of hard work and research. Having worked as a CIO of a public pension plan, an investment consultant and now as an asset manager, I know the time and effort that goes into choosing good investment managers. I have also observed the sensitivity of traditional skill measurements, such as alpha and information ratio to end-point and style effects, that have caused investors to make ill-timed selection and termination decisions. Similar to how Money Ball changed baseball, Aapryl can add efficiency to the manager selection process by allowing investors to spend their due diligence time and fee budget on the managers most likely to succeed. It also helps investors distinguish whether the performance of their existing managers is due to skill or style effects; reducing the probability of hiring or firing a manager at the wrong time.”
David Andrade, General Manager of Aapryl, LLC, added, “In developing Aapryl, we wanted to distinguish ourselves from other systems by focusing on providing users with actionable analysis that is easy to interpret. We are very proud to be able to provide such a large amount of analysis in such an easy to use system.”
Aapryl is currently being used by institutional investors as a manager selection and portfolio construction tool and by investment managers as a marketing and risk analysis tool. The tool can be applied to both third-party manager databases as well as user-entered data.
About Aapryl, LLC.
Aapryl was launched as a financial technology company that provides investors with cutting edge tools which integrate our patent pending methodology for a better way to identify investment managers, build portfolios, and manage risk. Additionally, Aapryl has a Manager Diagnostic analytical tool for investment managers wanting to understand how they are being viewed by investors and consultants, comparing their results relative to their peers. Because many systems that investors use provide statistics on a manager’s past, investors are often choosing investment managers without any insight into how they might perform going forward. Aapryl solves this problem by leveraging a unique patent pending methodology that allows investors to identify managers that are most likely to be successful in the future. We built the methodology by applying years of research as practitioners which has led us to develop statistical methodologies that are predictive of future results.
About FIS Group, Inc
FIS Group, Inc. is a leading woman and minority owned investment management firm and a pioneer in investing in small and emerging managers. FIS Group harnesses the investment edge, focus, and high conviction portfolio structure of proven entrepreneurial managers in a tested strategic and macro-driven tactical framework. The result is customized client solutions that are flexible, sustainable, and empirically grounded. Since 1996, FIS Group has been 100% owned by current and former employees and focused steadily on achieving investment success for its clients.