Investors care about short-term outcomes because significant short-term losses might disrupt ongoing spending plans or derail long-term goals. They also care about outcomes that unfold over long horizons because adverse cumulative outcomes affect future wellbeing. Windham addresses these dual concerns by recognizing risks that occur at different frequencies and by assessing investor preferences rigorously.
Windham’s Multi-Horizon Portfolios empower investors to match
complex preferences with complex realities.
Windham’s investment process yields portfolios designed to guard against shocks such as pandemics, political crises, financial crises, and infrastructure disasters, as well as slowly emerging risks such as climate change, demographic shifts, technological displacement, and populism.
Select assets that collectively offer the potential for growth, protection, and opportunity.
Create a return sample that integrates history, shocks, and trends, observed at different frequencies.
Quantify investor preferences to account for asymmetric risk tolerance and sensitivity to wealth thresholds.
Apply Full-Scale Optimization to construct portfolios that best satisfy a realistic description of investor preferences given a mixed-frequency return sample.
Capture economic growth.
Emerging Markets Equities
Guard against adverse shocks.
High-Grade Corporate Bonds
Benefit from long-term trends.