TY - JOUR T1 - A Brief History of Downside Risk Measures JF - The Journal of Investing SP - 9 LP - 25 DO - 10.3905/joi.1999.319365 VL - 8 IS - 3 AU - David N. Nawrocki Y1 - 1999/08/31 UR - https://pm-research.com/content/8/3/9.abstract N2 - Downside risk measures in portfolio analysis purport to be a major improvement over traditional portfolio theory. This article traces the development of the concept from the initial portfolio theory articles in 1952 to articles in the Journal of Investing in 1994. An understanding of the issues facing the researchers provides better knowledge of the concept. ER -