Portfolio Performance Measurement and Benchmarking (PROFESSIONAL FINANCE & INVESTM) - Hardcover

CHRISTOPHERSON

Hardcover

ISBN 10: 0071496653 ISBN 13: 9780071496650

Publisher: McGraw Hill, 2009

Synopsis

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.

About this title

From the Back Cover

The first comprehensive guide to performance assessment and equity benchmark construction for your portfolio

Portfolio Performance Measurement and Benchmarking helps institutional investors create a smart system for accurate performance evaluation of managed asset portfolios. Striking a useful balance between scholarly groundwork and real-world practicality, this state-of-the-art book gives readers a potent combination of cornerstone knowledge on measuring return and risk with practical guidance on evaluating the performance of a variety of investment strategies.

Packed with applicable examples demonstrating how to correctly calculate performance statistics and properly interpret the results, Portfolio Performance Measurement and Benchmarking features:

• Thorough coverage of a wide variety of performance-measurement methodologies 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 to up-to-date information on investment styles and global index construction, this go-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 multiple asset class fund, Portfolio Performance Measurement and Benchmarking is a must-have resource for determining which investment strategies offer the most profitable rewards relative to their risk.

About the Author

Jon A. Christopherson, Ph.D., is a research fellow for Russell Investments, where he has a solid record of intellectual innovation. He has been a member of the editorial advisory boards of The Journal of Portfolio Management and The Journal of Investment Consulting.

Edition details

• Publisher: McGraw Hill
• Publication date: 2009
• ISBN 10: 0071496653
• ISBN 13: 9780071496650
• Binding: Hardcover
• Language: English
• Number of pages: 480