Author : Denis Karnosky
Publisher : Wiley
Page : 75 pages
File Size : 44,43 MB
Release : 1991-01-15
Category : Business & Economics
ISBN : 9780943205236
Introducing currency considerations into portfolio analysis has implications for the manner in which the underlying assets are evaluated. This monograph provides a unified framework for analysis of global asset markets.
Author : Carl R. Bacon
Publisher : John Wiley & Sons
Page : 488 pages
File Size : 49,87 MB
Release : 2011-02-23
Category : Business & Economics
ISBN : 1119995477
Performance measurement and attribution are key tools in informing investment decisions and strategies. Performance measurement is the quality control of the investment decision process, enabling money managers to calculate return, understand the behaviour of a portfolio of assets, communicate with clients and determine how performance can be improved. Focusing on the practical use and calculation of performance returns rather than the academic background, Practical Portfolio Performance Measurement and Attribution provides a clear guide to the role and implications of these methods in today's financial environment, enabling readers to apply their knowledge with immediate effect. Fully updated from the first edition, this book covers key new developments such as fixed income attribution, attribution of derivative instruments and alternative investment strategies, leverage and short positions, risk-adjusted performance measures for hedge funds plus updates on presentation standards. The book covers the mathematical aspects of the topic in an accessible and practical way, making this book an essential reference for anyone involved in asset management.
Author : Research Foundation of CFA Institute
Publisher :
Page : pages
File Size : 25,84 MB
Release : 1994-01-01
Category :
ISBN : 9780943205823
Author : Bernd R. Fischer
Publisher : Academic Press
Page : 725 pages
File Size : 32,50 MB
Release : 2012-12-31
Category : Business & Economics
ISBN : 0080926525
Just how successful is that investment? Measuring portfolio performance requires evaluation (measuring portfolio results against benchmarks) and attribution (determining individual results of the portfolio's parts), In this book, a professor and an asset manager show readers how to use theories, applications, and real data to understand these tools. Unlike others, Fischer and Wermers teach readers how to pick the theories and applications that fit their specific needs. With material inspired by the recent financial crisis, Fischer and Wermers bring new clarity to defining investment success. - Gives readers the theories and the empirical tools to handle their own data - Features practice problems formerly from the CFA Program curriculum.
Author : Philip Lawton, CIPM
Publisher : John Wiley & Sons
Page : 997 pages
File Size : 30,43 MB
Release : 2009-04-28
Category : Business & Economics
ISBN : 0470395028
Investment Performance Measurement Over the past two decades, the importance of measuring, presenting, and evaluating investment performance results has dramatically increased. With the growth of capital market data services, the development of quantitative analytical techniques, and the widespread acceptance of Global Investment Performance Standards (GIPS®), this discipline has emerged as a central component of effective asset management and, thanks in part to the Certificate in Investment Performance Measurement (CIPM) program, has become a recognized area of specialization for investment professionals. That's why Investment Performance Measurement: Evaluating and Presenting Results the second essential title in the CFA Institute Investment Perspectives series has been created. CFA Institute has a long tradition of publishing content from industry thought leaders, and now this new collection offers unparalleled guidance to those working in the rapidly evolving field of investment management. Drawing from the Research Foundation of CFA Institute, the Financial Analysts Journal, CFA Institute Conference Proceedings Quarterly, CFA Magazine, and the CIPM curriculum, this reliable resource taps into the vast store of knowledge of some of today's most prominent thought leaders from industry professionals to respected academics who have focused on investment performance evaluation for a majority of their careers. Divided into five comprehensive parts, this timely volume opens with an extensive overview of performance measurement, attribution, and appraisal. Here, you'll become familiar with everything from the algebra of time-weighted and money-weighted rates of return to the objectives and techniques of performance appraisal. After this informative introduction, Investment Performance Measurement moves on to: Provide a solid understanding of the theoretical grounds for benchmarking and the trade-offs encountered during practice in Part II: Performance Measurement Describe the different aspects of attribution analysis as well as the determinants of portfolio performance in Part III: Performance Attribution Address everything from hedge fund risks and returns to fund management changes and equity style shifts in Part IV: Performance Appraisal Recount the history and explain the provisions of the GIPS standards with attention paid to the many practical issues that arise in the course of its implementation in Part V: Global Investment Performance Standards Filled with invaluable insights from more than fifty experienced contributors, this practical guide will enhance your understanding of investment performance measurement and put you in a better position to present and evaluate results in the most effective way possible.
Author : Ignazio Basile
Publisher : Springer
Page : 469 pages
File Size : 28,42 MB
Release : 2016-07-27
Category : Business & Economics
ISBN : 3319327968
This book analyses investment management policies for institutional investors. It is composed of four parts. The first one analyses the various types of institutional investors, institutions which, with different objectives, professionally manage portfolios of financial and real assets on behalf of a wide variety of individuals. This part goes on with an in-depth analysis of the economic, technical and regulatory characteristics of the different types of investment funds and of other types of asset management products, which have a high rate of substitutability with investment funds and represent their natural competitors. The second part of the book identifies and investigates the stages of the investment portfolio management. Given the importance of strategic asset allocation in explaining the ex post performance of any type of investment portfolio, this part provides an in-depth analysis of asset allocation methods, illustrating the different theoretical and operational solutions available to institutional investors. The third part describes performance assessment, its breakdown and risk control, with an in-depth examination of performance evaluation techniques, returns-based style analysis approaches, and performance attribution models. Finally, the fourth part deals with the subject of diversification into alternative asset classes, identifying the common characteristics and their possible role within the framework of investment management policies. This part analyses hedge funds, private equity, real estate, commodities, and currency overlay techniques.
Author : Carl R. Bacon
Publisher : John Wiley & Sons
Page : 242 pages
File Size : 24,23 MB
Release : 2005-04-08
Category : Business & Economics
ISBN : 0470856807
Practical Performance Measurement and Attribution provides aclear introduction to the subject of performance measurement.Focusing more on the practical use and calculation of performancereturns rather than the academic background it will help readersgain a clear understanding of the role and implications ofperformance measurement in today's financial environment. "Carl’s book is a ‘must have’ resource -the complete A to Z of the increasingly complex field ofperformance measurement." Glenn Solomon, Global Head of Institutional Clients, InvestmentReporting & Performance, BNP Paribas SecuritiesServices "Internationally renowned authority Carl Bacon has providedwhat one would expect – an exceptionally well written andpractical resource that every investment performance measurementprofessional should own." David Spaulding, President, The Spaulding Group "Carl Bacon is one of the most knowledgeable professionals Iknow on the subject of Performance Measurement. He has been apioneer, leader, and teacher at the forefront of developments inglobal investment performance standards, performance attributiontechnique, and risk measurement. I am very pleased he has writtenthis timely and useful book as a complete reference and explanationupdate on these important subjects." James Hollis, Managing Director, Cutter Associates "Though the subject matter is complex, Carl strikes the rightbalance between theory and reality. This book should have apermanent spot on the desk of every performance practitioner. Iwill refer to it often." Karyn Vincent, CFA, Vincent Performance Services LLC "Whether you are a provider or a user of PerformanceAnalysis, this book is well structured, informative and truly apractical guide in every sense." Gary Hilldrup, Global Head Performance, Risk & ClientReporting, Fortis Investments
Author : Warren E. Bitters
Publisher : Global Professional Publishi
Page : 226 pages
File Size : 33,46 MB
Release : 1997
Category : Asset allocation
ISBN : 9781888998023
� Comprehensive survey on contemporary thinking � Essential reading for investment managers Asset allocation has only become a significant component in the investment management process comparatively recently. Increasingly sophisticated methods are being developed and used in the area. This text provides a survey of contemporary thinking in asset allocation and dissects the many niche subjects within the study of asset allocation to gain new insights.
Author : Georges Hubner
Publisher : John Wiley & Sons
Page : 1095 pages
File Size : 39,96 MB
Release : 2024-06-04
Category : Business & Economics
ISBN : 1119930170
An intuitive and effective desk reference for performance measurement in asset and wealth management In The Complete Guide to Portfolio Performance: Appraise, Analyse, Act, a team of finance professors with extended practical experience deliver a hands-on desk reference for asset and wealth managers suitable for everyday use. Intuitively organized and full of concrete examples of the real-world implementation of the concepts discussed within, the book provides a comprehensive coverage of all important portfolio performance matters across 18 chapters of actionable and clearly described content. The authors have provided relevant cross-referencing where appropriate, “Key Takeaways and Equations” sections at the end of each chapter, and pointers to additional resources for anyone interested in pursuing further research. You'll also find: Discussions of more than a hundred classical and modern performance measures organized logically and with a focus on their applications Strategies for selecting appropriate performance measures based on your situation as a manager or investor Explanations of analytical techniques (statistical approaches, attribution, fund ratings...) enabling a comprehensive use of performance-related information Applications of portfolio performance criteria in concrete investment decision-making processes Highly actionable and logically organized material that's easy to find at a moment's notice A full set of pedagogical powerpoint slides and excel worksheets with all data and formulas Perfect for investors, portfolio managers, advisors, analysts, and regulators, The Complete Guide to Portfolio Performance is also a must-read reference for students and practitioners of asset and wealth management, as well as those pursuing certification such as CFA, CIPM, CIIA, and CAIA.
Author : Gueorgui S Konstantinov
Publisher : World Scientific
Page : 421 pages
File Size : 15,2 MB
Release : 2023-10-06
Category : Business & Economics
ISBN : 9811272581
Quantitative Global Bond Portfolio Management offers a comprehensive discussion of quantitative modelling approaches to managing global bond and currency portfolios. Drawing on practitioner and academic research, as well as the extensive market experience of the authors, the book provides a timely overview of cutting-edge tools applied to the management of global bond portfolios, including in-depth discussions of factor models and optimization techniques. In addition to providing a solid theoretical foundation for global bond portfolio management, the authors focus on the practical implementation of yield curve and currency-driven approaches that can be successfully implemented in actual portfolios. As such, the book will be an indispensable resource to both new and seasoned investors looking to enhance their understanding of global bond markets and strategies.
