Portfolio Performance Measurement and Benchmarking by Christopherson, Jon; Carino, David; Ferson, Wayne;

Short description:

The first comprehensive guideto performance assessment and equitybenchmark construction for your portfolio

Portfolio Performance Measurement and Benchmarking helps institutionalinvestors create a smart system for accurate performance evaluation of managedasset portfolios.Striking a useful balance between scholarly groundwork and real-worldpracticality, this state-of-the-art book gives readers a potent combination ofcornerstone knowledge on measuring return and risk with practical guidanceon evaluating the performance of a variety of investment strategies.

Packed with applicable examples demonstrating how to correctly calculateperformance statistics and properly interpret the results, Portfolio PerformanceMeasurement and Benchmarking features:

• Thorough coverage of a wide variety of performance-measurementmethodologies and evaluation techniques
• Expert explanations of the mathematics underlying each method
• Specific calculation and evaluation examples from the real world

From the basics of asset class return expectations and portfolio comparisons toup-to-date information on investment styles and global index construction, thisgo-to guide provides a useful depth of coverage in easy-to-understand terms.

Whether you’re investing in a single equity market or managing a multipleasset class fund, Portfolio Performance Measurement and Benchmarking is amust-have resource for determining which investment strategies offer the mostprofitable rewards relative to their risk.

Long description:

In order to make sound investment choices,investors must know the projected return oninvestment in relation to the risk of not beingpaid. Benchmarks are excellent evaluators,but the failure to choose the right investingperformance benchmark often leads to baddecisions or inaction, which inevitably resultsin lost profits.

The first book of its kind, Portfolio PerformanceMeasurement and Benchmarking is a completeguide to benchmarks and performace evaluationusing benchmarks. In one inclusivevolume, readers get foundational coverage onbenchmark construction, as well as expert insightinto specific benchmarks for asset classesand investment styles.

Starting with the basics—such as return calculationsand methods of dealing with cashflows—this thorough book covers a widevariety of performance measurement methodologiesand evaluation techniques beforemoving into more technical material that deconstructsboth the creation of indexes andthe components of a desirable benchmark.

Portfolio Performance Measurement and Benchmarkingprovides detailed coverage of benchmarksfor:

• U.S. equities
• Global and international equities
• Fixed income
• Real estate

The team of renowned authors offers illuminatingopinions on the philosophy and developmentof equity indexes, while highlightingnumerous mechanical problems inherent inbuilding benchmarks and the implications ofeach one.

Before you make your next investment, becertain your return will be worth the riskwith Portfolio Performance Measurement andBenchmarking.

In order to make sound investment choices,investors must know the projected return oninvestment in relation to the risk of not beingpaid. Benchmarks are excellent evaluators,but the failure to choose the right investingperformance benchmark often leads to baddecisions or inaction, which inevitably resultsin lost profits.

The first book of its kind, Portfolio PerformanceMeasurement and Benchmarking is a completeguide to benchmarks and performace evaluationusing benchmarks. In one inclusivevolume, readers get foundational coverage onbenchmark construction, as well as expert insightinto specific benchmarks for asset classesand investment styles.

Starting with the basics—such as return calculationsand methods of dealing with cashflows—this thorough book covers a widevariety of performance measurement methodologiesand evaluation techniques beforemoving into more technical material that deconstructsboth the creation of indexes andthe components of a desirable benchmark.

Portfolio Performance Measurement and Benchmarkingprovides detailed coverage of benchmarksfor:

• U.S. equities
• Global and international equities
• Fixed income
• Real estate

The team of renowned authors offers illuminatingopinions on the philosophy and developmentof equity indexes, while highlightingnumerous mechanical problems inherent inbuilding benchmarks and the implications ofeach one.

Before you make your next investment, becertain your return will be worth the riskwith Portfolio Performance Measurement andBenchmarking.

Table of Contents:

I: Measuring performance

II: Measuring risk

III: Portfolio return and risk

IV: Performace attribution

V: Benchmarking performance

VI: Determining investment style with effective mix

VII: CFA Institute standards for performance presentation

(There will be 37 chapters)