Practical analysis for investment professionals

performance measurement


In Practice Summary: Social Responsibility (SR) Screens and Fund Performance

Does environmental, social, and governance (ESG) investing add or subtract value from investment portfolios? According to the findings of a trio of researchers, summarized in the new In Practice series, the answer is neither: Investors can both match index performance while also “doing good” for the environment and society.

Shortcuts to Factor Investing: Equities and Beyond

In the latest installment of his Shortcuts to Factor Investing series, Mark Harrison, CFA, takes a deeper dive into equities and factor investing's wider applications to other asset classes, including fixed income.

A Valuation Method for Private Equity

A new firm offers up a unique valuation methodology for private equity. In this interview with CFA Institute, Sheridan Porter, cofounder of FEV Analytics, reveals some of the secrets to how they overcome traditional problems in order to value private companies.

Hedge Funds and the Active Management Crisis

It is no secret that active management and hedge funds have underperformed in recent years, but is there a case to be made for them in the long run? When discussing fund performance, the devil is always in the details.

An Easier Way to Understand Hedge Fund Leverage

It is possible to create a valuation-based “rule of thumb” computation for the implied leverage that hedge fund strategies need given market valuations.

Book Review: Performance Evaluation and Attribution of Security Portfolios

Highly recommended for professionals who evaluate portfolio managers (e.g., wealth managers, advisers, fund allocators), this book blends traditional concepts of portfolio evaluation with the latest academic findings. Unlike books that are either concerned exclusively with nuts-and-bolts issues or unduly theoretical, it provides an optimal balance for the benefit of both practitioners and academicians.

Portfolio Evaluation: Benchmarking for Success

Can portfolio evaluation be done in a way that helps investment managers succeed? For the latest installment in his multi-asset strategy series, Larry Cao, CFA, posed this question to some of the smartest institutional investors around. Here's what they had to say.

The Importance of Purpose for Driving Long-Term Corporate Value

Companies may better serve society by bringing corporate purpose, as expressed in authentic branding and mission statements, into alignment with business actions.

Stick to the FACTS: A Framework for Evaluating Investments

Looking for a framework for determining investment strategy selection and assessment? Choosing your investment opportunities simply comes down to the FACTS.

Is Private Equity Out of Tune with Society?

Against a weaker economic background, a re-run of pre-crisis practices is no longer acceptable. In the face of criticism from regulators, investors, and politicians alike, an overhaul of private equity practices is overdue.



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