David Andrade, Chief Technology Officer of Xponance and General Manager of Aapryl, spoke about how technology can make the investment manager selection process more efficient with Wei-Shen Wong of WatersTechnology.
While selecting an investment manager can be a lengthy process involving manually analyzing performance data, Xponance’s financial technology subsidiary company, Aapryl, has turned what was once two to three months of number-crunching into a two to three minute task. Given the success we saw using Aapryl to analyze managers for our own multi-manager platform, we decided to launch Aapryl as a standalone platform in 2017 and make it more widely available to the investment industry. Today, Aapryl continues to help us evaluate equity and fixed income managers, as well as serving as a better tool for our clients.
WatersTechnology is the financial services industry’s premier provider of technology and data-related information covering data management, regulation and technology. Subscribers include some of the largest banks, asset managers, and exchanges.