Measuring Investment Performance: Calculating and Evaluating Investment Risk and Return - Hardcover

Spaulding, David

Hardcover

ISBN 10: 0786311770 ISBN 13: 9780786311774

Publisher: McGraw-Hill Education, 1997

Synopsis

"This is one of the best books dealing with performance measurement and performance presentation, and one that almost any interested investor can understand. ÑMichael Caccese, Senior Vice President, General Counsel, and Secretary, AIMR. Investors who are blinded by impressive short-term return figures, especially in todayÕs go-go markets, may one day see a portfolio that is wholly inappropriate to their situations and circumstances. Measuring Investment Performance is the new bible for measuring performance in the money management industry. Working under the assumption that statistics used to measure performance should be appropriate, consistent, bias-free, and standardized, financial management consultant David Spaulding delivers an insightful (and often witty) resource for guaranteeing that you are acting appropriately and with the greatest chance of success as a financial advisor or, if you are an investor, that you or your company are in the correct investment every time. Highlights include ways to assess a managerÕs style and verify that he or she is sticking to it, in-depth explanations of different types of risk and risk-based performance assessments, a comprehensive look at the SEC with appendixes that contain complete texts of notable SEC No-Action letters, an overview of the main performance measurement (BAI and ICAA) and reporting (AIMR and IMCA) standards, and case histories of actual companies, and how specific rulings and sanctions have clarified what investors can or canÕt be told when it comes to performance measurement. Are you a money manager who needs complete information on measurement and reporting standards, or an investor or investment professional curious about how you can fairly and accurately compare investments with different approaches and goals? Measuring Investment Performance is the one book you need to demystify and clarify this rapidly-changing subject!

About this title

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From the Back Cover

``This is one of the best books dealing with performance measurement and performance presentation, and one that almost any interested investor can understand.'' Michael Caccese, Senior Vice President, General Counsel, and Secretary AIMR. ``Measuring Investment Performance will serve as the standard for those in the industry who are responsible for maintaining and monitoring investment results. David Spaulding's book is well-timed as the securities industry debates how to adapt standards that are still being developed. Relative to performance measurement, the industry will now have a rule book to determine what is fair and what is foul.'' Robert McAllister, Vice President, DST Belvedere Financial Systems, Inc. ``A clear, concise, yet comprehensive picture of the basics as well as nuances of generating performance figures, evaluating the results, and ways of meeting standards for reporting such. Investment managers, plan sponsors, and interested individuals would do well to have a copy of the book handy.'' James L. Farrell, Chairman, Farrell-Wako Global Investment Management, Inc. ``The book covers a deal of territory concerning investment management performance in an easy-to-read and informative manner.'' James Hollis, CFA, Vice President and Director, Standish, Ayer & Woods, Inc. Measuring Investment Performance goes beyond other books to fully detail the standards you should use to track and gauge any money manager's performance. Whether you are the manager of a multi-million dollar corporate pension fund or a newly-minted $500 college fund, David Spaulding's authoritative book is your guide book for ensuring that you get the investment professionalism and performance you deserve.

Edition details

• Publisher: McGraw-Hill Education
• Publication date: 1997
• Language: English
• ISBN 10: 0786311770
• ISBN 13: 9780786311774
• Binding: Hardcover
• Number of pages: 200