Practical Portfolio Performance Measurement and Attribution *US HARDCOVER* 3rd Ed. by Carl Bacon-9781119831945

Practical Portfolio Performance Measurement and Attribution, Third Edition
Author: Carl R. Bacon, CIPM

Key Themes:

Performance measurement and attribution as crucial tools for informing investment decisions and strategies.
Emphasizes practical application of these techniques rather than solely academic theory.
Focuses on real-world calculations and analysis of portfolio returns.
Features:

Third edition reflects recent developments: Includes updates on performance presentation standards, fixed income attribution, and alternative investment strategies.
Clear explanations: Makes complex financial concepts understandable for a broad audience.
Step-by-step guidance: Provides practical instructions for calculating returns and attributing performance.
Integration of risk measures: Discusses how to consider risk alongside return for a holistic view of portfolio performance.
Excel spreadsheets included: Offers downloadable resources for replicating calculations and analyses.
Target Audience:

Performance analysts
Risk controllers
Portfolio managers
Compliance professionals
Asset managers and owners
Investment consultants
Strengths:

Authoritative and comprehensive: Written by a leading expert in performance measurement and attribution.
Practical focus: Equips readers with the skills to apply these techniques in real-world investment settings.
Up-to-date content: Reflects the latest industry standards and practices.
User-friendly format: Clear explanations and step-by-step guidance make the material accessible.
Versatility: Applicable to a wide range of asset classes and investment strategies.
Chapter Headlines (Examples):

Introduction to Performance Measurement and Attribution
Calculating Portfolio Returns
Risk-Adjusted Performance Measures
Attribution Methodologies (e.g., Time-Weighted, Dollar-Weighted)
Fixed Income Attribution
Attribution of Derivative Instruments and Alternative Investments
Leverage and Short Positions
Performance Presentation and Reporting
Selecting a Performance Measurement System
Closing Paragraph:

Practical Portfolio Performance Measurement and Attribution, Third Edition, remains a must-have resource for anyone involved in investment analysis and decision-making. By providing a comprehensive and practical guide to these essential tools, this book empowers readers to measure performance effectively, understand the drivers of returns, and make informed investment decisions.