Kurzbeschreibung:
Investment performance measurement is the quantification of the results achieved by an investment program. Understanding performance measurement is vital for anyone who participates in the investment process. Investment Performance Measurement is a comprehensive and integrated survey of the steps taken to measure performance as well as a reference guide to the calculation and interpretation of the various risk and return statistics commonly encountered by anyone responsible for selecting, monitoring, and evaluating the performance of investment managers.
Written in a clear and accessible style, with each concept developed through fully worked examples, this book is a valuable guide that provides you with critical insights into many areas of this important step in the investment management cycle.
This straightforward and well-rounded resource provides a step-by-step guide to the processes used by practitioners to analyze the performance of an investment portfolio.
Topics include: Calculation of the returns earned by portfolios and portfolio managers Measurement of the risks taken to earn these returns Measurement of the risk and return efficiency of a portfolio Attribution of value added over the benchmark to management decisions Presentation and interpretation of returns calculated using industry standards
Filled with in-depth spreadsheet examples, Investment Performance Measurement gives you all the information you'll need to understand and implement the techniques used to measure the performance of an investment.
