A risk-based, multi-asset class solution. It offers a big picture perspective by answering the question, "what are the current risk conditions and how might that impact the portfolio?" By recognising that markets and asset classes are neither consistent nor stable through time, Windham proactively adjusts portfolio allocations based on the prevailing market risk environment rather than reacting after risk has done its damage.
Through active investment selection of primarily exchange traded funds (ETFs), this portfolio accesses global financial markets in a highly liquid and efficient manner.
Windham’s investment philosophy is based on the belief that active risk management and disciplined portfolio construction, supported by a profound understanding of asset class behaviour throughout various market environments, will yield higher returns over the long-term. Windham uses a value-oriented approach and continually reallocates to income-producing assets that offer higher yields with lower volatility.
Windham seeks to understand the level and duration of risks that drive long-term returns. They take a forward-looking view of risk, optimising the assets held for the present conditions by dynamically adjusting to changes in market conditions.
Windham uses two proprietary risk measures on a daily basis to identify these changes:
Generally, between 95-105% of the Portfolio's assets will be hedged into Australian dollars.
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Windham Capital Management, LLC
Windham’s investment team has over 75 years of combined experience and is lead by Mark Kritzman, Chief Investment Officer, who is a founding partner of State Street Associates and a senior lecturer at the MIT Sloan School of Management.
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