Optimal Asset Management Blog How to use Optimal's risk controls to set S&P500 drawdown constraints

Investors dislike volatility, but what they really despise are drawdowns. Drawdowns are a measure of pain - it's money they feel they had at one point, but is now gone. As an advisor once remarked to me, "My clients may not understand standard deviation or tracking error, but they certainly understand when they're losing money!" [...]