International Journal of Portfolio Analysis and Management (IJPAM) (ISSN: 2048-2361)

Description

The disastrous impact of the recent worldwide financial crisis in the global economy has shown how vulnerable the international markets are in the massive shocks that with increasing frequency afflict existing financial structures. The insufficiency of our models and tools to effectively intercept the overwhelming consequences of the decline has to be the starting point for reconsidering and revising the way of thinking and acting we have so far adopted.

Within this new reality, there is a necessity for academic researchers and industry practitioners to acknowledge the imperative demand for addressing the profound complexity of financial decision processes through integrated, robust and realistic approaches, based on even more productive models and techniques. The intensifying instability and uncertainty which prevail in the markets will be efficiently confronted only if we succeed to recognising the need for re-designing and re-engineering existing portfolio management (PM) methods and tools, while proceeding to the invention of new and more powerful ones.

Under this rationale, three strong necessities become apparent:

The enhancement of current PM processes and ontologies
The improvement of the effectiveness of contemporary portfolio engineering models
The augmentation of the operational transparency and compliance within the PM practice
It is obvious that a clear hysteresis exists in totally acknowledging the complexity and singularities of modern PM, along with the predicament of the current economic climate. Hence, the financial industry should advocate for the necessity of initialising integrated theoretical and practical frameworks to support both active and passive investment decisions that concern the ill-structured nature of the portfolio engineering process. And overall, it must fortify approaches which are designed to be fully integrated across all investment functions, from security selection and portfolio construction to performance evaluation and portfolio rebalancing. The ultimate milestone might be aiming at engineering portfolios that offer consistent outperformance relative to underlying benchmarks, with strict control of portfolio risk.

An imperative need for the inception of a clearly international formal research initiative that will diffuse and enforce the prospect dynamics in the scientific field of PM now becomes apparent. IJPAM seeks to fulfil the identified necessity and substantially contribute in the global prosperity, acknowledging the complexity and singularities of modern financial decision making, along with the predicament of the current economic climate.

Objectives

IJPAM is a scholarly journal whose objective is to contribute to PM as a distinct scientific field of economics and finance. Moreover, it aims at cultivating and fostering the generic idea of PM.

IJPAM intends to act as a forum and establish a platform for academic researchers and industry practitioners at the PM field. Its objectives are to establish an effective channel of communication between all people involved in the underlying research area and to promote and coordinate the relevant developments and innovative research initiatives.

It will:

Raise the awareness of importance regarding the gravity of the PM research field
Focus on the excellence in developing PM methodologies, models and techniques to deal with major economic and financial decision making problems
Provide insights relatively to the latest PM developments, and
Offer a networking forum for academic researchers and industry practitioners
Readership

IJPAM shapes its content from the research needs of a wide-ranging but tightly focused set of groups that are actively involved in advancing the fields of PM. These groups include academic researchers activated within the areas of economics and finance. Contributions from industry practitioners and professionals such as financial analysts, investment consultants, portfolio managers and financial engineers are also welcome.

Contents

IJPAM publishes high quality empirical, theoretical and survey research pieces that contribute significantly and provide meaningful insights in the field of PM. Priority is given to articles that reveal novel concepts of broad interest to the research community of finance. Contributions may be by submission or invitation. Suggestions for special issues that address specific and well-defined relevant topics are welcome.

IJPAM hosts all the basic methodological streams of PM. It focuses on papers presenting new theoretical insights and developments, as well as real-world case studies illustrating the implementation of PM approaches in financial practice. Papers exploring the interactions of PM with other relevant disciplines such as information technology, computer science, decision support systems and artificial intelligence are of particular interest. Research papers from eminent scientists reviewing the existing state-of-the-art are also welcome.

Subject Coverage

Suitable topics for IJPAM include but are not limited to:

Asset allocation and security selection
Portfolio construction and optimisation
Portfolio risk measurement and management
Portfolio performance evaluation and attribution
Portfolio re-engineering and rebalancing
Mutual and hedge funds management
Pension funds and institutional portfolio management
Wealth and private portfolio management
Equity and bond portfolio management
Hedging and management of derivatives portfolios
Commodities and alternative instruments portfolio management
Active-passive portfolio management and investment styles
Quantitative and algorithmic portfolio management
Portfolio econometrics and foundations of portfolio theory
Portfolio analytics and decision support investment platforms