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2025 Archives

Volume 23, No. 1, First Quarter 2025

Practitioner’s Digest

ARTICLES
Forecasting and Managing Volatility: An S&P 500 Case Study
Wei Dai, Xing Hong, Robert C. Merton and Mathieu Pellerin

Can Under-Diversification Explain the Size Effect?
Moshe Levy

The CAPM, APT, and PAPM
Thomas M. Idzorek, Paul D. Kaplan and Roger G. Ibbotson

Fixed Income Index Funds: Demystifying Portfolio Construction and Rebalancing
Stephen Laipply, Ananth Madhavan, James Mauro and Nogie Udevbulu

CASE STUDY
The ESG Conundrum
Ye Cai and Seoyoung Kim

BOOK REVIEW
Book Review – The Psychology of Leadership
by Sébastien Page (Reviewed by Will Kinlaw)

Volume 23, No. 2, Second Quarter 2025

Special Issue: Honoring Harry M. Markowitz

This special issue consists of selected presentations from an outstanding line-up of presenters who came together to pay tribute to an icon of investment management, Harry Markowitz at the Rady School of Management, UCSD.

Remarks by Nobel Laureates: Robert Merton, William Sharpe and Investment Management Practitioners
Robert Merton, William F. Sharpe, Vineer Bhansali, Kenneth Blay and Mark Kritzman

Have Capital Markets Forgotten about Sustainability?
Robert Engle

Markowitz Wealth Management to Pension Plans: Augmenting the Funded Ratio with New Metrics
Sanjiv Das

The Unreasonable Effectiveness of Portfolio Theory in Theory and Practice
Andrew W. Lo

Collaborating with Harry Markowitz: A Remembrance
Bruce Jacobs

Why Fusion and Why Now?
Dennis Whyte

Why Genetic Medicines and Why Now?
Neil Kumar

BOOK REVIEW
Book Review – On Progress and Prosperity: Essays 2019–2024
By Laurence B. Siegel (Reviewed by Mullika Sahrawat)

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