Practical Portfolio Performance Measurement and Attribution (3rd Edition)

By Carl R. Bacon

Practical Portfolio Performance Measurement and Attribution, Third Edition, is the definitive practitioner’s guide to evaluating investment performance and understanding the sources of portfolio returns. Published by Wiley, this authoritative text provides a clear, hands-on framework for performance measurement, attribution analysis, and risk-adjusted evaluation across asset classes and investment strategies.

Widely used by portfolio managers, analysts, asset owners, and investment consultants, the book bridges theory and real-world application. The 3rd Edition reflects modern portfolio structures, multi-asset strategies, regulatory expectations, and institutional best practices aligned with CFA and GIPS standards.

What This Book Does

This book equips investment professionals with practical tools to measure portfolio performance, decompose returns, evaluate manager skill, and communicate results clearly to stakeholders.

Key Features of the 3rd Edition

• Comprehensive treatment of performance measurement and attribution
• Brinson, arithmetic, geometric, and multi-period attribution models
• Coverage of equities, fixed income, multi-asset, and alternative portfolios
• Risk-adjusted performance metrics and benchmarking
• Alignment with CFA curriculum and GIPS standards

Who Should Use This Book?

• Portfolio managers and investment analysts
• Performance measurement and attribution specialists
• Investment consultants and asset owners
• CFA candidates and charterholders
• Finance professionals in institutional investment roles

Why It’s Essential

• Industry-standard reference for performance attribution
• Highly practical and implementation-focused
• Improves transparency and accountability in investment reporting
• Trusted worldwide by institutional investment professionals

The essential guide to understanding where portfolio returns really come from.
Order today from BooksGoat and master performance measurement and attribution.

Product Details

• ISBN-13: 9781119831945
• Edition: 3rd
• Author: Carl R. Bacon
• Publisher: Wiley
• Format: Hardcover
• Condition: New
• Availability: In Stock
• Price: $— (Free Shipping)

Table of Contents (Highlights)

• Principles of Performance Measurement
• Benchmark Construction and Comparison
• Equity and Fixed Income Attribution
• Multi-Period and Multi-Asset Attribution
• Risk-Adjusted Performance Measures
• Performance Reporting and Interpretation

FAQs

• Is this book suitable for practitioners?
  Yes. It is written specifically for real-world investment professionals.
• Does it align with CFA and GIPS standards?
  Yes. The book is closely aligned with CFA curriculum and GIPS best practices.
• Is it useful for performance attribution specialists?
  Yes. It is considered a core reference in the field.