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 Nobel laureates.
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.
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 21, No. 1, First Quarter 2023
Financing Fusion Energy
Abdullah Alhamdan, Zachery M. Halem, Irene Hernandez, Andrew W. Lo, Manish Singh and Dennis Whyte
The Role of Options in Goals-Based Wealth Management
Sanjiv R. Das and Greg Ross
Leveraging Text Mining to Extract Insights from Earnings Call Transcripts
Andrew Chin and Yuyu Fan
How Inefficient is the 1/N Strategy for a Factor Investor?
Kevin Khang, Antonio Picca, Shaojun Zhang and Minzhi Zhu
Volume 21, No. 2, Second Quarter 2023
Insight: A Practitioner’s Guide to Address Fat Tails and Downside Risk in Portfolio Construction
Eva A. Xu and Eric L. Tarkin
The Math Gender Gap and Women’s Career Outcome
Renée B. Adams, Brad M. Barber and Terrance Odean
Is Index Concentration an Inevitable Consequence of Market-Capitalization Weighting?
Lisa R. Goldberg, Ananth Madhavan, Harrison Selwitz and Alexander Shkolnik
Trading with the Informed and Against the Uninformed: Flows and Positioning in the Global Currency Market
Aldo Barrios, Rob Franolic, Davide Giovanardi and Michael Melvin
Volume 21, No. 3, Third Quarter 2023
Efficient Goal Probabilities: A New Frontier
Sanjiv Das, Daniel Ostrov, Anand Radhakrishnan and Deep Srivastav
The Determinants of Inflation
William Kinlaw, Mark Kritzman, Michael Metcalfe and David Turkington
Asset Allocation with Non-Pecuniary ESG Preferences: Efficiently Blending Value with Values
Douglas M. Grim, Giulio Renzi-Ricci and Anna Madamba
Are 60/40 Portfolio Returns Predictable?
Jamil Baz, Steve Sapra and German Ramirez
Volume 21, No. 4, Fourth Quarter 2023
INSIGHTS – Grow The Pool: Diverse Directors Associated with Stronger Performance, but not if they are Too Busy
Mouhamadou M. Ba, Gerald T. Garvey, Brett Z. Miller and Katharina J. Schwaiger
Reimagining Index Funds
Rob Arnott, Chris Brightman, Xi Liu and Que Nguyen
The Diminishing Role of Active Mutual Funds: Flows and Returns
James X. Xiong, Thomas M. Idzorek and Roger G. Ibbotson