About Savannah Smith

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So far Savannah Smith has created 62 blog entries.

The 2019 Guide to Asset Allocation

INTRODUCTION In the 65 years since Harry Markowitz formalized the theory of asset allocation, academics and practicing investment professionals have sought to master the process, to solve the puzzle that is investment risk, and to find a “fool-proof” way to protect themselves from loss. As one of the most important challenges in the portfolio [...]

By |2019-02-13T13:10:31+00:00February 13th, 2019|Windham Insights Series|

Future Value

Suppose we want to estimate the future value of an investment based on its return history. This problem, at first glance, might seem pedestrian. Yet it involves subtleties that confound many financial analysts. Some analysts argue that the best guide for estimating future value is the arithmetic average of past returns. Others claim that [...]

By |2019-02-11T13:25:56+00:00February 11th, 2019|Windham Insights Series|

Optimal Rebalancing: New Approaches, New Applications

OPTIMAL REBALANCING WITH THE MARKOWITZ VAN DIJK HEURISTIC Institutional investors usually employ mean–variance analysis to determine optimal portfolio weights. Almost immediately upon implementation, however, the portfolio’s weights become sub-optimal as changes in asset prices cause the portfolio to drift away from the optimal targets. In an idealized world (without transaction costs) investors would rebalance continually [...]

By |2019-01-30T16:15:54+00:00January 30th, 2019|Kritzman's Corner|

Portfolio Construction and Evaluation

Portfolio Construction & Evaluation Windham Webinar Series Wednesday, February 13th at 2PM EST Webinar Highlights:  • Explore portfolio construction and evaluation methods and best practices • Estimate risk and return using various forecasting models including market turbulence and the capital asset pricing model • Build efficient portfolios using mean-variance optimization while [...]

By |2019-02-13T15:14:21+00:00January 30th, 2019|Windham Webinar Series|

The Pros and Cons of Outsourced CIOs

In the years following the global financial crisis, investment managers of all kinds have been under increased scrutiny when it comes to accountability, reliability, and trust. The need for more sophisticated investment strategies consequently requires more sophisticated investors, and many firms now face a difficult question: Is our in-house investment [...]

By |2018-11-19T16:45:05+00:00November 19th, 2018|Windham Insights Series|

Factor Analysis: Understanding Portfolio Risk

On Wednesday, November 14th we were joined by Cel Kulasekaran, Research Director at Windham Capital Management. Cel discussed factor analysis and how factor models can provide for a more complete understanding of portfolio risk. WEBINAR HIGHLIGHTS: What is factor analysis? Common factors used in practice Single vs. multi factor models Factor models in practice Practical implementation issues [...]

By |2018-11-14T15:35:17+00:00November 14th, 2018|Windham Webinar Series|

Windham Portfolio Advisor Overview – Thursday, February 14th

Join us for a bonus webinar where we will explore some of the portfolio construction concepts discussed in today's session using the Windham Portfolio Advisor. The Windham Portfolio Advisor is a complete portfolio optimization and risk management platform that integrates acclaimed independent research in a unified suite of applications for institutions and wealth advisors. [...]

By |2019-02-13T15:16:12+00:00November 14th, 2018|Upcoming Webinars, Windham Webinar Series|

After the Allocation: Portfolio Rebalancing 101

After the Allocation: Portfolio Rebalancing 101 According to a Wells Fargo/Gallup survey, over 30% of investors would rather sit in an hour of traffic than rebalance their portfolios. Which, one can deduce, indicates that roughly one third of investors spend at least sixty unpleasant minutes when the time comes to rebalance! In this [...]

By |2018-11-09T13:20:17+00:00November 9th, 2018|Windham Insights Series|

Case Study: Asset Management Group of Top 10 National Bank

We spoke with Samantha*, the Chief Investment Strategist in the Asset Management division of a large national bank* to discuss how the Windham Portfolio Advisor helps her and her team achieve their goals. Samantha and her team are responsible for developing all of the formal strategic and tactical asset allocation recommendations across the asset [...]

By |2018-11-02T11:09:40+00:00October 3rd, 2018|Windham Insights Series|