Bernstein Fabozzi/Jacobs Levy Awards
Selected annually by its readers, the Bernstein Fabozzi/Jacobs Levy Awards acknowledge and highlight the most innovative and compelling research published each year in The Journal of Portfolio Management.
The Awards were established in 1999 to honor Editors Peter L. Bernstein and Frank J. Fabozzi for their extraordinary contributions to the field of finance and to promote research excellence in the theory and practice of portfolio management.
Co-founded and generously funded by Bruce Jacobs and Ken Levy of Jacobs Levy Equity Management, the prize for the Best Article is $5,000 and the prize for each Outstanding Article is $2,500.
Every five years, the award-winning articles and commentaries are collected into a limited-edition book. The Bernstein Fabozzi/Jacobs Levy Awards: Five Years of Award-Winning Articles from The Journal of Portfolio Management, Volumes One through Four, feature an introduction from the editors and include each of the winning articles accompanied by commentaries from the award-winning authors discussing the motivation behind their articles and ongoing research.
| Discover the full list of best articles | Discover the full list of outstanding articles |
| 23rd Annual Award Winners | Awards Books | 20th Anniversary Celebration |
Best Article Award Winners
| Year | Author(s) | Best Article |
| 2022 | Henry Neville, Teun Draaisma, Ben Funnell, Campbell R. Harvey, and Otto Van Hemert | The Best Strategies for Inflationary Times |
| 2021 |
Ananth Madhavan, Aleksander Sobczyk, and Andrew Ang
|
Alpha vs. Alpha: Selection, Timing, and Factor Exposures from Different Factor Models |
| 2020 | Tarun Gupta and Bryan Kelly | Factor Momentum Everywhere |
| 2019 | Meir Statman | Behavioral Efficient Markets |
| 2018 | Robert D. Arnott, Denis B. Chaves, and Tzee-man Chow | King of the Mountain: The Shiller P/E and Macroeconomic Conditions |
| 2017 | Andrew W. Lo | What Is an Index? |
| 2016 | Campbell R. Harvey and Yan Liu | Backtesting |
| 2015 | Campbell R. Harvey and Yan Liu | Evaluating Trading Strategies |
| 2014 |
Richard Roll Clifford Asness and Andrea Frazzini |
Volatility, Correlation, and Diversification in a Multi-Factor World |
| 2013 | Antti IImanen and Jared Kizer | The Death of Diversification Has Been Greatly Exaggerated |
| 2012 | Wai Lee | Risk-Based Asset Allocation: A New Answer to an Old Question? |
| 2011 | Robert A. Jarrow | Active Portfolio Management and Positive Alphas: Fact or Fantasy? |
| 2010 | Robert E. Whaley | Understanding the VIX |
| 2009 | Richard C. Grinold | Dynamic Portfolio Analysis |
| 2008 | Martin L. Leibowitz and Anthony Bova | Gathering Implicit Alphas in a Beta World |
| 2007 | Ronald N. Kahn, Matthew H. Scanlan, and Laurence B. Siegel | Five Myths About Fees |
| 2006 | Robert B. Litterman | The Active Risk Puzzle |
| 2005 | Clifford S. Asness | Fight the Fed Model |
| 2004 | Antti Ilmanen Mark Kritzman and Sébastien Page |
Expected Returns on Stocks and Bonds The Hierarchy of Investment Choice |
| 2003 | Clifford S. Asness, Robert J. Krail, and John M. Liew | Do Hedge Funds Hedge? |
| 2002 | Burton G. Malkiel and Aleksander Radisich | The Growth of Index Funds and the Pricing of Equity Securities |
| 2001 | Jeremy J. Siegel | The Shrinking Equity Premium |
| 2000 | Thomas K. Philips | Why Do Valuation Ratios Forecast Long-Term Equity Returns? |
