RT Journal Article
SR Electronic
T1 Practical Applications of Stability-Adjusted Portfolios
JF Practical Applications
FD Institutional Investor Journals
SP 1
OP 4
DO 10.3905/pa.2016.4.2.174
VO 4
IS 2
A1 Mark Kritzman
A1 David Turkington
A1 Barbara J. Mack
YR 2016
UL https://pm-research.com/content/4/2/1.9.abstract
AB Stability-Adjusted Portfolios Mark Kritzman David Turkington By failing to sufficiently taking estimation errors into account, investors commonly misperceive risk, dooming otherwise thoughtful portfolio strategies to sub-par performance.In Stability-Adjusted Portfolios, authors Mark Kritzman, CEO of Windham Capital Management , and David Turkington, Senior Vice President and Head of Portfolio and Risk Research at State Street Global Exchange , introduce a new method for assessing risk that has the potential to significantly affect portfolio construction and risk profiles.Kritzman and Turkington identify three main estimation errors, and demonstrate a series of straightforward steps that to incorporate them into a more stable framework.“These portfolios have more stable risk profiles and offer investors another way to handle the continual flux of the markets,” says Mark Kritzman.