{"id":"https://openalex.org/W1985975002","doi":"https://doi.org/10.3905/jpm.1999.319730","title":"Long-Short Portfolio Management","display_name":"Long-Short Portfolio Management","publication_year":1999,"publication_date":"1999-01-31","ids":{"openalex":"https://openalex.org/W1985975002","doi":"https://doi.org/10.3905/jpm.1999.319730","mag":"1985975002"},"language":"en","primary_location":{"id":"doi:10.3905/jpm.1999.319730","doi":"https://doi.org/10.3905/jpm.1999.319730","is_oa":false,"landing_page_url":"https://doi.org/10.3905/jpm.1999.319730","pdf_url":null,"source":{"id":"https://openalex.org/S143806524","display_name":"The Journal of Portfolio Management","issn_l":"0095-4918","issn":["0095-4918","2168-8656"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320662","host_organization_name":"Euromoney Institutional Investor","host_organization_lineage":["https://openalex.org/P4310320662"],"host_organization_lineage_names":["Euromoney Institutional Investor"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Portfolio Management","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5017478083","display_name":"Bruce I. Jacobs","orcid":"https://orcid.org/0000-0002-5617-9885","observed_orcids":["https://orcid.org/0000-0002-5617-9885"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Bruce I. Jacobs","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5006211024","display_name":"Kenneth N. Levy","orcid":"https://orcid.org/0000-0002-4670-4631","observed_orcids":["https://orcid.org/0000-0002-4670-4631","https://orcid.org/0000-0002-2375-9496"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Kenneth N. Levy","raw_affiliation_strings":["Principals"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Principals","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5025727198","display_name":"David Starer","orcid":"https://orcid.org/0000-0002-9597-2691","observed_orcids":["https://orcid.org/0000-0002-9597-2691"]},"institutions":[{"id":"https://openalex.org/I4210153584","display_name":"Jacobs Levy Equity Management","ror":"https://ror.org/05n6vhy89","country_code":"US","type":"other","lineage":["https://openalex.org/I4210153584"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"David Starer","raw_affiliation_strings":["A senior quantitative analyst at Jacobs Levy Equity Management in Roseland (NJ 07068)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"A senior quantitative analyst at Jacobs Levy Equity Management in Roseland (NJ 07068)","institution_ids":["https://openalex.org/I4210153584"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":4.2894,"has_fulltext":false,"cited_by_count":59,"citation_normalized_percentile":{"value":0.94575614,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"25","issue":"2","first_page":"23","last_page":"32"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.5669000148773193,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.5669000148773193,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11413","display_name":"Risk and Portfolio Optimization","score":0.420199990272522,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.005799999926239252,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/short-selling","display_name":"short selling","score":0.8349999785423279},{"id":"https://openalex.org/keywords/portfolio-optimization","display_name":"portfolio optimization","score":0.9169999957084656},{"id":"https://openalex.org/keywords/risk-return-trade-off","display_name":"risk-return tradeoff","score":0.9079999923706055},{"id":"https://openalex.org/keywords/expected-returns","display_name":"expected returns","score":0.5490000247955322},{"id":"https://openalex.org/keywords/asset-correlation","display_name":"asset correlation","score":0.5440000295639038},{"id":"https://openalex.org/keywords/long-only-portfolios","display_name":"long-only portfolios","score":0.6629999876022339},{"id":"https://openalex.org/keywords/short-selling-costs","display_name":"short-selling costs","score":0.47999998927116394}],"concepts":[{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.7992390394210815},{"id":"https://openalex.org/C202655437","wikidata":"https://www.wikidata.org/wiki/Q7231728","display_name":"Portfolio optimization","level":3,"score":0.6397475004196167},{"id":"https://openalex.org/C2780598303","wikidata":"https://www.wikidata.org/wiki/Q65921492","display_name":"Flexibility (engineering)","level":2,"score":0.6080475449562073},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5463051199913025},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.5370665192604065},{"id":"https://openalex.org/C139819358","wikidata":"https://www.wikidata.org/wiki/Q462748","display_name":"Asset allocation","level":3,"score":0.4919300079345703},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.457040399312973},{"id":"https://openalex.org/C177264268","wikidata":"https://www.wikidata.org/wiki/Q1514741","display_name":"Set (abstract data type)","level":2,"score":0.44831469655036926},{"id":"https://openalex.org/C67051015","wikidata":"https://www.wikidata.org/wiki/Q7233558","display_name":"Post-modern portfolio theory","level":5,"score":0.44010403752326965},{"id":"https://openalex.org/C74510933","wikidata":"https://www.wikidata.org/wiki/Q1936145","display_name":"Project portfolio management","level":3,"score":0.4254394769668579},{"id":"https://openalex.org/C9725762","wikidata":"https://www.wikidata.org/wiki/Q1072885","display_name":"Modern portfolio theory","level":3,"score":0.4240448772907257},{"id":"https://openalex.org/C21099588","wikidata":"https://www.wikidata.org/wiki/Q7314068","display_name":"Replicating portfolio","level":4,"score":0.422769695520401},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.36406058073043823},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.2191760540008545},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C15952604","wikidata":"https://www.wikidata.org/wiki/Q179012","display_name":"Project management","level":2,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.3905/jpm.1999.319730","doi":"https://doi.org/10.3905/jpm.1999.319730","is_oa":false,"landing_page_url":"https://doi.org/10.3905/jpm.1999.319730","pdf_url":null,"source":{"id":"https://openalex.org/S143806524","display_name":"The Journal of Portfolio Management","issn_l":"0095-4918","issn":["0095-4918","2168-8656"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320662","host_organization_name":"Euromoney Institutional Investor","host_organization_lineage":["https://openalex.org/P4310320662"],"host_organization_lineage_names":["Euromoney Institutional Investor"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Portfolio Management","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":8,"referenced_works":["https://openalex.org/W595301350","https://openalex.org/W1545748428","https://openalex.org/W1983786906","https://openalex.org/W2016768531","https://openalex.org/W2121606993","https://openalex.org/W2159893784","https://openalex.org/W2194681775","https://openalex.org/W4232474910"],"related_works":["https://openalex.org/W3122467758","https://openalex.org/W2088025475","https://openalex.org/W1983786906","https://openalex.org/W2164162034","https://openalex.org/W2247917652","https://openalex.org/W2055928312","https://openalex.org/W2943876997","https://openalex.org/W7112345305","https://openalex.org/W1740296502","https://openalex.org/W2184036770"],"abstract_inverted_index":{"With":[0],"the":[1,29,46,48,58,70,80,90,103,109,132],"freedom":[2],"to":[3,73,96,123],"sell":[4],"short,":[5],"an":[6,53,97],"investor":[7],"can":[8,68,120],"benefit":[9],"from":[10,19],"stocks":[11],"with":[12,21,35,107,116],"negative":[13],"expected":[14,23,59,122],"returns":[15],"as":[16,18],"well":[17],"those":[20],"positive":[22],"returns.":[24],"The":[25],"authors":[26,110],"explain":[27],"that":[28,56,112],"benefits":[30],"of":[31,64,135],"combining":[32],"short":[33],"positions":[34,37],"long":[36],"in":[38],"a":[39,113,127],"portfolio":[40,49,92,129],"context,":[41],"however,":[42],"depend":[43],"critically":[44],"on":[45,131],"way":[47],"is":[50,93],"constructed.":[51],"Only":[52],"integrated":[54],"optimization":[55],"considers":[57],"returns,":[60],"risks,":[61],"and":[62,77],"correlations":[63],"all":[65],"securities":[66],"simultaneously":[67],"maximize":[69],"investor's":[71],"ability":[72],"trade":[74],"off":[75],"risk":[76],"return":[78],"for":[79],"best":[81],"possible":[82],"performance.":[83],"This":[84],"holds":[85],"true":[86],"whether":[87],"or":[88],"not":[89],"long\u2013short":[91,114],"managed":[94],"relative":[95],"underlying":[98],"asset":[99],"class":[100],"benchmark.":[101],"Despite":[102],"incremental":[104],"costs":[105],"associated":[106],"shorting,":[108],"argue":[111],"portfolio,":[115],"its":[117],"enhanced":[118],"flexibility,":[119],"be":[121],"perform":[124],"better":[125],"than":[126],"long\u2013only":[128],"based":[130],"same":[133],"set":[134],"insights.":[136]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":4},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":3}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}
