Zephyr Associates Inc.

ZEPHYR COVE, Nevada, December 13, 2011 - - Alexander McBride Joins Firm's London Office as a Client Consultant Zephyr Associates, Inc., a global leader in the development of analytical software tools for the financial management industry, is pleased to announce that Alexander McBride has joined the firm as a Client Consultant in its London office.

ZEPHYR COVE, Nevada, November 16, 2011 - - New Research Paper Weighs Arguments For and Against Adding Alternative Assets to Leading Model in Order to Better Forecast Returns Zephyr Associates Inc., a leading provider of portfolio analysis and reporting solutions for financial management professionals around the world, today issued a new research paper titled The Black-Litterman Model and Alternative Investments.