About Jonathan Kazarian

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So far Jonathan Kazarian has created 65 blog entries.

The Divergence of High- and Low-Frequency Estimation

Financial analysts typically estimate standard deviations and correlations from monthly or higher-frequency returns when determining the optimal composition of a portfolio. Although it is widely acknowledged that these measures are not necessarily stationary across samples, most analysts assume implicitly that, within sample, standard deviations scale with the square root of time and correlations estimated from [...]

By | 2016-12-14T11:39:32+00:00 December 3rd, 2015|Windham Webinar Series|

Introduction to Full-Scale Optimization

Mean-Variance optimization was invented in 1952 by Markowitz and continues to prove very useful for constructing portfolios. Given the limitations in the computing power available at the time, Markowitz proposed several approximations to make the portfolio construction algorithm tractable. In this webinar we explore Full-Scale optimization which relaxes some of those approximations and instead relies [...]

By | 2017-04-20T18:13:38+00:00 September 30th, 2015|Windham Webinar Series|

Stress Testing Portfolios

This webinar explored the reasons for making stress testing an integral part of the asset allocation process and provide an overview of methods and best practices. The webinar covered several different stress testing scenarios, including regime shift, macro-economic variable impact, and event analysis. You can find the recording here: View Recording:  Session 1: 10:00 AM ET [...]

By | 2017-04-20T18:13:39+00:00 August 24th, 2015|Windham Webinar Series|

Realistic Measures of Portfolio Risk: Implications of Asset Class Trend

Typical measures of portfolio risk fail to account for the realities of the financial markets. In this webinar, we explore several measures of portfolio risk that can provide more robust estimates of potential portfolio losses. We review how incorporating an understanding of financial market turbulence and within-horizon exposure to loss leads to more realistic measures [...]

By | 2016-12-14T11:45:36+00:00 July 14th, 2015|Windham Webinar Series|

Portfolio Construction & Evaluation

Explore strategies for developing and managing sound asset allocation policies designed to meet specific investment objectives. In this 45 minute webinar, Windham Client Consultant Jon Kazarian will review methods and best practices for the portfolio construction and evaluation process. The webinar covers risk and return estimation, mean-variance optimizations as well as techniques for analyzing exposure to [...]

By | 2016-12-14T11:50:14+00:00 June 4th, 2015|Windham Webinar Series|

Measuring Potential Investment Outcomes Using Simulation

In today's volatile economic climate it's important to consider potential portfolio outcomes while evaluating the likelihood of meeting specific investment objectives.  In this presentation we will cover several investment challenges including sustainable retirement spending, college tuition funding, and endowment inflows that are assumed to be correlated with the US equity markets.   View Recording Webinar [...]

By | 2016-12-14T11:52:54+00:00 May 24th, 2015|Windham Webinar Series|

Webinar: Realistic Measures of Portfolio Risk: implications of asset class trend – June 5th

Typical measures of portfolio risk fail to account for the realities of the financial markets. In this webinar, we explore several measures of portfolio risk that can provide more robust estimates of potential portfolio losses. We review how incorporating an understanding of financial market turbulence and within-horizon exposure to loss leads to more realistic measures [...]

By | 2016-06-21T09:47:08+00:00 May 6th, 2014|Windham Webinar Series|

Webinar: Windham Software Overview – Join an upcoming session on May 13th

Join us for an introductory webinar to get acquainted with Windham and our asset allocation, risk management and simulation software platform. In this webinar, a product specialist will demonstrate how to construct and evaluate portfolios using the Windham Portfolio Advisor. The webinar will cover return and risk estimation, optimization, portfolio evaluation, wealth and income analysis, [...]

By | 2016-06-21T09:47:15+00:00 May 6th, 2014|Windham Webinar Series|

Webinar: Factor Analysis, Understanding Portfolio Risk – May 6th

Financial analysts are concerned with factors, or common sources of risk that contribute to changes in asset prices. Analysts may be able to control a portfolio’s risk more efficiently and perhaps even improve its returns by identifying such factors. Factor analysis is a powerful tool for quantifying the risk profile of a portfolio, constructing a [...]

By | 2016-06-21T09:48:13+00:00 April 16th, 2014|Windham Webinar Series|

Webinar: Windham Software Overview – Join an upcoming session on April 23rd

Join us for an introductory webinar to get acquainted with Windham and our asset allocation, risk management and simulation software platform. In this webinar, a product specialist will demonstrate how to construct and evaluate portfolios using the Windham Portfolio Advisor. The webinar will cover return and risk estimation, optimization, portfolio evaluation, wealth and income analysis, [...]

By | 2016-06-21T09:48:19+00:00 April 16th, 2014|Windham Webinar Series|