Journal of Portfolio Management

Article	Citations
A Practitioner Perspective on Trading and the Implementation of Investment Strategies	25
Risk in Risk Aversion	16
When Is Reversal Strong? Evidence from Developed Markets	15
Stocks, Bonds, Bills, and Inflation’s Components	15
How Transitory Is Inflation?	14
How Misunderstanding Factor Models Set Unreasonable Expectations for Smart Beta	14
The AI Revolution: From Linear Regression to ChatGPT and beyond and How It All Connects to Finance	12
Personalized Inflation-Hedging Strategies	11
Performance Evaluation, Factor Models, and Portfolio Strategies: Evidence from Chinese Mutual Funds	10
ESG Integration in Multi-Asset Portfolios: The Trade-Off Between Sustainability and Factor Stability	10
A Causal Analysis of the Monetary Transmission Mechanism	9
When Factors Collide: Mapping Causal Spillovers across Global Asset Networks	9
A CIO’s Perspective on ESG Investing	8
The Tokenization Paradox: Why Faster Isn’t Always Safer	8
Equity Convexity under Major Monetary Policy Shift	8
webinar summary Multi-Asset Strategies Webinar	8
Interview with Ian Toner of Verus	8
Twenty Years of the Real Estate Special Issue: What Might the Next Twenty Years Bring?	8
Honey, the Fed Shrunk the Equity Premium: Asset Allocation in a Higher-Rate World	7
Prolegomena to Any Future Monetary Policy	7
webinar summary Fixed Income Investing	7
Minimum Downside Risk Portfolios	7
Better Opt Out? Revisiting the Predictive Power of Options-Implied Signals	6
Decomposing Countries’ Consumption in Active Portfolio Management: A Black–Litterman Application	6
From Economics to AI: Integrating Discretionary and Quantitative Approaches in Asset Management	6

Comparing Methodologies for ESG Integration into Equity Factor Construction	6
Interview with Gerald Garvey of Blackrock	6
Increasing the Transparency of Pricing Dynamics in the US Commercial Real Estate Market with Interpretable Machine Learning Algorithms	5
Flattering or Really Understanding? Research on Stock Recommendations by Sell-Side Analysts in China	5
Forecasting Stock Market Volatility	5
Tactical Asset Allocation, Risk Premia, and the Business Cycle: A Macro Regime Approach	5
Range-Based Volatility Timing	5
Global Equity Market Volatility during the Initial Stages of the COVID-19 Pandemic: Drivers and Policy Responses	5
Integrating Sustainability into Asset Management: Challenges and Opportunities	5
Materiality-Weighted Portfolio Carbon Footprint: A More Accurate Measure for Transition Risk	5
Editors’ Introduction to the 2022 Special Issue on Novel Risks and Sources of Volatility: Identification and Measurement Challenges for Portfolio Management	5
An Overview of Optimization Models for Portfolio Management	4
Modernizing Volatility-Managed Strategies	4
On the Relevance of Variances and Correlations for Multifactor Investors	4
Equity Tail Protection Strategies Before, During, and After COVID-19	4
Carbon Risk Factor Framework	4
Is Momentum a Risk Factor? Evidence from Option-Implied Expected Returns	4
Asset Allocation for Retirement Income: A Framework for Income-Oriented Investors	4
Large Language Models for Financial and Investment Management: Models, Opportunities, and Challenges	4
When DoandWhichFama–French Factors Explain Industry Returns?	4
Stock Vulnerability and Resilience	4
Interview with Sebastien Page of T. Rowe Price	4
Corporate Bonds and Climate Change Risk	4
Vocal Delivery as a Novel Risk Indicator: Evidence from Corporate Earnings Calls	4
Misleading Returns: How Ignoring Cash Flows Can Result in Performance Measurement Errors	4
Untangling Universality and Dispelling Myths in Mean–Variance Optimization	4
Why State-Dependent Discounting Matters for Climate-Sensitive Securities	4
Factor Information Decay: A Global Study	3
Interview with Harshdeep Singh Ahluwalia and Roger Aliaga-Diaz of Vanguard	3
Smarter Beta Investing: More Focus, Less Sustainability Bias, Same Performance	3
Multi-Asset Portfolios in the New Order	3
Comparing Downside Protection Strategies	3
Impact of ESG Objectives on a Portfolio	3
The False Promise of Drawdown Rules: New Evidence and a Better Framework	3
Does Real Estate Development Add Value?	3
Sizing Matters: Optimal Scaling of Long and Short Exposures in Equity Portfolios	3
Information Ratio = Selection × Breadth + Sizing	3
Systematic Insights into Private Equity Investing	3
Climate Change Uncertainty and Volatility of Clean Energy Portfolios: An Asset Pricing Perspective	2
Interview with Kari Vatanen of Elo Mutual Pension Insurance Company	2
False Precision in Portfolio Construction: Misconceptions That Undermine Asset Allocation	2
How Should the Long-Term Investor Harvest Variance Risk Premiums?	2
A “Quality” Quality Factor	2
Reinforcement Learning for Asset and Portfolio Management	2
A Tour of the Factor Funhouse	2
Picking Winners in Factorland: A Machine Learning Approach to Predicting Factor Returns	2
Time-Zero Direct Alpha: Investment-Level Calculations for Improved Skill Evaluation	2
Narrative Factors: A Dynamic Factor Framework for Risk Management and Alpha Generation	2
Market Impact Decay and Capacity	2
Global Bond Allocation Using Duration Times Spread	2

Social Awareness in Real Estate Investment: What Should Investors Do about the “S” in ESG?	2
The Power of Narrative Attention: Linking Geopolitical and Economic Storylines to Currency Risk and Return Predictability	2
Editor’s Introduction for the 2024 Special Issue on Multi-Asset Strategies and Asset Allocation	2
Press Freedom as a Risk Factor: Effects on Volatility and Uncertainty	2
Operating Leverage and Inflation	2
Pricing Factors and Causal Networks for US Industry Portfolios	2
Reference-Dependent Preferences for Lottery-Like Stocks: Cash Flow Risk and Credit Market Conditions	2
Investing as Owners Rather Than Traders: How Pension Funds Can Transform Capitalism	2
Value for Equity Index Options: Expected—Not Realized—Volatility and the Distribution of Forecasts	2
How to Diversify Differently: Time-Varying Correlations, Determinants, and Regimes	2
Putting the Long Term to Work: Shaping the Prudent Society Investment Model	2
The Economic Value of Frequency-Domain Information	2
Weak Feedback and Denial Are Killing Active Management: A Slow Death, Perhaps, but One That Is Avoidable	2
The Link Between Physical and Transition Climate Risk	2
Supply Chain and Correlations	2
Investor Information Interaction and Stock Price Co-Jumps	2
Sustainability Disclosure and Financial Performance: The Case of Private and Public Real Estate	1
(Re)Balancing Act: The Interplay of Private and Public Assets in Dialing the Asset Allocation	1
Unnatural Selection in Private Equity Real Estate?	1
Financial Networks and Portfolio Management	1
Emerging Markets Currency Factors and US High-Frequency Macroeconomic Shocks	1
Strategic Asset Allocation and Inflation Resilience	1
Regulatory Design, Governance Incentives, and Portfolio Convergence: Lessons from Finland’s Pension Reform	1
Markowitz Remembrance	1
New Insights into Private Equity: Empirical Evidence from More Than 500 Buyouts	1
Shrinking the Size Effect	1
Interview with Gene Podkaminer of Capital Group	1
What Matters More for Emerging Markets Investors: Economic Growth or EPS Growth?	1
Formula Investing	1
Institutional Investors as Architects of Change: Toward a New Theory of Firm Value Creation	1
Portfolio Selection Redux, or, How the Paradox of Portfolio Efficiency Can Be Used to Improve Portfolio Performance	1
Do Corporate Carbon Emissions Data Enable Investors to Mitigate Climate Change?	1
Allocation-Focused Regimes and Applications to Dynamic Factor Investing	1
Diversification and Asset Allocation in the Post-COVID Era	1
History Repeats Itself? The Nonstationarity Hazard	1
The Factor Edge: Optimized Private Debt Investing	1
Interview with Shaojun Zhang Formerly of Vanguard	1
Mean-Variance Optimization for Simulation of Order Flow	1
Editor’s Introduction for the 2025 Special Issue on Factor-Based Investing	1
Thinking Outside the Benchmark: Part II	1
Why Do Equally Weighted Portfolios Beat Value-Weighted Ones?	1
The Contribution of a Constituent Time Period-Asset Pair: Longitudinal Decompositions	1
Optimal Strategies for Digital Assets with No Fundamental	1
Further Applications of Mean–Variance Optimization	1
Structural Benchmark Drift and Hidden Peer Risk: Governance Implications for Active Equity Management	1
William T. Ziemba and a Brief Look at HisJournal of Portfolio ManagementLegacy	1
The Tyranny of IRR	1
Interview with Ronald Hua of Qtron Investments	1
Demystifying FinBERT: How Transformer Models Turn Financial Text into Market Insights	1
Does an Economic Profit Strategy Outperform the Market? A Long-Term Study Using EVA-Style Analysis	1
Equity Market Structure and the Persistence of Unsolved Problems: A Microstructure Perspective	1
Emerging Technologies and the Transformation of Exchange Trading Platforms	1
Governance Models for a Changing Asset Management Landscape	1
Inflation Hedging: A Dynamic Approach Using Online Prices	1
Measuring Market Risk in Asset Management	1
Forecast Aggregation and Predictive Value	1
Mean–Variance Analysis, the Geometric Mean, and Horizon Mismatch	1
Factor Zoo (.zip)	1
Perspective: Asset Classes versus Risk Factors or Asset ClassesandRisk Factors?	1
Interview with Marcos López de Prado of Abu Dhabi Investment Authority (ADIA)	1
Strategic Asset Allocation with Alternative Investments: An Integrated Approach	1
Domesticating the Factor Zoo with Economic Theory	1
Enhanced Backtesting for Practitioners	1
Timing and Sizing Skills of Systematic Strategies across Time and Economic Regimes	1
Process Alpha: How to Construct and Manage Optimized Venture Portfolios	1
Editor’s Introduction for the 2026 Special Issue on Factor-Based Investing	1
Things I Expected Would Have Changed by Now (But Have Not)	1
Inflation-Induced Overearnings	1
What to Do with All These Currencies?	1
Sharpe Ratio Inference: A New Standard for Decision Making and Reporting	1
Diversification Is Dead, Long Live Diversification!	1
Editor’s Introduction for the 2025 Special Issue on Multi-Asset Strategies and Asset Allocation	1
A Changing Stock–Bond Correlation: Drivers and Implications	1
A Framework for Attributing Changes in Portfolio Carbon Footprint	1
Interview with Eric H. Sorensen of PanAgora Asset Management	1
Fat and Heavy Tails in Asset Management	1
The Mean–Variance Rule and Expected Utility: The Multi-Period Case	1
AI and Decision-Making in Investment—Why We Will Not Return to the Cave	1
Harry Markowitz’s Two Intellectual Children: Mean–Variance and Behavioral Portfolio Theories	1
Introduction to Investing In Emerging Markets Special Issue	1

Oversight Risk: How Committees Shape Portfolios	1
Climate Output at Risk	1
Tax-Aware Portfolio Construction: A Multi-Asset Approach	1
Sector Rotation in Times of Crises	1
The Hierarchy of Empirical Evidence in Finance	1
Return–Risk Analysis of Real Estate Tokens: An Asset Class of Its Own	1
Reminiscences on an Extraordinary Gentleman	1
Using Large Language Models to Estimate Novel Risk: Impact on Volatility	1
Interview with Andrew Chin of AllianceBernstein	1
Wisdom of the Crowds or Ignorance of the Masses? A Data-Driven Guide to WallStreetBets	1
Rebuffed: An Empirical Review of Buffer Funds	1
Editor’s Introduction to the Special Issue on Portfolio Manager Perspectives	1
Equity Performance after Follow-On Offerings: A Modern Reexamination with Portfolio Applications	1
Relevance-Based Importance: A Comprehensive Measure of Variable Importance in Prediction	1
Estimating the Alpha and Beta of Private Capital Using State Space Modeling and Bayesian Inference	1
Implementing AI Foundation Models in Asset Management: A Practical Guide	1
The Return of the Call Auction	1
Corporate Bond Trading: Finding the Customers’ Yachts	1
Interview with Mark Anson, CEO, Commonfund	1
Using a Mean-Changing Stochastic Processes Exit–Entry Model for Stock Market Long–Short Prediction	1
Agent Investing: A Constructive Approach	1
The Roots of Dispersion	1
Bayes Rule and the Selection of Investment Managers	1
Bond and Stock Risk Premium Cycles: Implications for Asset Allocation	1
Paradigm Shift: Embracing Holism in Causal Modeling for Investment Applications	1
Low Risk, High Variability: Practical Guide for Portfolio Construction	1
Trends and Cycles of Style Factors in the 20th and 21st Centuries	0
Quantifying the Returns of ESG Investing: An Empirical Analysis with Six ESG Metrics	0
Robustness in Portfolio Optimization	0
Investor Global Sentiment and Stock Returns Connectedness in Developed Markets	0
Editors’ Introduction: The Birth of Portfolio Theory	0
Proposing a New Metric: Private Fund Duration	0
Filled and Killed: Forecast and Realized Trading Costs across Horizons from Global Equity and Fixed Income Portfolio Trades	0
The New Risk and Return of Venture Capital	0
Fund Concentration: A Magnifier of Manager Skill	0
Applying the Appraisal Ratio and Style Analysis to Total Portfolio Management	0
The Modern Endowment Story: A Ubiquitous US Equity Factor	0
Stress Testing in a World of Compound Risks and Polycrises	0
Interview with Daniel Farley of State Street Global Advisors	0
Style Investing, Mutual Fund Flows, and Return Comovement	0
A Century of Macro Factor Investing—Diversified Multi-Asset Multi-Factor Strategies through the Cycles	0
Why Should Asset Management Be Interested in New Economic Thinking?	0
The Markowitzatron: From Modern Portfolio Theory to Modern Petroleum Theory	0
Portfolio Concentration and Stock-Specific Risk	0
Non-Core Real Estate Returns: An Empirical Approach	0
Interview with Vince Childers and Jeffrey Palma of Cohen & Steers	0
The Rise in Systematic Credit Investing	0
ESG, Fundamentals, and Stock Returns	0
Rethinking Emerging Markets: A Fresh Perspective	0
Resurrecting Earnings-to-Price with Robust Control for Outliers	0
Endogenous Dynamics of Intraday Liquidity	0
Editor’s Introduction for the 2026 Special Issue on Multi-Asset Strategies and Asset Allocation	0
Eggs in a Basket: Harry Markowitz’s Contribution and How I Achieved Erdős 3	0
Do Scope 3 Carbon Emissions Impact Firms’ Cost of Debt?	0
Market Design—A Practitioner’s Perspective	0
Seeking Better Sharpe Ratio via Bayesian Optimization	0
Forecasting Stock–Bond Correlation	0
A Framework for the Analysis of Unfolding Financial Crises	0
Strategic Discipline: How Asset Management Mirrors Military Operations	0
Takahashi–Alexander Revisited: Modeling Private Equity Portfolio Outcomes Using Historical Simulations	0
Low–Risk Alpha without Low Beta	0
Return to Active Equity Management	0
The Case for Causal Factor Investing	0
Co-Occurrence: A New Perspective on Portfolio Diversification	0
Improving the Accuracy of Tail Risk Forecasts	0
Applications of Portfolio Theory to Accelerating Biomedical Innovation	0
Monte Carlo Simulation in Financial Modeling	0
The Impressive Markets Hypothesis: Prices (Still) Forecast Fundamentals	0
Total Portfolio Approach	0
The Dynamic Impact of Macro Factors on the Performance of Blended Real Estate Equity Strategies	0
Some Practical Considerations for the Total Portfolio Approach to Pension Fund Management	0
Termination Risk and Sustainability	0
Dynamic Asset Allocation Using Machine Learning: Seeing the Forest for the Trees	0
The Value of Smoothing	0
Selecting Investment Analytic Framework for Both Top-Down and Bottom-Up Investors: Using Global Equity as the Example	0
Interview with Gerald W. Buetow of BFRC Services, LLC	0
Leveling the Divide Between Discretionary and Systematic Investing: How AI Enables Breadth and Depth	0
Policy Regimes versus Economic Regimes: Implications for Portfolio Construction	0
Perspectives on Private Equity and Venture Capital	0
Sustainable Investing and Climate Transition Risk: A Portfolio Rebalancing Approach	0
Portfolio Insurance, Portfolio Theory, Market Simulation, and Risks of Portfolio Leverage	0
Editors’ Introduction to the Special Issue on CIO Perspectives	0
Incorporating Imputed Signal Values Efficiently in Portfolio Construction	0
Benchmarks Differ. Then They Get Revised	0
Interview with Sébastien Page of T. Rowe Price	0
How Many Is Too Few? Revisiting the Number of Names in Equity Portfolios	0
Editor’s Introduction for 2023 Special Issue on Quantitative Tools for Asset Management	0
International Diversification—Still Not Crazy after All These Years	0
The Case for Integrating ESG into Fixed-Income Portfolios	0
Institutional Investors in the Single-Family Rental Market	0
On Risk Parity Performance	0
Interview with Jean-Charles Bertrand of HSBC Asset Management	0
Dissecting the Value Premium: A Novel Market-to-Book Decomposition	0
The Interconnectedness between Green Finance Indexes and Other Important Financial Variables	0
The Next Accounting Frontier: Bringing Structure and Reliability to NLP	0