Year in Review

Top Articles for 2020 New launches What's next for 2021?
 

Looking back at 2020, it was clearly a year of extreme disruption, partial adaptation and survival. 
 
In Q1 2020, markets around the world reacted violently to the spread of Covid-19 pandemic, with the VIX reaching a record high of 82.69 on March 16, surpassing the previous peak of 80.74 from the throes of the GFC on November 21, 2008. Gyrations continued for several months, but after the US Presidential election in November, the VIX it settled into the 20-30 range.
 
Oil was hit hard in 2020, with futures even turning negative for a brief period on April 20th, driving other markets into a new round of volatility. The fixed income market saw the Fed push interest rates lower and launching programs to assist corporations, municipalities, and other central banks through its special facilities and programs. Ongoing regulation and rule changes affected the derivatives market, but on the alternatives side, venture capital and private equity exits revived towards the end of the year.
 
As we consider our prospects for the future, there is certainly reason for concern, with persistent unemployment rates, rising national debt, and a virus that is not yet defeated. However, there is also reason for hope in the form of human adaptability, technological innovation, and market resilience. In finance, we are keenly aware of the global landscape, the interconnections between sectors and economies, and the value of intelligent policy responses, clear communications, and international coordination. Through a combination of awareness, cooperation, and action, we will meet this challenge together.

 

Top Articles for 2020

Our most read article for 2020 was 'The New Normal 2.0' by Mohamed A. El-Erian and has over 22,800 pageviews.
 

Mohamed first coined the phrase 'The New Normal' after the 2008 financial crash and in his latest article he explains how the COVID-19 virus will have a signifcant impact on the future of the investment world, therefore revising his theory to 'The New Normal 2.0'. Mohamed was also our first guest on our new series 'Conversations with Frank' in which he was interviewd by long-time editor Frank Fabozzi and offered his insights into how global economies and businesses worldwide can recover.

 

Mohamed A. El-Erian
The Journal of Portfolio Management July 2020, 46 (7) 1-4; DOI: https://doi.org/10.3905/jpm.2020.1.164

Foundations of ESG Investing: How ESG Affects Equity Valuation, Risk, and Performance

Laura Nishikawa
The Journal of Portfolio Management July 2019, 45 (5) 69-83; DOI: https://doi.org/10.3905/jpm.2019.45.5.069

Cryptocurrency: A New Investment Opportunity?

Yu Wang
The Journal of Alternative Investments Winter 2018, 20 (3) 16-40; DOI: https://doi.org/10.3905/jai.2018.20.3.016

Machine Learning in Asset Management—Part 1: Portfolio Construction—Trading Strategies

Derek Snow
The Journal of Financial Data Science Winter 2020, 2 (1) 10-23; DOI: https://doi.org/10.3905/jfds.2019.1.021

 

Jim Cramer’s Mad Money Charitable Trust Performance and Factor Attribution

Jonathan S. Hartley and Matthew Olson
 
The Journal of Retirement Summer 2018, 6 (1) 45-54; DOI: https://doi.org/10.3905/jor.2018.1.039

 

New launches

With Responsible investing projected to explode in popularity over the next decade, this year we launched The Journal of Impact and ESG Investing!
 
Our editor Brian Bruce is CEO, CIO and Founder of Hillcrest Asset Management who has published numerous scholarly articles and books on investment management and working alongside Brian is Lloyd Kurtz, Head of Social Impact Investing at Wells Fargo Private Bank. Kurtz helped found the Mosokowitz Prize for best paper in ESG and his recent research focuses on the relationship between ESG performance and the competitiveness of firms. Both their extensive knowledge and experience on the industry will ensure the journal provides the latest cutting-edge ESG research.
 
Together they have recruited an outstanding advisory board that make up some of the top investment professionals in the industry, and some companies that feature include, Aberdeen Standard, Goldman Sachs Asset Management, HSBC Global Research, McKinley Capital Management, Vanguard and Wells Fargo Asset Management.
 
Fast-forward four months and we have now published our second issue of the journal, which you can find online here.
 

 

 

 

 

 

 
 
 
 
We also launched our webinar series Conversations with Frank and continued to publish outstanding research within our Special Issues.

 

Conversations with Frank Fabozzi

 

Mohamed El-Erian

Chief economic advisor at Allianz, author of best-selling book When Markets Collide

Watch now Conversations with Frank and Mohamed El-Erian

Andrew Lo
Professor of Finance MIT Sloan School of Management

Watch now Coversations with Frank and Andrew Lo

Marcos Lopez de Prado
CIO of True Positive Technologies and Professor of Practice at Cornell University’s School of Engineering

Watch now Conversations with Frank and Marcos Lopez de Prado

 

 

Special Issues

 

ESG Special Issue Ethical Investing Fund Manager Selection Multi-asset Strategies

 

 

What's next for 2021?

 

 

                                                       New Platform                                                                                                                                   Research / Special Reports                                                                                          Conversations with Frank