Harry M. Markowitz Award
The Harry M. Markowitz Award (sponsored jointly by the JOIM and 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. Final selection consists of Nobel Prize 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.
2020 Harry Markowitz Award
Can Machines “Learn” Finance?
Ronen Israel, Bryan Kelly and Tobias Moskowitz
Volume 18, No. 2, 2020
2020 Special Distinction Awards
Measuring Risk Preferences and Asset-Allocation Decisions: A Global Survey Analysis
Andrew W. Lo, Alexander Remorov and Zied Ben Chaouch
Volume 18, No. 3, 2020
Six-Component Integrated Approach to Addressing the Retirement Funding Challenge
Robert C. Merton and Arun Muralidhar
Volume 18, No. 4, 2020
Press Release, 2020 Harry M. Markowitz Award Winners
| Year | Award | Author(s) | Title |
| 2019 | Harry M. Markowitz | John Hull, Andrew W. Lo, Roger Stein | Funding the Long Shot Vol. 17, No. 4, 2019 |
| 2019 | Special Distinction | Ananth Madhavan and Aleksander Sobczyk | Does Trading By ETF and Mutual Fund Investors Hurt Performance? Evidence from Time-and Dollar-Weighted Returns Vol. 17, No. 3, 2019 |
| 2019 | Special Distinction | James X. Xiong and Thomas M. Idzorek | Quantifying the Skewness Loss of Diversification Vol. 17, No. 2, 2019 |
| 2018 | Harry M. Markowitz | Sanjiv R. Das, Daniel Ostrov, Anand Radhakrishnan and Deep Srivastav | A New Approach to Goals-Based Wealth Management Vol. 16, No. 3, 2018 |
| 2018 | Special Distinction | Clemens Sialm, Laura Starks and Hanjiang Zhang | Defined Contribution Pension Plans and Mutual Fund Flows Vol. 16, No. 4, 2018 |
| 2018 | Special Distinction | Andrei Kirilenko, Albert S. Kyle, Mehrdad Samadi and Tugkan Tuzun | Automation, Intermediation and the Flash Crash Vol. 16, No. 3, 2018 |
| 2017 | Harry M. Markowitz | Andrew W. Lo | Moore’s Law Vs. Murphy’s Law in the Financial System: Who’s Winning? Vol. 15, No. 1, 2017 |
| 2017 | Special Distinction | Gerald T. Garvey, Joshua Kazdin, Ryan LaFond, Joanna Nash and Hussein Safa | A Pitfall in Ethical Investing: ESG Disclosures Reflect Vulnerabilities, not Virtues Vol. 15, No. 2, 2017 |
| 2017 | Special Distinction | Moshe Levy | Measuring Portfolio Performance: Sharpe, Alpha, or the Geometric Mean Vol. 15, No. 3, 2017 |
| 2016 | Harry M. Markowitz | Robert S. Harris, Tim Jenkinson and Steven N. Kaplan | How Do Private Equity Investments Perform Compared to Public Equity? Vol. 14, No. 3, 2016 |
| 2016 | Special Distinction | Moshe Levy | It’s Easy to Beat the Market Vol. 14, No. 3, 2016 |
| 2016 | Special Distinction | W.V. Harlow and Keith C. Brown | Market Risk, Mortality Risk, And Sustainable Retirement Asset Allocation: A Downside Risk Perspective Vol. 14, No. 2, 2016 |
| 2015 | Harry M. Markowitz | James X. Xiong and Roger G. Ibbotson | Momentum, Acceleration, and Reversal Vol. 13, No. 1, 2015 |
| 2015 | Special Distinction | Clifford S. Asness, Antti Ilmanen, Ronen Israel and Tobias J. Moskowitz | Investing with Style Vol. 13, No. 1, 2015 |
| 2015 | Special Distinction | Harry M. Markowitz | INSIGHTS – Consumption, Investment and Insurance in the Game of Life Vol. 13, No. 3, 2015 |
| 2014 | Harry M. Markowitz | Zvi Bodie and Marie Briere | Sovereign Wealth and Risk Management: A Framework for Optimal Asset Allocation of Sovereign Wealth Vol. 12, No. 1, 2014 |
| 2014 | Special Distinction | Peter Lee and Andrew W. Lo | Hedge Fund Beta Replication: A Five Year Retrospective Vol. 12, No. 3, 2014 |
| 2014 | Special Distinction | Lisa Goldberg, Ran Leshem and Patrick Geddes | Restoring Value to Minimum Variance Vol. 12, No. 2, 2014 |
| 2013 | Harry M. Markowitz | John C. Hull Alan White | LIBOR Versus OIS: The Derivatives Discounting Dilemma Vol. 12, No. 3, 2013 |
| 2013 | Special Distinction | Mark Seasholes and Ning Zhu | Investing in What You Know The Case of Individual Investors and Local Stock Vol. 11, No. 1, 2013 |
| 2013 | Special Distinction | Lawrence E. Harris, Ethan Namvar and Blake Phillips | Price Inflation and Wealth Transfer During the 2008 SEC Short Sale Ban Vol. 11, No. 2, 2013 |
| 2012 | Harry M. Markowitz | Moshe Levy and Richard Roll | A New Perspective on the Validity of the CAPM: Still Alive and Well Vol. 10, No. 3, 2012 |
| 2012 | Special Distinction | Zvi Bodie, Jerome Detemple and Marcel Rindisbacher | Lifecycle Consumption-Investment Policies and Pension Plans: a Dynamic Analysis Vol. 10, No. 1, 2012 |
| 2012 | Special Distinction | Jeffrey Graham | Comment on the Theoretical and Empirical Evidence of Fundamental Indexing Vol. 10, No. 1, 2012 |
| 2011 | Harry M. Markowitz | John Y. Campbell, Jens Hilscher and Jan Szilagyi | Predicting Financial Distress and the Performance of Distressed Stocks Vol. 9, No. 2, 2011 |
| 2011 | Special Distinction | Harry M. Markowitz, Robert Snigaroff and David Wroblewski | The Supply and Demand of Alpha Vol. 9, No. 1, 2011 |
| 2011 | Special Distinction | Eric Fielding, Andrew W. Lo and Jian Helen Yang | The National Transportation Safety Board: A Model for Systemic Risk Management Vol. 9, No. 1, 2011 |
| 2010 | Harry M. Markowitz | Andrew W. Lo and Mark T. Mueller | Warning: Physics Envy May Be Hazardous to Your Wealth! Vol. 8, No. 2, 2010 |
| 2010 | Special Distinction | David N. Esch | Non-Normality Facts and Fallacies Vol. 8, No. 1, 2010 |
| 2010 | Special Distinction | John Hull and Alan White | An Improved Implied Copula Model and Its Application to the Valuation of Bespoke CDO Tranches Vol. 8, No. 3, 2010 |
Press Releases:
Press Release, 2019 Harry Markowitz Award Winners
Press Release, 2018 Harry M. Markowitz Award Winners
Press Release, 01/27,2016, The Sixth Harry Markowitz Award Winners
Press Release, 02/03/14, The Fourth Harry M. Markowitz Award Winners
Press Release, 01/31/13, The Third Harry M. Markowitz Award Winners
Press Release, 02/21/12, The Second Harry M. Markowitz Award Winners
Press Release, 02/24/11, The First Harry M. Markowitz Award Winners
Press Release, 05/26/10, Harry M. Markowitz Award Established