@article {Kritzman1, author = {Mark Kritzman}, editor = {Goyal, Gauri}, title = {Practical Applications of Risk Disparity}, volume = {1}, number = {4}, pages = {1--3}, year = {2014}, doi = {10.3905/pa.2014.1.4.045}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Risk Disparity Mark Kritzman Most institutional investors today maintain a formal investment policy portfolio, which allocates among asset classes according to their risk and return objectives.But while the policy portfolio provides a yardstick on overall active management, it does not always meet the risk preferences that are implicit in the institution{\textquoteright}s policy portfolio. In Risk Disparity , which appeared in the Fall 2013 issue of The Journal of Portfolio Management , Mark Kritzman , President and CEO of Windham Capital Management , explores alternative approaches.In this Practical Applications report,Kritzman suggests a more flexible investment policy. One that does not adhere to fixed asset weights but instead opportunistically changes exposure to assets.The article is a winner of the 15th Annual Bernstein Fabozzi/Jacobs Levy Awards (Outstanding Article).}, issn = {2329-0196}, URL = {https://pa.pm-research.com/content/1/4/1.9}, eprint = {https://pa.pm-research.com/content/1/4/1.9.full.pdf}, journal = {Practical Applications} }