Markowitz Award Vote

The Harry M. Markowitz Award (sponsored jointly by the Journal Of Investment Management & New Frontier Advisors, LLC) recognizes the seminal and transcendent impact of Dr. Markowitz’s work as a financial economist and mathematician on both theoretical finance and the practice of asset management. The award has been established to honor his legacy and to support future research and innovation in practical asset management. Candidates for the annual award are chosen from among papers published in JOIM in a calendar year.

Papers are judged by the JOIM’s Associate Editors, Editorial Advisors and Advisory Board.

An honorarium of $10,000 will be bestowed to the winning paper. Two additional finalist papers will receive a Special Distinction Award along with a $5,000 honorarium.

Guidelines:
Select the top three papers published in the JOIM for consideration of award nominees. Papers should be judged on three primary criteria’s: practical significance, technical excellence and theoretical quality.  Authors may not vote for themselves.

Volume 22, First – Fourth Quarter,  2024

Surveys&Crossovers – Unrealistic Expectations: The Futility of Precisely Estimating a Stock’s Expected Return
Sanjiv R. Das and Daniel Ostrov

Extreme Weather and Retirement Savings
Ted Daverman, Joshua Kazdin, Michael Pensky and Fiona Sloof

Night Moves: Is the Overnight Drift the Grandmother of all Market Anomalies?
Victor Haghani, Vladimir Ragulin and Richard Dewey

Stock Market Insurance Prices, BL Skew, Conditional Marginal Utilities and the Equity Risk Premium
Douglas T. Breeden

Arbitrage Pricing Theory 50 Years After Black Merton Scholes
Robert A. Jarrow