The 3Q 2020 issue of the Financial Analysts Journal opens with the second of our series celebrating 75 years of the Journal: "The Financial Analysts Journal and Investment Management," by William N. Goetzmann. Next, Edwin J. Elton and Martin J. Gruber provide their Viewpoint in "A Review of the Performance Measurement of Long-Term Mutual Funds."

Six research articles follow. The first is "Targeting Retirement Security with a Dynamic Asset Allocation Strategy," by Adam Kobor, CFA, and Arun Muralidhar, followed by "Risk Management and the Optimal Combination of Equity Market Factors," by Roger Clarke, Harindra de Silva, CFA, and Steven Thorley, CFA. Jamil Baz, Josh Davis, Steve Sapra CFA, Normane Gillmann & Jerry Tsai present "A Framework for Constructing Equity-Risk-Mitigation Portfolios." Our fourth research article is "An Empirical Evaluation of Tax-Loss Harvesting Alpha," by Shomesh E. Chaudhuri, Terence C. Burnham & Andrew W. Lo. Next is "A New Framework for Analyzing Market Share Dynamics among Fund Families," by Jan Jaap Hazenberg. Our final article, by Sinan Krückeberg & Peter Scholz, is titled "Decentralized Efficiency? Arbitrage in Bitcoin Markets."