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Home > Business & Economics > Finance & Accounting > Practical Portfolio Performance Measurement and Attribution-eBook
Practical Portfolio Performance Measurement and Attribution
by Bacon, Carl
 
 
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Practical Portfolio Performance Measurement and Attribution
"Practical Performance Measurement and Attribution provides a clear introduction to the subject of performance measurement. Focusing more on the practical use and calculation of performance returns rather than the academic background it will help readers gain a clear understanding of the role and implications of performance measurement in today's financial environment.
 

""Carl’s book is a ‘must have’ resource - the complete A to Z of the increasingly complex field of performance measurement.""
Glenn Solomon, Global Head of Institutional Clients, Investment Reporting & Performance, BNP Paribas Securities Services

""Internationally renowned authority Carl Bacon has provided what one would expect – an exceptionally well written and practical resource that every investment performance measurement professional should own.""
David Spaulding, President, The Spaulding Group

""Carl Bacon is one of the most knowledgeable professionals I know on the subject of Performance Measurement. He has been a pioneer, leader, and teacher at the forefront of developments in global investment performance standards, performance attribution technique, and risk measurement. I am very pleased he has written this timely and useful book as a complete reference and explanation update on these important subjects.""
James Hollis, Managing Director, Cutter Associates

""Though the subject matter is complex, Carl strikes the right balance between theory and reality. This book should have a permanent spot on the desk of every performance practitioner. I will refer to it often.""
Karyn Vincent, CFA, Vincent Performance Services LLC

""Whether you are a provider or a user of Performance Analysis, this book is well structured, informative and truly a practical guide in every sense.""
Gary Hilldrup, Global Head Performance, Risk & Client Reporting, Fortis Investments

"



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Title of ebook: Practical Portfolio Performance Measurement and Attribution
ISBN: 9780470856802
Publisher: John Wiley & Sons, Inc.
Internet download file size: 1972 kb
Released online for download: 04-10-2005
Author of eBook: Bacon, Carl
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Practical Portfolio Performance Measurement and Attribution


Chapter One

Introduction

The more precisely the position is determined, the less precisely the momentum is known in this instant, and vice versa. Heisenberg, The Uncertainty Principle (1927)

WHY MEASURE PORTFOLIO PERFORMANCE?

Whether we manage our own investment assets or choose to hire others to manage the assets on our behalf we are keen to know "how well" our collection, or portfolio of assets are performing.

The process of adding value via benchmarking, asset allocation, security analysis, portfolio construction and executing transactions is collectively described as the investment decision process. The measurement of portfolio performance should be part of the investment decision process, not external to it.

Clearly there are many stakeholders in the investment decision process; this book focuses on the investors or owners of capital and the firms managing their assets (asset managers or individual portfolio managers). Other stakeholders in the investment decision process include independent consultants tasked with providing advice to clients, custodia ... read full excerpt from Practical Portfolio Performance Measurement and Attribution ebook



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