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.
2019 Harry Markowitz Award
Funding the Long Shot
John Hull, Andrew W. Lo, Roger Stein
2019 Special Distinction Awards
Does Trading By ETF and Mutual Fund Investors Hurt Performance? Evidence from Time-and Dollar-Weighted Returns
Ananth Madhavan and Aleksander Sobczyk
Quantifying the Skewness Loss of Diversification
James X. Xiong and Thomas M. Idzorek
The awards will be presented at the upcoming JOIM Conference:
March 22 – 24, 2020 / Rady School of Management, UCSD
Asset Allocation & Supporting Risk Analysis
Asset Allocation is arguably the most important activity in the management of a portfolio. We will have presentations on some of the state of the art analyses which supports the asset allocation function by the pioneers of the field. Featured presenters:
Harry Markowitz, Harry Markowitz Company, Keynote Speaker
Vineer Bhansali, LongTail Alpha
Richard Bookstaber, University of California and Talagent Financial
Joseph Engelberg, University of California San Diego
Robert Hillman and Kenneth Blay, Invesco
Mark Kritzman, Windham Capital Management
Marty Leibowitz, Morgan Stanley
Andrew Lo, Massachusetts Institute of Technology
Nicholas Savoulides, Invesco
https://www.joim.com/conference-series/
| Year | Award | Author(s) | Title |
| 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, 2018 Harry M. Markowitz Award Winners
Press Release, 01/27,2016, The Sixth Harry Markowitz Award Winners Named
Press Release, 02/03/14, The Fourth Harry M. Markowitz Award Winners Named
Press Release, 01/31/13, The Third Harry M. Markowitz Award Winners Named
Press Release, 02/21/12, The Second Harry M. Markowitz Award Winners Named
Press Release, 02/24/11, The First Harry M. Markowitz Award Winners Named
Press Release, 05/26/10, Harry M. Markowitz Award Established