Measuring Downside Risk in 2018

On Wednesday, March 7th, we hosted Chief Investment Officer Lucas Turton for a presentation on risk management and measurement. Using recent historical returns to estimate risk and correlations may significantly underestimate realized portfolio losses. In this webinar, Lucas demonstrated risk management techniques that consider maximum drawdowns using sub-samples of historical returns that are better at characterizing periods in which losses occur. He showed us how, using this approach, you can provide your clients with more realistic measures of risk than conventional methods that failed in the global financial crisis.



LUCAS TURTON, CFA is a Managing Partner and the Chief Investment Officer at Windham Capital Management, LLC. Lucas joined Windham in 2004 and is responsible for the development and management of Windham’s investment portfolios.He is a member of both Windham’s Management Committee and Investment Committee. Previously at Windham, he was a principal within the asset allocation and risk management technology and advisory group. He has been a guest lecturer at the MIT Sloan School of Management.

Lucas received a Bachelor of Science degree from Cornell University, a Master of Science Degree from Northeastern University, and a Master of Business Administration degree from the Massachusetts Institute of Technology. Lucas is a member of the CFA Institute and the Boston Security Analysts Society.