Submissions

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Submission Preparation Checklist

As part of the submission process, authors are required to check off their submission's compliance with all of the following items, and submissions may be returned to authors that do not adhere to these guidelines.

  • All author contact information must be included on the cover sheet or first page of the article, including name, title, affiliation, mailing address, and email address.

  • The submission files are in Microsoft Office format; the text is double-spaced; uses a 12-point font; employs italics, rather than underlining (except with URL addresses); and all illustrations, figures, and tables are placed within the text at the appropriate points, rather than at the end. These will be labeled Exhibit 1, Exhibit 2, Exhibit 3 etc., instead of Figure 1, Table 1, Table 2, etc. Exhibits must be inserted as files in Word instead of pictures.


  • Exhibit Presentation: Authors are encouraged to submit articles with exhibits in color. Please make sure that all categories in an exhibit can be distinguished from each other and match the categories in any legend connected with an exhibit. Also, make sure that each exhibit will be legible when printed in black-and-white. This is important for all articles because a reader may print an article on a black-and-white printer.
    Please make sure that all categories in an exhibit can be distinguished from each other. Align numbers correctly by decimal points; use the same number of decimal points for the same sorts of numbers; center headings, columns, and numbers correctly; use the same language in successive appearances; identify any bold-faced or italicized entries in exhibits; and provide any source notes necessary.


  • Graphs: Graphs will appear the way you submit them. Please be consistent as to fonts, capitalization, and abbreviations in graphs throughout the article, and label all axes and lines in graphs clearly and absolutely consistently.The submission has not been previously published, nor is it before another journal for consideration (or an explanation has been provided in Comments to the Editor).


  • Equations: Please display called-out equations on separate lines, aligned on the exact same indents as the text paragraphs and with no punctuation following. Number equations consecutively throughout the article in Arabic numbers at the right-hand margin. Leave space around operations signs like plus and minus everywhere. It is preferable if manuscripts containing mathematical equations are submitted in Word, using either Equation Editor or MathType.


  • At least one author of each article must be prepared to sign the PMR copyright agreement form—giving us exclusive rights to publish the material in all media—prior to publication.

  • Authors must agree to the following Terms and Conditions:

    COPYRIGHT AGREEMENT

    The Author/Owner hereby submits the Article to Pageant Media Ltd./“Portfolio Management Research” (PMR) for publication in the Journal. The signing of this document represents and warrants that (i) he or she is authorized to assign the copyright in and to the Article and (ii) neither the Article nor this Copyright Agreement violates any rights of any other party. The Author/Owner hereby assigns and transfers to PMR the copyright in and to the Article, throughout the world. All other intellectual property rights relating to the Article shall remain with the Author/Owner. The Author/Owner understands that PMR shall have the right to use the Article without restriction in any manner and in any media now known or hereafter invented or developed. If PMR intends to make any changes to the content of the published article, it is required to seek prior written permission from the Author/Owner.
    PMR grants to the Author/Owner the following non-exclusive rights:
    1. The right to post on internal or external-facing websites the Article’s title and abstract together with a link to the published Article on PMR’s website. In connection with such posting, the Author/Owner shall include a copyright notice in substantially the following form: “© [year of publication] PMR. All rights reserved.”
    2. The right to use charts, tables, and figures from the article on presentation slides, but not in articles, book chapters, or similar formats consisting primarily of text content.
    The Author Owner and/or Author shall remove any and all pre-publication versions of the Article from all websites (including SSRN and ResearchGate).
    The Owner and Author each understand and agree that, except as provided above, any use, reproduction, or dissemination of the article is strictly prohibited, unless agreed to in writing by PMR. Without limiting the generality of the foregoing, the Owner and/or the Author shall not (i) post the Article to any file-sharing service (including SSRN and ResearchGate), (ii) distribute the Article at any academic or industry conferences or similar events, (iii) include the article in an academic course pack or similar compilation, or (iv) allow the article to be reprinted as a chapter in a book. In the event that the Author or Owner violates the foregoing restrictions on use, reproduction, or dissemination of the Article, the Author/Owner agrees to pay PMR damages equal to PMR’s then applicable rate for unrestricted distribution rights for the Article for the duration of the violation.
    Neither the Owner and/or the Author shall publish or disseminate any update, sequel, or other work based on or derived from the Article unless such update, sequel, or other work contains at least one-third new content.
    The Author warrants that the necessary written permission to reproduce, in the Article and in the Journal, for both print and electronic versions, any text, exhibits, or other material from the original copyright owner or appropriate authorities has been obtained. The Author confirms that the article is an original work, does not infringe upon the intellectual property of a third party, and cannot be construed as plagiarizing another published work. The Author hereby represents that they are the sole owner of the Article, that the Article is original, that neither the Article nor this Copyright Agreement violates any rights of any other party, and that any use of AI within this article is purely for enhancing readability and language.
    The Author maintains that the Article contains no statement that is abusive, defamatory, libelous, obscene, fraudulent, does not infringe upon the rights of others, is unlawful, or is in violation of applicable laws.
    Any alterations to this agreement will be considered null and void unless agreed to in writing by PMR.

  • Supplemental Material: You may include any supplemental materials you would like to appear on our website along with your article. These may include Tables, Graphs, and Equations. Please follow the same guidelines as those used for manuscript submissions. Please put these materials in a separate file and clearly label it Supplemental Material.
  • Please highlight three key takeaways from your article to highlight key findings for the readers.
  • Is your article currently appearing on a public website? If the paper is accepted, the paper cannot appear on ArXiv (which will not remove posted articles), SSRN, or any other public website. You can keep the abstract and link to the published article available on a public website.

Author Guidelines

Author Guidelines

All submitted manuscripts must be original work that hasn’t been published in another form such as another journal, magazine, or book chapter. Upon submitting a manuscript for consideration by PMR, an author is restricted from submitting their manuscript elsewhere until an editorial decision on their work has been made. Submissions are only accepted by uploading to our online article submission system. We do not require any specific style or format for initial submission. However, upon acceptance of an article for publication, the author will be expected to bring their manuscript into conformity with the stylistic and mechanical specifications described below. Also at that time, the author will be expected to sign the PMR copyright agreement and to remove all prior versions of the article from everywhere that they have been posted, including SSRN and all other websites.

These guidelines apply to all the journals in the PMR family of journals except for The Journal of Derivatives, which has separate guidelines.

Target Audience

Journals in the PMR family of publications are directed primarily toward an audience of investment professionals. This includes investors, issuers, intermediaries, and other market participants such as accountants, lawyers, and rating agency analysts. Please write your article for such an audience. In particular, please write in plain English, minimizing the use of technical jargon, and emphasizing clarity and brevity as much as possible.

Although the readers of PMR journals include large numbers of academics, researchers, and policymakers, those groups are not the primary target audience. Manuscripts that have clearly been written primarily for an academic audience will be rejected at the preliminary review.

Target Length

The target length for articles is 4,000 words, not including the abstract, exhibits, and references. However, the editor of a journal may accept articles that are substantially longer or shorter. Articles shorter than 2,500 words or longer than 7,500 words are rarely accepted.

An editor may permit the use of an online supplement. Materials in an online supplement do not count in figuring the length of an article. Content such as detailed empirical results and mathematical proofs are particularly well suited to being placed in online supplements.

Content Organization

Title

You should give your article a short descriptive title. In general, an article’s title should be no more than 12 words. You should try to avoid including words that carry little or no meaning.

An article’s title is the first opportunity to catch the attention of potential readers. Also, an article’s title figures strongly in how visible the article will be via Internet search engines. In most cases, the first few words of an article’s title should be terms that are strongly associated with the article’s subject. Terms that identify the subject more narrowly are generally better than terms with broader meaning. For example, consider the title for an article about model risk associated with quantitative models. The title “Model Risk: Trouble in Quant Land” is stronger than “Trouble in Quant Land: Model Risk” because the term “model risk” appears as the first words of the former.

Abstract

You should write a strong abstract for an article appearing in a PMR journal. The target length for abstracts in PMR journals is 160 words. The abstract should be non-technical, should not contain any references, and should define any acronyms on first use.

An article’s abstract is the only part of the article that appears on the unrestricted portion of the related journal’s website. In the printed version of a journal, the abstract appears in the table of contents (as if it is written by the editorial team, not the authors). It does not appear directly before the article’s main text.

An article’s abstract serves two main functions: First, it communicates the main points of the article and explains the core of the reasoning or analysis that supports them. When applicable, the abstract should further state how the article expands on prior research. Second, the abstract should stimulate the reader’s appetite to read the complete article. It should make the reader want to get all the details.

The abstract is the main vehicle for alerting potential readers that the article exists and informing them about why it is worth reading. A well-written abstract enhances the likelihood that an article will receive the full attention that it deserves from readers. Conversely, a weak abstract may cause readers to overlook an otherwise excellent article.

Introductory Material

Please write strong introductory paragraphs. The introductory material is an important part of an article. It serves three critical functions. First, it serves as a substitute for the abstract at the start of the article. Because an abstract is not presented right before its associated article, a reader will not necessarily have read the abstract before reading the main text.

Second, like the abstract, the introductory material allows an author to communicate the key points of his or her article. This is important because busy investment professionals suffer numerous interruptions and distractions. Therefore, an article’s introductory material should describe the article’s main points and briefly explain the reasoning or analysis that supports them. The introductory material should explain why the findings, results, or conclusions are important and how they add to prior research in the area. If applicable, the introductory material should convey how an investment professional can use the findings, results, or conclusions in a practical way.

Third (also like the abstract), the introductory material in the main text should tease the reader’s curiosity.

In most cases it is helpful to include a “roadmap” paragraph at the end of the introductory material. The purpose of the roadmap paragraph is to inform readers about how the article is organized into different sections and what is covered in each one.

Headings

Articles in PMR journals can have up to three levels of headings. Top-level headings appear in bold uppercase. Second-level headings are indented and bold. Third-level headings appear as bold in-line paragraph headings. These submission guidelines use the heading structure for articles. To assist the copyediting and typesetting process, please use headings formatted in those ways.

The first heading in an article should appear after the introductory material. Articles in PMR journals do not include any heading before an article’s introductory material.

Conclusion

Please end the main text of an article with a short conclusion that briefly summarizes the article’s main point. The conclusion may resemble the article’s abstract, though it need not omit references and technical terms used in the article. The conclusion should not introduce new material.

Footnotes

PMR journals now use footnotes rather than endnotes. Footnotes generally should not be used for references but rather for peripheral or tangential commentary that would not be suitable for inclusion in the main text.

References

PMR journals follow the “author-date” reference format of The Chicago Manual of Style (CMS), 17th Edition, Chapter 15 both for references included in the text of an article and for the list of references at the end of an article. The list of references should immediately follow the main text.

Style, Usage, and Grammar

PMR journals follow CMS with respect to matters of style, usage, and grammar. This includes standards for hyphenation, abbreviations, and capitalization.

Mechanical Standards

Authors should submit manuscripts as MS Word or LaTex files with the text formatted as follows:

  • paper size: 8½ × 11 inches
  • margins: 1 inch all around
  • font for main text: 12 point Times New Roman
  • font for footnotes: 10 point Times New Roman
  • font for tables: 9 point Times New Roman or larger
  • single spaced text
  • paragraphs have 12 points of space before
  • first line of paragraphs indented one tab stop
  • pages numbered at bottom center

We prefer that manuscripts containing mathematical equations be submitted in MS Word using either Equation Editor or MathType. If you submit a manuscript prepared in LaTex, please also submit a .pdf file with the .tex file and make sure to embed all fonts in the .pdf file.

First Page: The first page should contain only the following:

  • Title of the article
  • Date
  • Name and complete contact info for each author
  • For each author a sentence describing the author’s role and affiliation, such as: “John Doe is the chief investment officer of Acme Investment Management, Inc.”
  • If there are multiple authors, an indication of which one is the corresponding author

Second Page: The second page should contain only the following:

  • Title of the article
  • Date
  • Abstract
  • Keywords and JEL codes

Third Page: The main text of the article should begin at the top of the third page

Exhibits

Please call all tabular or graphical material Exhibits. Number exhibits with Arabic numbers consecutively in order of appearance in the text. Do not call them Table 1 and Figure 1. We reserve the right to return to an author for reformatting any paper accepted for publication that does not conform to this style.

An article’s text should refer to all of its exhibits. In general, the text should clearly explain the point supported or demonstrated by each exhibit. Additionally, except for the simplest tables and charts, the text should explain how to read each exhibit. For tables that report statistical results, the text should direct readers to the key values and clearly explain what they mean. For an equation, the text should describe and explain the relationship represented by the equation and clearly define all terms used in the equation. In many cases, it is better to place content that is heavy with equations in an appendix. Within the PMR family of journals, The Journal of Fixed Income and The Journal of Derivatives generally allow for the highest proportions of quantitative material in the main text.

Exhibit Presentation: Authors are encouraged to submit articles with exhibits in color. Please make sure that all categories in an exhibit can be distinguished from each other and match the categories in any legend connected with an exhibit. Also, make sure that each exhibit will be legible when printed in black-and-white. This is important for all articles because a reader may print an article on a black-and-white printer.

Please make sure that all categories in an exhibit can be distinguished from each other and match the categories in any legend connected with an exhibit. If you use color, please make sure that each exhibit will be legible if printed in black-and-white. This is important for all articles because a reader may print an article on a black-and-white printer.

Tables: Please organize and present tables consistently throughout an article. Use 9­‑point Times New Roman or larger; align numbers correctly by decimal points; use the same number of decimal points for the same sorts of numbers; center headings, columns, and numbers correctly; use the exact same language in successive appearances; identify any bold-faced or italicized entries in exhibits; and provide any source notes necessary.

For best results, prepare tables as native in native MS Word format rather than as MS Excel spreadsheets.

Charts: Charts will appear the way you submit them. Please be consistent as to fonts, capitalization, and abbreviations in graphs throughout the paper, and label all axes and lines in charts clearly and absolutely consistently. For best results, charts should be prepared within MS Word, so that they carry all their underlying data. When pasting graphs into Word, paste as an object, not as a picture, so we will be able to have access to the original charts. Unless the underlying data values are already embedded in a pasted chart, please supply all the underlying data values in a separate MS Excel file.

See Appendix A for additional guidelines and examples for tables and charts.

Equations: Please display called-out equations on separate lines, aligned on the same indents as the text paragraphs and with no punctuation following. Number equations consecutively throughout the paper in Arabic numbers at the right-hand margin. Use a text box to explain any operation signs, Greek letters, or any other notation that may be unclear. Leave space around operations signs such as plus and minus everywhere. We reserve the right to return for resubmission any accepted article that prepares equations in any other way.

 

 

Copyright Notice

The Author hereby submits the Article to the With Intelligence/Portfolio Management Research (PMR) initially for publication in the Journal. The signing of this document represents and warrants that (i) he or she is authorized to assign the copyright in and to the Article and (ii) neither the Article nor this Copyright Agreement (“Agreement”) violates any rights of any other party.

The Author hereby assigns and transfers to PMR the copyright in and to the Article, throughout the world. All other intellectual property rights relating to the Article shall remain with the Author. Notwithstanding anything to the contrary, the Author understands that PMR/With Intelligence and its affiliates shall have the right to perpetually use the Article without restriction in any manner, purpose and in any media now known or hereafter invented or developed. If PMR intends to make any changes to the content of the published article, it is required to seek prior written permission from the Author.

PMR grants to the Author the following non-exclusive rights:

  1. The right to post on internal or external-facing websites the Article’s title and abstract together with a link to the published Article on PMR’s In connection with such posting, the Author shall include a copyright notice in substantially the following form: “© [year of publication] PMR. All rights reserved.”
  2. The right to use charts, tables, and figures from the article on presentation slides, but not in articles, book chapters, or similar formats consisting primarily of text content.

The Author shall remove any and all pre-publication versions of the Article from all websites (including SSRN and ResearchGate).

The Author understands and agrees that, except as provided above, any use, reproduction, or dissemination of the article is strictly prohibited, unless agreed to in writing by PMR. Without limiting the generality of the foregoing, the Author shall not (i) post the Article to any file-sharing service (including SSRN and ResearchGate), (ii) distribute the Article at any academic or industry conferences or similar events, (iii) include the article in an academic course pack or similar compilation, or (iv) allow the article to be reprinted as a chapter in a book. In the event that the Author violates the foregoing restrictions on use, reproduction, or dissemination of the Article, without prejudice to any legal rights and remedies available to PMR/With Intelligence, the Author agrees to pay PMR damages equal to PMR’s then applicable rate for unrestricted distribution rights for the Article for the duration of the violation.

 The Author shall not publish or disseminate any update, sequel, or other work based on or derived from the Article unless such update, sequel, or other work contains at least one-third new content.

The Author warrants that the necessary written permission to reproduce, in the Article and in the Journal, for both print and electronic versions, any text, exhibits, or other material from the original copyright owner or appropriate authorities has been obtained. The Author confirms that the article is an original work, does not infringe upon the intellectual property of a third party, and cannot be construed as plagiarizing another published work. The Author hereby represents that they are the sole owner of the Article, that the Article is original, that neither the Article nor this Agreement violates any rights of any other party, and that any use of AI within this article is purely for enhancing readability and language. Author shall indemnify, defend and hold harmless With Intelligence/PMR (including its affiliates, partners, officers, directors, employees, agents, representatives and permitted assigns) against any third-party claims and/or liabilities of any nature, including reasonable attorneys’ fees, arising out of or relating to: (i) any breach of the warranties made pursuant to this Agreement and/or (ii) a third party alleging that the Article (or material, data, methodologies, information contained therein) provided by Author to With Intelligence/PMR infringes or misappropriates any patent, trade secret, copyright or other proprietary rights of such third party. Author shall not enter into any settlement or consent to any order that could adversely affect With Intelligence/PMR, without With Intelligence/PMR’s consent, which shall not be unreasonably withheld. With Intelligence/PMR shall give Author (x) prompt written notice of the claim; (y) the right to control and direct the defense and settlement of the claim; and (z) reasonable assistance and information in the defense of such claim. The Author warrants that the Article contains no statement that is abusive, defamatory, libelous, obscene, or fraudulent; does not infringe upon the rights of others;  is not unlawful; and or is in violation of applicable laws.

Any alterations to this Agreement will be considered null and void unless agreed to in writing by With Intelligence/PMR.

Except with respect to a party’s (a) unlawful act, or intentional misconduct, or (b) indemnification obligations, each party’s maximum total liability for all claims, suits, legal proceedings or actions under any legal theories (together “Claims”) under or in connection with this Agreement or its performance shall not exceed USD 5,000. Neither party shall be liable for any Claims for special, punitive, indirect, or consequential damages other than damages arising from (as it relates to the Author only) (x) a breach of warranties; (y) third party claims for which indemnity is provided under this Agreement; or (z) its intentional misconduct. Notwithstanding the foregoing, each party shall be liable without limit for certain claims in jurisdictions where such unlimited liability is required by law.

Each party shall perform its obligations under this Agreement in compliance with all applicable laws and regulations including the applicable data protection laws, now or hereafter in effect. Nothing in this Agreement may be construed to mean that either party is required to take any action contrary to, prohibited by or otherwise in violation of any applicable laws or regulations.

Anticorruption. Each party, in performing its obligations under this Agreement, shall comply with all applicable anticorruption laws and regulations, including the U.S. Foreign Corrupt Practices Act and the UK Bribery Act. Each party agrees not to perform, offer, give or receive bribes or otherwise engage in corrupt actions in connection with this Agreement. Failure to comply with anti-corruption laws will be deemed a material breach of the Agreement.

 

Sanctions:  

  • “Restrictive Measures” means all applicable economic or financial sanctions, trade embargoes, or export controls imposed, administered or enforced from time to time by authorities such as but not limited to: the Government of the United States, the European Union, and the Government of the United Kingdom.   
  • “Comprehensive Restricted Location” means a jurisdiction or territory that is the subject of Restrictive Measures, including Cuba, Iran, North Korea, Syria, Belarus and the Crimea, Kherson, Zaporizhzhia, Luhansk, and Donetsk regions of Ukraine insofar as such regions or countries remain subject to Restrictive Measures. 

 

As of the date(s) of the Agreement, each party represents, warrants and agrees that it is not: (a) directly or indirectly, individually or in the aggregate, fifty percent (50%) or more owned or controlled by any individual or entity that is (i) the subject of Restrictive Measures or (ii) located, resident in or organized under the laws of a Comprehensive Restrictive location; (b) located in or organized under the laws of a Comprehensive Restricted Location; or (c) an agency or instrumentality of an entity that exercises any governmental authority in a Comprehensive Restricted Location. 

Author further represents, warrants, and agrees that it: (a) is not the subject of Restrictive Measures that would prohibit Author from receiving any Article under this Agreement; (b) will not export, reexport, share, disclose or retransfer any goods, software, technology or Article received under this Agreement in violation of any Restrictive Measures; and (c) will neither distribute nor redistribute (nor permit or facilitate a third party, through action or inaction, to distribute or redistribute) the Article to, nor use the Article in furtherance of its business with, any person or transaction subject to Restrictive Measures or located, organized, or resident in, a Comprehensive Restricted Location without the prior written consent of PMR/With Intelligence and its affiliates. 

As long as the Agreement is in effect, each party will promptly notify the other party if any of these circumstances arise that materially change the representations and warranties set forth above. 

 

Suspension. PMR/With Intelligence and its affiliates is entitled to suspend with immediate effect the right to use and access the Article or any part thereof if in PMR/With Intelligence and its affiliates’ reasonable opinion:   

 

- Author is in breach of the terms of this Agreement including but not limited to the representations or covenants;   

- it is necessary to do so in order to comply with any PMR/With Intelligence and its affiliates’ corporate policy, applicable law, regulation or decision of any applicable regulatory body

 

Termination.  

 

PMR/With Intelligence and its affiliates shall have the right to terminate the Agreement without prior notice or liability to Author, if PMR/With Intelligence and its affiliates determines, in its sole discretion, that such termination is required by PMR/With Intelligence and its affiliates to comply with applicable law or PMR/With Intelligence and its affiliates’ corporate policy, or that Author has breached any of the representations or covenants. 

If any term or condition of this Agreement is found by a court, administrative agency or jurisdiction to be unenforceable, the remaining terms and conditions will remain in full force and effect and will be enforceable to the maximum extent permitted by law. Neither party is an employee, agent, co-venturer, or legal representative of the other for any purpose. Author and With Intelligence/PMR are independent contractors, and nothing in this Agreement may be construed or implied to create any partnership, joint venture, agency, franchise, sales representative, or employment relationship between the parties.

This Agreement and any amendments or supplements to the foregoing documents, and any non-contractual obligations arising out of or in connection with such documents, shall be governed by, and construed and enforced in accordance with, the laws of the State of New York without giving effect to the conflicts of laws provisions thereof. The parties hereto and their successors and assigns irrevocably consent to the exclusive jurisdiction of any courts located in the State of New York, New York County for the resolution of any disputes arising from or related to this Agreement.

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