Journal of Portfolio Management

Article	Citations
Risk in Risk Aversion	29
Stocks, Bonds, Bills, and Inflation’s Components	20
How Transitory Is Inflation?	16
How Misunderstanding Factor Models Set Unreasonable Expectations for Smart Beta	16
Personalized Inflation-Hedging Strategies	14
When Factors Collide: Mapping Causal Spillovers across Global Asset Networks	13
A Causal Analysis of the Monetary Transmission Mechanism	12
Financial Network and Industry Connectedness	11
ESG Integration in Multi-Asset Portfolios: The Trade-Off Between Sustainability and Factor Stability	11
The Tokenization Paradox: Why Faster Isn’t Always Safer	10
The AI Revolution: From Linear Regression to ChatGPT and beyond and How It All Connects to Finance	10
When Is Reversal Strong? Evidence from Developed Markets	10
A CIO’s Perspective on ESG Investing	9
Equity Convexity under Major Monetary Policy Shift	9
webinar summary Multi-Asset Strategies Webinar	9
Interview with Ian Toner of Verus	9
Twenty Years of the Real Estate Special Issue: What Might the Next Twenty Years Bring?	9
Honey, the Fed Shrunk the Equity Premium: Asset Allocation in a Higher-Rate World	8
Prolegomena to Any Future Monetary Policy	8
webinar summary Fixed Income Investing	8
Minimum Downside Risk Portfolios	7
Interview with Gerald Garvey of Blackrock	7
Tactical Asset Allocation, Risk Premia, and the Business Cycle: A Macro Regime Approach	6
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
Range-Based Volatility Timing	6
Comparing Methodologies for ESG Integration into Equity Factor Construction	6
Materiality-Weighted Portfolio Carbon Footprint: A More Accurate Measure for Transition Risk	5
Global Equity Market Volatility during the Initial Stages of the COVID-19 Pandemic: Drivers and Policy Responses	5
Forecasting Stock Market Volatility	5
Integrating Sustainability into Asset Management: Challenges and Opportunities	5
Editors’ Introduction to the 2022 Special Issue on Novel Risks and Sources of Volatility: Identification and Measurement Challenges for Portfolio Management	5
Flattering or Really Understanding? Research on Stock Recommendations by Sell-Side Analysts in China	5
Increasing the Transparency of Pricing Dynamics in the US Commercial Real Estate Market with Interpretable Machine Learning Algorithms	5
Equity Tail Protection Strategies Before, During, and After COVID-19	4
When DoandWhichFama–French Factors Explain Industry Returns?	4
Misleading Returns: How Ignoring Cash Flows Can Result in Performance Measurement Errors	4
Stock Vulnerability and Resilience	4
Interview with Sebastien Page of T. Rowe Price	4
On the Relevance of Variances and Correlations for Multifactor Investors	4
Carbon Risk Factor Framework	4
An Overview of Optimization Models for Portfolio Management	4
Is Momentum a Risk Factor? Evidence from Option-Implied Expected Returns	4
Large Language Models for Financial and Investment Management: Models, Opportunities, and Challenges	4
Corporate Bonds and Climate Change Risk	4
Asset Allocation for Retirement Income: A Framework for Income-Oriented Investors	4
Why State-Dependent Discounting Matters for Climate-Sensitive Securities	4
Vocal Delivery as a Novel Risk Indicator: Evidence from Corporate Earnings Calls	3
Sizing Matters: Optimal Scaling of Long and Short Exposures in Equity Portfolios	3
Information Ratio = Selection × Breadth + Sizing	3
Smarter Beta Investing: More Focus, Less Sustainability Bias, Same Performance	3
Interview with Harshdeep Singh Ahluwalia and Roger Aliaga-Diaz of Vanguard	3
Untangling Universality and Dispelling Myths in Mean–Variance Optimization	3
Impact of ESG Objectives on a Portfolio	3
Does Real Estate Development Add Value?	3
Factor Information Decay: A Global Study	3
Modernizing Volatility-Managed Strategies	3
Comparing Downside Protection Strategies	3
Systematic Insights into Private Equity Investing	3
The False Promise of Drawdown Rules: New Evidence and a Better Framework	3
How Should the Long-Term Investor Harvest Variance Risk Premiums?	2
Interview with Kari Vatanen of Elo Mutual Pension Insurance Company	2
From News to Signals: Agentic Workflows for Qualitative Investment Research	2
Operating Leverage and Inflation	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
Thinking Outside the Benchmark: Part II	2
Reinforcement Learning for Asset and Portfolio Management	2
Inflation-Induced Overearnings	2
Narrative Factors: A Dynamic Factor Framework for Risk Management and Alpha Generation	2
The Power of Narrative Attention: Linking Geopolitical and Economic Storylines to Currency Risk and Return Predictability	2
Putting the Long Term to Work: Shaping the Prudent Society Investment Model	2
Pricing Factors and Causal Networks for US Industry Portfolios	2
Graph Neural Networks in Asset and Investment Management: An Overview for Practitioners	2

Editor’s Introduction for the 2024 Special Issue on Multi-Asset Strategies and Asset Allocation	2
Supply Chain and Correlations	2
Weak Feedback and Denial Are Killing Active Management: A Slow Death, Perhaps, but One That Is Avoidable	2
Read All About It: News Interpretation and Price Efficiency across the Capitalization Spectrum	2
Interview with Mark Anson, CEO, Commonfund	2
Press Freedom as a Risk Factor: Effects on Volatility and Uncertainty	2
Investing as Owners Rather Than Traders: How Pension Funds Can Transform Capitalism	2
How to Diversify Differently: Time-Varying Correlations, Determinants, and Regimes	2
Social Awareness in Real Estate Investment: What Should Investors Do about the “S” in ESG?	2
Global Bond Allocation Using Duration Times Spread	2
Reference-Dependent Preferences for Lottery-Like Stocks: Cash Flow Risk and Credit Market Conditions	2
A Tour of the Factor Funhouse	2
Multi-Asset Portfolios in the New Order	2
Investor Information Interaction and Stock Price Co-Jumps	2
Climate Change Uncertainty and Volatility of Clean Energy Portfolios: An Asset Pricing Perspective	2
A “Quality” Quality Factor	2
Mean–Variance Analysis, the Geometric Mean, and Horizon Mismatch	2
False Precision in Portfolio Construction: Misconceptions That Undermine Asset Allocation	2
The Link Between Physical and Transition Climate Risk	2
Value for Equity Index Options: Expected—Not Realized—Volatility and the Distribution of Forecasts	2
The Economic Value of Frequency-Domain Information	2
Low Risk, High Variability: Practical Guide for Portfolio Construction	1
Compensated and Uncompensated Risks in Global Factor Investing	1
Demystifying FinBERT: How Transformer Models Turn Financial Text into Market Insights	1
What to Do with All These Currencies?	1
Optimal Strategies for Digital Assets with No Fundamental	1
Oversight Risk: How Committees Shape Portfolios	1
Interview with Shaojun Zhang Formerly of Vanguard	1
Editor’s Introduction to the Special Issue on Portfolio Manager Perspectives	1
Measuring Market Risk in Asset Management	1
Domesticating the Factor Zoo with Economic Theory	1
Strategic Asset Allocation with Alternative Investments: An Integrated Approach	1
Price of Risk: Are Volatility-Controlled Indices Priceless?	1
Institutional Investors as Architects of Change: Toward a New Theory of Firm Value Creation	1
Diversification and Asset Allocation in the Post-COVID Era	1
The Hierarchy of Empirical Evidence in Finance	1
Things I Expected Would Have Changed by Now (But Have Not)	1
Reminiscences on an Extraordinary Gentleman	1
Enhanced Backtesting for Practitioners	1
Unnatural Selection in Private Equity Real Estate?	1
Equity Performance after Follow-On Offerings: A Modern Reexamination with Portfolio Applications	1
Why Do Equally Weighted Portfolios Beat Value-Weighted Ones?	1
Shrinking the Size Effect	1
Harry Markowitz’s Two Intellectual Children: Mean–Variance and Behavioral Portfolio Theories	1
Fat and Heavy Tails in Asset Management	1
Bayes Rule and the Selection of Investment Managers	1
The Roots of Dispersion	1
Paradigm Shift: Embracing Holism in Causal Modeling for Investment Applications	1
(Re)Balancing Act: The Interplay of Private and Public Assets in Dialing the Asset Allocation	1
Building a Regime-Resilient ERC Portfolio	1
Financial Networks and Portfolio Management	1
Editor’s Introduction for the 2026 Special Issue on Factor-Based Investing	1
Tax-Aware Portfolio Construction: A Multi-Asset Approach	1
Interview with Ronald Hua of Qtron Investments	1
AI and Decision-Making in Investment—Why We Will Not Return to the Cave	1
Factor Zoo (.zip)	1
Bond and Stock Risk Premium Cycles: Implications for Asset Allocation	1
Sharpe Ratio Inference: A New Standard for Decision Making and Reporting	1
The Contribution of a Constituent Time Period-Asset Pair: Longitudinal Decompositions	1
A Topological View of Financial Markets: Rethinking Markets as Shapes with Hidden Structure: Conceptual Framework and Portfolio Implications	1
Estimating the Alpha and Beta of Private Capital Using State Space Modeling and Bayesian Inference	1
The Mean–Variance Rule and Expected Utility: The Multi-Period Case	1
Perspective: Asset Classes versus Risk Factors or Asset ClassesandRisk Factors?	1
Editor’s Introduction for the 2025 Special Issue on Factor-Based Investing	1
Wisdom of the Crowds or Ignorance of the Masses? A Data-Driven Guide to WallStreetBets	1
Relevance-Based Importance: A Comprehensive Measure of Variable Importance in Prediction	1
Timing and Sizing Skills of Systematic Strategies across Time and Economic Regimes	1
Structural Benchmark Drift and Hidden Peer Risk: Governance Implications for Active Equity Management	1
History Repeats Itself? The Nonstationarity Hazard	1
Regulatory Design, Governance Incentives, and Portfolio Convergence: Lessons from Finland’s Pension Reform	1
Interview with Marcos López de Prado of Abu Dhabi Investment Authority (ADIA)	1
Does an Economic Profit Strategy Outperform the Market? A Long-Term Study Using EVA-Style Analysis	1
Further Applications of Mean–Variance Optimization	1
A Framework for Attributing Changes in Portfolio Carbon Footprint	1
William T. Ziemba and a Brief Look at HisJournal of Portfolio ManagementLegacy	1
Interview with Gene Podkaminer of Capital Group	1
Editor’s Introduction for the 2025 Special Issue on Multi-Asset Strategies and Asset Allocation	1
Implementing AI Foundation Models in Asset Management: A Practical Guide	1
Governance Models for a Changing Asset Management Landscape	1
Markowitz Remembrance	1

Strategic Asset Allocation and Inflation Resilience	1
Inflation Hedging: A Dynamic Approach Using Online Prices	1
Return–Risk Analysis of Real Estate Tokens: An Asset Class of Its Own	1
Interview with Andrew Chin of AllianceBernstein	1
A Changing Stock–Bond Correlation: Drivers and Implications	1
Allocation-Focused Regimes and Applications to Dynamic Factor Investing	1
Climate Output at Risk	1
Using Large Language Models to Estimate Novel Risk: Impact on Volatility	1
The Factor Edge: Optimized Private Debt Investing	1
Forecast Aggregation and Predictive Value	1
Rebuffed: An Empirical Review of Buffer Funds	1
Agent Investing: A Constructive Approach	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
Formula Investing	1
Sustainability Disclosure and Financial Performance: The Case of Private and Public Real Estate	1
The Tyranny of IRR	1
Using a Mean-Changing Stochastic Processes Exit–Entry Model for Stock Market Long–Short Prediction	1
Diversification Is Dead, Long Live Diversification!	1
Interview with Eric H. Sorensen of PanAgora Asset Management	1