{"content":[{"text":"Harry M. Markowitz Award/Page 2","bbox":{"left":0.147451,"top":0.048863,"width":0.297572,"height":0.015152000000000006}},{"text":"Papers will be judged based on three primary criteria: practical","bbox":{"left":0.206275,"top":0.094318,"width":0.5416110000000001,"height":0.015151999999999999}},{"text":"significance, technical excellence, and theoretical quality. An honorarium of","bbox":{"left":0.147451,"top":0.121591,"width":0.656428,"height":0.015151999999999999}},{"text":"$10,000 will be bestowed to the winner. Two additional finalist papers will","bbox":{"left":0.147451,"top":0.148863,"width":0.639258,"height":0.015151999999999999}},{"text":"receive a Special Distinction Award along with a $5,000 honorarium. New","bbox":{"left":0.147451,"top":0.176136,"width":0.641219,"height":0.015151999999999999}},{"text":"Frontier Advisors, LLC, a leading institutional research and investment advisory","bbox":{"left":0.147451,"top":0.203409,"width":0.687451,"height":0.015151999999999999}},{"text":"firm, is sponsoring both the Harry M. Markowitz Award and the Special","bbox":{"left":0.147451,"top":0.230681,"width":0.611023,"height":0.015151999999999999}},{"text":"Distinction Awards.","bbox":{"left":0.147451,"top":0.257954,"width":0.167016,"height":0.015151999999999999}},{"text":"Recognizing a pioneer","bbox":{"left":0.147451,"top":0.285227,"width":0.20998300000000003,"height":0.015151999999999999}},{"text":"Dr. Harry Markowitz is widely recognized as the founder of modern","bbox":{"left":0.206275,"top":0.3125,"width":0.577963,"height":0.015151999999999999}},{"text":"portfolio theory (MPT) and as a seminal figure of modern finance. He pioneered","bbox":{"left":0.147451,"top":0.339772,"width":0.693257,"height":0.015151999999999999}},{"text":"the scientific approach to portfolio management that is in wide use in current","bbox":{"left":0.147451,"top":0.367348,"width":0.6599579999999999,"height":0.015151999999999999}},{"text":"practice today.","bbox":{"left":0.147451,"top":0.394621,"width":0.127801,"height":0.015151999999999999}},{"text":"He was the first to successfully apply advanced mathematics for","bbox":{"left":0.285882,"top":0.394621,"width":0.55555,"height":0.015151999999999999}},{"text":"defining optimal investor behavior in a modern sense.","bbox":{"left":0.147451,"top":0.421894,"width":0.46387899999999993,"height":0.015151999999999999}},{"text":"His investor oriented","bbox":{"left":0.622353,"top":0.421894,"width":0.17835599999999996,"height":0.015151999999999999}},{"text":"theories and research revolutionized the financial world, spawned the Capital","bbox":{"left":0.147451,"top":0.449166,"width":0.6663169999999999,"height":0.015151999999999999}},{"text":"Asset Pricing Model and resulted in many other breakthroughs.","bbox":{"left":0.147451,"top":0.476439,"width":0.546624,"height":0.015151999999999999}},{"text":"Dr. Markowitz is also a pioneer in computer technology as applied to asset","bbox":{"left":0.206275,"top":0.503712,"width":0.6450549999999999,"height":0.015152000000000054}},{"text":"management.","bbox":{"left":0.147451,"top":0.530984,"width":0.11995800000000001,"height":0.015152000000000054}},{"text":"He was awarded the John von Neumann Theory Prize for his","bbox":{"left":0.278431,"top":0.530984,"width":0.528628,"height":0.015152000000000054}},{"text":"contributions to portfolio theory, sparse matrix methods, and simulation language","bbox":{"left":0.147451,"top":0.558257,"width":0.699925,"height":0.015152000000000054}},{"text":"programming in 1989.","bbox":{"left":0.147451,"top":0.58553,"width":0.190938,"height":0.015152000000000054}},{"text":"He was awarded the Nobel Prize in Economics in 1990,","bbox":{"left":0.349412,"top":0.58553,"width":0.48230999999999996,"height":0.015152000000000054}},{"text":"along with Merton Miller and William Sharpe.","bbox":{"left":0.147451,"top":0.612803,"width":0.38780099999999995,"height":0.015152000000000054}},{"text":"“As a company committed to the development of state-of-the-art","bbox":{"left":0.206275,"top":0.640075,"width":0.554467,"height":0.015152000000000054}},{"text":"investment technology and research, New Frontier Advisors is proud to honor the","bbox":{"left":0.147451,"top":0.667348,"width":0.7030609999999999,"height":0.015152000000000054}},{"text":"enormous range and influence of Harry Markowitzʼ work by sponsoring this","bbox":{"left":0.147451,"top":0.694621,"width":0.647843,"height":0.015152000000000054}},{"text":"award,” said Dr. Richard O. Michaud, president and chief investment officer at","bbox":{"left":0.147451,"top":0.721894,"width":0.674075,"height":0.015152000000000054}},{"text":"New Frontier.","bbox":{"left":0.147451,"top":0.749166,"width":0.11760500000000002,"height":0.015152000000000054}},{"text":"“As educator, theorist, and active member of the financial","bbox":{"left":0.276078,"top":0.749166,"width":0.4949449999999999,"height":0.015152000000000054}},{"text":"community, Harry has inspired numerous researchers, asset managers, and","bbox":{"left":0.147451,"top":0.776439,"width":0.6603169999999999,"height":0.015152000000000054}},{"text":"economists.","bbox":{"left":0.147451,"top":0.803712,"width":0.104663,"height":0.015152000000000054}},{"text":"This prize aims to honor and promote that legacy.”","bbox":{"left":0.263137,"top":0.803712,"width":0.4367259999999999,"height":0.015152000000000054}},{"text":"“The Journal Of Investment Management is designed to bridge the gap","bbox":{"left":0.206275,"top":0.830984,"width":0.614434,"height":0.015152000000000054}},{"text":"between the theory and practice of investment management. Few better","bbox":{"left":0.147451,"top":0.858257,"width":0.6292749999999999,"height":0.015152000000000054}},{"text":"represent the benefits of this approach than Dr. Markowitz, whose research has","bbox":{"left":0.147451,"top":0.88553,"width":0.689412,"height":0.015152000000000054}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}